Designation of Manager Sample Clauses

Designation of Manager. BSH RE Hold LLC, an Ohio limited liability company, shall be the initial Manager of the Company, to serve throughout the term of existence of the Company, unless it dissolves, resigns or is removed pursuant to Section 5.7(b) hereof, in which event a successor Manager shall be elected by R▇▇▇▇ in accordance with Section 5.8 hereof.

Designation of Manager. ▇▇▇▇▇ ▇▇▇▇▇▇ is designated as the initial Manager of the Company, to serve until his death, resignation or incapacity. If the Manager shall cease to serve as Manager due to death, resignation or incapacity, a replacement Manager shall be designated by Members holding a Majority Interest. The Manager need not be a Member of the Company.

Designation of Manager. ▇▇▇▇▇▇▇ is hereby designated as the “Manager” of the Company (the “Manager”). ▇▇▇▇▇▇▇ shall serve in such capacity unless and until ▇▇▇▇▇▇▇ is removed by the Management Committee in accordance with the provisions of Section 2.06. Following any removal of ▇▇▇▇▇▇▇ as the Manager, the Person (who may be, but need not be, a Member of the Company) selected by the Management Committee in accordance with the provisions of Section 2.06 shall serve as the replacement Manager of the Company.

Designation of Manager. The Company shall be managed by a Manager, which shall be comprised of a Management Committee. The Management Committee will be comprised of three (3) individuals. The initial Management Committee members are as follows: ▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇, and P. ▇▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇.

Designation of Manager. Any designation of an Equity Holder will be conditioned on the appointment by RPI 49, after consulting with RAIT of a "Property Manager" who will manage the Property and make all payments in accordance herewith and with the Purchase Money Financing. It is expressly agreed that RAIT may not, in any manner whatsoever, interfere with, delay or otherwise impair Purchase Money Lender's rights to require appointment (or replacement) of a Property Manager. As long as the Purchase Money Financing shall be outstanding, the Property Manager shall be irrevocably instructed to make all payments due thereon to the Purchase Money Lender prior to making any payments to RAIT or RPI 49.

Designation of Manager. K▇▇▇▇▇▇-Franklinton Holdings 2, LLC, an Ohio limited liability company, shall be the initial Manager of the Company, to serve throughout the term of existence of the Company, unless it dissolves, resigns or is removed pursuant to Section 5.7(b) hereof, in which event a successor Manager shall be elected by a Majority-in-Interest of the Members in accordance with Section 5.8 hereof.

Designation of Manager. The Company shall be managed initially by its Member. The term Manager is singular in this Agreement; however, the term encompasses all Managers, irrespective of whether there is one or more. A Manager need not be a Member. A Manager shall be entitled to compensation for services rendered as agreed between the Manager and Members. A Manager may be removed by an Act of the Members holding a majority Membership Interest Percentage.

Designation of Manager. 16 5.3.Power and Authority of the Manager.16 5.4.Limitations on Authority of the Manager.17 5.5.Limitation on Authority of Members.19 5.6.Duties, Obligations and Liability of Manager.19 5.7.Resignation or Removal of Manager.20 5.8.Filling Vacancy in Manager Position.21 5.9.Officers.21 5.10.Compensation and Reimbursement.21 5.11.Transactions with Affiliates.22 5.12.Approval or Ratification by Members.22 5.▇▇.▇▇▇▇▇▇▇▇ Plan.22 5.14.Right to Rely on Manager.23 5.15.Indemnification.23

Designation of Manager. 9.1 For the purpose of conducting the business and affairs of the limited liability company, ^, an Illinois corporation, shall act as manager until the first annual meeting of the members or until its successor is elected and qualifies. The address of the manager is as follows: ^, llinois ^, Attention: ^. 9.2 The manager of the limited liability company shall be elected annually at a meeting of the members or by other action of the members to be held or taken on each annual anniversary of the date of these Articles, or as soon thereafter as such meeting or action can be held or taken. Such person who receives the approval of those members who own an aggregate of more than fifty percent (50%) of the total percentage interests of all members of the limited liability company shall be elected manager, and the Articles of Organization shall be amended to any extent required under the Act. The number of managers may be increased or decreased as determined also by the consent of those members whose respective percentage interests in the limited liability company in the aggregate exceed fifty percent (50%) of the total percentage interests of all members of the limited liability company. 9.3 Whenever the consent or approval of the members is referred to in these Articles, the consent or approval by sufficient members authorized to make such a decision shall be effective whether votes are cast at a meeting of members (and whether or not all of the members are in attendance at such meeting), or by formal or informal, oral or written instructions of such members, or otherwise, and such determination so made by the members shall be effective and legally binding upon all the members, regardless of the number of members who may actually vote or otherwise participate therein.