Common use of Appointment of Asset Manager; Acceptance of Appointment Clause in Contracts

Appointment of Asset Manager; Acceptance of Appointment. The Managing Member, on behalf of the Company, hereby appoints the Asset Manager as asset manager to the Company for the purpose of managing the Asset and administrator for the company to provide the administrative services set forth below. The Asset Manager hereby accepts such appointment.

Appears in 3 contracts

Sources: Asset Management & Administrative Services Agreement (Public Shrek Royalties LLC), Asset Management & Administrative Services Agreement (Public 1997 Michael Jordan PMG LLC), Asset Management & Administrative Services Agreement (Public Alts 001 LLC)

Appointment of Asset Manager; Acceptance of Appointment. The Managing Member, on behalf of the Company, hereby appoints the Asset Manager as asset manager to the Company for the purpose of managing the Asset Assets and administrator for the company to provide the administrative services set forth below. The Asset Manager hereby accepts such appointment.

Appears in 1 contract

Sources: Asset Management & Administrative Services Agreement (Public Luxury Handbag Portfolio LLC)