Investor Managers definition
Examples of Investor Managers in a sentence
If there is more than one Investor Manager, the decision of the Investor Manager shall be determined by the decision of a majority of such Investor Managers.
The amounts payable by the Company to the Investor Managers pursuant to this Section 6.3(b) shall be allocable among the Investor Managers in proportion to the amounts set forth opposite the names of the Investors affiliated with such Investor Managers as set forth on Schedule 6.3(a) hereto.
In addition, the Tax Matters Member shall not settle or compromise any audit or proceeding that involves an assertion or agreement that any income of the Company is “effectively connected income,” “unrelated business taxable income,” or “commercial activity income” within the meaning of the Code without the express prior written consent of the Requisite Investor Managers.
Once a quorum is present to commence a meeting of such committee, such quorum shall be broken as soon as no Investor Managers remain present at such meeting and no further business may be transacted at such meeting until such time as a quorum shall again be present.
If the amount deemed paid or distributed under Section 6(b) is made in property other than in cash, the value of such distribution shall be the fair market value of such property, as determined in good faith by the Board, including the Requisite Investor Managers.
The voting rights of the Investor Managers with respect to any such committee shall be commensurate with the voting rights of the Investor Managers with respect to the Board.
Notwithstanding anything contained herein to the contrary, Investor Managers (to the extent not designated by one or more Founder Investors or their respective Affiliates and related persons) shall not have any duty or obligation to bring any “corporate opportunity” to the Company or any of its subsidiaries.
We may, at our discretion, change the interest rate and APY for your Deposit Account at any time, including daily, and there are no limitations on the degree of such change.
Once a quorum is present to commence a meeting of the Board, such quorum shall be broken as soon as no Investor Managers remain present at such meeting and no further business may be transacted at such meeting until such time as a quorum shall again be present.
The Company shall reasonably consult with the Investor Managers (as such term is defined in the Restated Operating Agreement) on prospective members of the SAB prior to their appointment.