Class B Manager definition

Class B Manager shall have the meaning set forth in Section 6.2.
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Class B Manager means each Manager nominated and appointed by the Class B Member (or the Class B Members collectively, as applicable) pursuant to Section 5.2.
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Class B Manager has the meaning set forth in Section 5.3(c).
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Examples of Class B Manager in a sentence

  • A&J’s Removal as Class B Manager The Operating Agreement and Management Agreement contain three removal provisions that are relevant to this dispute.

  • Procedural Posture The parties do not dispute that the Agreements specify, in essence, that removal of the Class B Manager must be “for cause.”15 They do, however, dispute whether the Agreements, on their face, require the Class B Members to deliver to the Class B Manager a notice of intent to remove and provide an opportunity to be heard, prior to removal.

  • Simply stated, there is neither a contractual nor a common law basis to impose upon the Class B Members a “notice and response” condition as a predicate to removal of the Class B Manager for cause.

  • As explained below, the Class A Manager was to ensure compliance with immigration rules and regulations while the Class B Manager was to manage the day-to-day operations of the Company.

  • The initial Officer terms shall be coextensive with the initial Board of Manager terms (i.e., for the initial term, if the Officer is a Class B Manager, his or her Officer term shall be two years).


More Definitions of Class B Manager

Class B Manager means Xxxxxx Asset Management (USA) Limited, a company incorporated under the laws of the Hong Kong Special Administrative Region of the People’s Republic of China.
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Class B Manager has the meaning assigned to such term in Section 11.8(d).
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Class B Manager means a Class B Manager of the Management Committee elected as provided in 6.01.
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Class B Manager has the meaning given to it in Section 7.01(b). “Code” means the Internal Revenue Code of 1986, as amended.
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Class B Manager means the member of the Board of Managers selected by the holders of the Class B Units.
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Class B Manager means the member of the Board of Managers
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Class B Manager has the meaning given to it in Section 7.01(b).
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