Designation of Operating Member Clause Samples

Designation of Operating Member. ▇▇▇▇▇▇▇ Management is hereby designated as the “Operating Member” of the Company (the “Operating Member”). ▇▇▇▇▇▇▇ Management shall serve in such capacity unless and until ▇▇▇▇▇▇▇ Management is removed by the Management Committee in accordance with the provisions of Section 2.06. Following any removal of ▇▇▇▇▇▇▇ Management as the Operating Member, 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 Operating Member or manager of the Company.
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Designation of Operating Member. Buckingham is hereby designated as the “Operating Member” of the Company (the “Operating Member”). Buckingham shall serve in such capacity unless and until Buckingham is removed by the Management Committee in accordance with the provisions of Section 2.06. Following any removal of Buckingham as the Operating Member, 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 Operating Member or manager of the Company.
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Designation of Operating Member. ERES is hereby designated as the “Operating Member” of the Company (the “Operating Member”). ERES shall serve in such capacity unless and until ERES is removed by the Management Committee in accordance with the provisions of Section 2.06. Following any removal of ERES as the Operating Member, 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 Operating Member or manager of the Company.
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Designation of Operating Member. NVR is hereby designated as the “Operating Member” of the Company (the “Operating Member”). NVR shall serve in such capacity unless and until NVR is removed by the Management Committee in accordance with the provisions of Section 2.06. Following any removal of NVR as the Operating Member, 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 Operating Member or manager of the Company.
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Designation of Operating Member. DFP is hereby designated as the “Operating Member” of the Company (the “Operating Member”). DFP shall serve in such capacity unless and until DFP is removed by the Management Committee in accordance with the provisions of Section 2.06. Following any removal of DFP as the Operating Member, 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 Operating Member or manager of the Company.
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Designation of Operating Member. 37 4.2 Rights and Obligations of the Operating Member. ......................................................... 37 4.3
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Designation of Operating Member 
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Related to Designation of Operating Member

  • Duties of Operator Operator shall perform all required testing of Manufacturer’s Bus in accordance with the FTA Regulations and the established testing procedures used at the bus testing facility and provided to Manufacturer which procedures are attached hereto marked Exhibit “A” and incorporated herein by this reference.

  • Statement of Operations Statement of Changes in Net Assets.

  • TRANSFER OF OPERATIONS Purchaser shall be entitled to immediate possession of, and to exercise all rights arising under, the Assets from and after the time that the Restaurants open for business on the Closing Date, and operation of the Restaurants shall transfer at such time (the "Effective Time"). Except as expressly provided in this Agreement, all profits, losses, liabilities, claims, or injuries arising before the Effective Time shall be solely to the benefit or the risk of Seller. All such occurrences after the Effective Time shall be solely to the benefit or the risk of Purchaser. The risk of loss or damage by fire, storm, flood, theft, or other casualty or cause shall be in all respects upon Seller prior to the Effective Time and upon the Purchaser thereafter.

  • Cessation of Operations Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

  • Payment of Operating Expenses Subject to the provisions of Section 6.08(c), Borrower will (i) pay the expenses of operating, managing, maintaining and repairing the Mortgaged Property (including utilities, Repairs and Capital Replacements) before the last date upon which each such payment may be made without any penalty or interest charge being added, and (ii) pay Insurance premiums at least 30 days prior to the expiration date of each policy of Insurance, unless applicable law specifies some lesser period.