Election of Board. Except as provided in Section 2.12 of this Agreement, the Directors shall be chosen by the Member. The initial Directors of the Company designated by the Member are ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇. Each Director is hereby designated as a “manager” (within the meaning of the Act) of the Company and notwithstanding the last sentence of § 18-402 of the Act, except as provided in this Agreement or in a resolution of the Board, no single Director shall have the power to bind the Company and the Board shall have the power to act only collectively as the Board in the manner specified herein.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Servicemaster Co, LLC), Limited Liability Company Agreement