Examples of Consent of the Board of Managers in a sentence
No Member shall be permitted to sell or exchange any Membership Shares under this Section 7.2 except (i) as otherwise permitted in this Article VI, or (ii) with the Consent of the Board of Managers.
Notwithstanding anything contained in this Agreement to the contrary, no Member may pledge or create any security interest in any Units without the Consent of the Board of Managers.
In connection with ongoing restructuring efforts, the Company delegated certain authority to the Disinterested Manager pursuant to the Unanimous Written Consent of the Board of Managers of Mariposa Intermediate Holdings LLC adopted by the Board of Managers of the Company on April 28, 2020, (the “Delegating Resolutions”).
Sixth Manager (the “ Michael Bivins Manager”) shall be designated byMichael Bivins, which Manager shall initially be Biv Entertainment, LLC; A Manager’s status as a Manager may be terminated for any reason or for no reason, anda vacancy on the Board of Managers may be filled, by Consent of the Board of Managers.
Pursuant to the Written Consent of the Board of Managers of Esquisto Holdings, LLC ("Esquisto Holdings"), dated May 10, 2018, and the Redemption and Distribution Agreement, dated May 14, 2018, by and among Esquisto Holdings (the "Issuer") and the other parties thereto, Esquisto Holdings made a pro rata distribution of shares of WildHorse Resource Development Corporation's common stock, par value $0.01 per share ("Common Stock"), that it held to its members.
Pursuant to the Written Consent of the Board of Managers of Esquisto Holdings, LLC ("Esquisto Holdings"), dated May 10, 2018, and the Redemption and Distribution Agreement, dated May 14, 2018, by and among Esquisto Holdings and the other parties thereto, Esquisto Holdings made a pro rata distribution of shares of WildHorse Resource Development Corporation's common stock, par value $0.01 per share ("common stock"), that it held to its members.
In the event that any additionalManagers are appointed to the Board of Managers pursuant to Section 3(b) hereof, then the definition of “Consent of the Board of Managers” may be amended in such a manner as shall be determined by the Consent of the Board of Managers appointing such additional Managers.
No member of the Board of Managers shall be paid compensation or fees for such Manager’s services as Manager, but each Manager shall be reimbursed by the LLC for such Manager’s reasonable expenses incurred in the performance of such Manager’s duties as Manager as the Board of Managers from time to time may determine by the Consent of the Board of Managers.
Here, the change to the information presented on petitioner’s application is clear.Petitioner would prefer to avoid the responsibility of informing the Division, as required, and seems to argue that since Max Ruda remains the only person with ultimate authority and responsibility for the operation and control of petitioner there was no change to report.
Also, blockchain technology can be used to store personal and other information in an accessible, but secure environment.