Examples of Preferred Managers in a sentence
Upon any termination of the right of the holders of units of Designated Preferred to select two Managers as provided above, the Preferred Managers shall cease to be qualified as Managers, the term of office of all Preferred Managers then in office shall terminate immediately and the authorized number of Managers shall be reduced by the number of Preferred Managers elected pursuant hereto.
The value of such property, rights or securities shall be determined in good faith by the Board of Managers (including the Preferred Managers).
The Access and Equity Office has begun some preliminary consultation with the Advisory Committee for Persons with Disabilities, Customer Service Sub-committee and the Staff Access and Equity Support Committee reviewing customer service practices, service delivery channels and types of services provided by the city.
At any meeting of the Board, the presence of at least a majority of the Managers (determined in accordance with Section 5.10) then in office shall constitute a quorum; provided, however, to the extent that any action to be taken by the Board at any meeting requires the express affirmative vote or consent of a majority of the Preferred Managers, the presence of a majority of such Preferred Managers shall be the necessary quorum for such action.
At any meeting of the Board, the presence of a majority of the Managers then in office shall constitute a quorum; provided, however, to the extent that any action to be taken by the Board at any meeting requires the express affirmative vote or consent of at least two of the Preferred Managers, the presence of two of such Preferred Managers shall be the necessary quorum for such action.
The Plan shall be administered by the Board or a Committee, or a combination thereof, as determined by the Board, provided that any such Committee shall include at least one Preferred Manager (as defined in the LLC Agreement) and any action taken by such Committee or the Board must include the affirmative vote of such Preferred Manager, if there be only one on such Committee or the Board, or of a majority of the Preferred Managers, if there be more than one Preferred Manager on such Committee or the Board.
His recommendation is to implement this as a biennial review item which would start January 1, 2024.
By: /s/ Xxxxxx Xxxxx Name: Xxxxxx Xxxxx Title: Managing Director UA – Preferred Managers: Xxxxxx Xxxxxxx & Co. Incorporated Citigroup Global Markets Inc.
Consent of the Board may also be obtained by majority written consent of the Managers, provided that at least one of the Senior Preferred Managers and at least one of the Junior Preferred Managers are included in such majority.
The policy will not be cancelable by the Company without prior approval by the Board of Managers, including at least two of the Preferred Managers.