Initial Managers definition
Examples of Initial Managers in a sentence
The Fund has been formed as a limited liability company at the direction of the Initial Managers who authorized the filing of the Certificate, which actions are hereby ratified by the execution of this Agreement.
The Initial Managers are hereby elected to serve as the Managers until their successors have been duly elected or until their earlier resignation or removal.
Initial Managers - The ordinary and usual decisions concerning the business affairs of the Company shall be made by the Board of Managers.
With respect to the Initial Managers, for purposes of this Article IX, Section 2, the Bank’s Managers listed on Exhibit A shall be deemed the “Bank Managers” and the Limited Member’s Managers listed on Exhibit A shall be deemed the “Limited Member Managers”.
Upon the execution and delivery of this Agreement, the officers of the Company shall consist of the individuals set forth on the Initial Managers Members Schedule.