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.
Appears in 2 contracts
Sources: Membership Interest Purchase Agreement (Rhove Real Estate 1, LLC), Membership Interest Purchase Agreement (Rhove Real Estate 1, LLC)