Examples of Class B Managers in a sentence
Class "B" Manager's License.1. The fee for each Class "B" manager's license shall be $25.2. Each license shall be issued for a one-year period beginning on July 1 and ending on the following June 30.(See s.
Unless otherwise provided by Law or this Agreement, the presence of Managers constituting a majority of the voting authority of the whole Board of Managers shall be necessary to constitute a quorum for the transaction of business; provided that the presence of at least a majority of the Class A Managers and at least a majority of the Class B Managers shall be required for a quorum to exist.
Any notice of non- renewal by CIN shall have received prior “Majority Approval” (i.e., an affirmative vote by the majority of Class A Managers and an affirmative vote by the majority of Class B Managers in attendance at any meeting of the Board in which a Quorum is present; all capitalized terms used herein and not otherwise defined shall have the meaning ascribed to such terms in CIN’s Operating Agreement).
The Class B Interest Holders shall appoint three Managers (the "Class B Managers") and the Class A Interest Holders shall appoint two Managers (the "Class A Managers"), provided that so long as Heinz Finance is a direct or indirect Partner, it shall appoint all of the Class B Managers.
When voting on those matters set forth in Section 6.01(c)(ii) hereof, the Class B Managers shall take into account the interests of the holders of the Indebtedness issued pursuant to the Indenture.
The Class B Managers shall determine whether there will be an annual meeting of the Board in a given year, and any such meeting shall be held at the place, date and time determined by the Class B Managers; provided, that if there are no Class B Managers, then such determinations shall be made by the Chairman of the Board.
Xxxxxxx, Xxxxxxx Xxxxx and Xxxxxxx Xxxx, who are the Class A Managers, and Xxxx Xxxxxxxxxx, Xxxxx Xxxxxxxxx and Xxxxx Xxxxxx, who are the Class B Managers.
Under the Transaction, the RGIH Board of Managers will be comprised of Class A Managers, appointed by NextDecade LNG, and Class B Managers, appointed by GIP, Devonshire, TotalEnergies, and MIC, in proportion to their respective direct or indirect interests in RGIH.
Except as provided in Section 6.01(c)(ii), the Class B Managers, in his or her capacity as Class B Managers, shall not exercise any power over and shall not be responsible for the following: (A) the management, conduct or control of the business, operations or affairs of the Company; (B) the management or operation of any Company property; or (C) any actions for or on behalf of the Company that would bind the Company or incur any expenditures on behalf of or with respect to the Company.
The initial Managers of the Company shall be: Xxxxxxx Xxxxx and Xxxxxxx Xxxx, who are the Class A Managers, and Xxxx Xxxxxxxxxx, Xxxxx Xxxxxxxxx and Xxxxx Xxxxxx, who are the Class B Managers.