Common use of Appointment as Manager Clause in Contracts

Appointment as Manager. Under the Operating Agreement, PubCo will become a member and the sole manager of the Operating Company. As the sole manager, PubCo will be able to control all of the day-to-day business affairs and decision-making of the Operating Company without the approval of any other member. As such, PubCo, through its officers and directors, will be responsible for all operational and administrative decisions of the Operating Company and the day-to-day management of the Operating Company’s business. PubCo cannot, under any circumstances, be removed as the sole manager of the Operating Company except by its election.