Common use of Initial Board Clause in Contracts

Initial Board. The Board of Directors is comprised of the seven following individuals: I. J▇▇▇▇▇ ▇▇▇▇▇▇▇, C. S▇▇▇ ▇▇▇, J▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, D. E▇▇▇▇▇ ▇▇▇▇▇, T▇▇ ▇▇▇▇▇▇▇, M▇▇▇ ▇. ▇▇▇▇▇▇▇ and H▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Agreement.

Appears in 2 contracts

Sources: Operating Agreement (Compass Diversified Trust), Operating Agreement (Compass Group Diversified Holdings LLC)

Initial Board. The Initially, the Board of Directors is shall be comprised of the seven following individuals: I. J▇▇▇ ▇▇▇▇▇▇▇, P▇▇▇▇ ▇▇▇▇▇▇ and S▇▇▇▇▇▇ ▇▇▇▇▇▇▇, C. S▇▇▇ ▇▇▇, J▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, D. E▇▇▇▇▇ ▇▇▇▇▇, T▇▇ ▇▇▇▇▇▇▇, M▇▇▇ ▇. ▇▇▇▇▇▇▇ and H▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Amended Agreement.

Appears in 2 contracts

Sources: Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO LLC)

Initial Board. The Board of Directors is comprised of the seven following individuals: I. J▇▇▇▇▇ ▇▇▇▇▇▇▇, C. S▇▇▇ ▇▇▇, J▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, D. E▇▇▇▇▇ ▇▇▇▇▇, T▇▇ ▇▇▇▇▇▇▇, M▇▇▇ ▇. ▇▇▇▇▇▇▇ and H▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Agreement.

Appears in 2 contracts

Sources: Operating Agreement (Compass Diversified Holdings), Operating Agreement (Compass Diversified Holdings)

Initial Board. The Initially, the Board of Directors is shall be comprised of the seven following individuals: I. J▇▇▇▇▇ ▇▇▇▇▇▇▇, C. S▇▇▇ ▇▇▇, J▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, D. E▇▇▇▇▇ ▇▇▇▇▇, T▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, M▇▇▇ ▇. ▇▇▇▇▇▇▇ and H▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (each, each an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his or her successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. V. The Board of Directors (including, without limitation, the Initial Board Board) and each Director (including, without limitation, each Initial Director) shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company Directors under the terms of applicable law and this Agreement.

Appears in 1 contract

Sources: Operating Agreement (Compass Diversified Trust)

Initial Board. The Initially, the Board of Directors is shall be comprised of the seven following individuals: I. J▇▇▇▇▇ ▇▇▇▇▇▇▇, C. S▇▇▇ ▇▇▇, J▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, D. E▇▇▇▇▇ ▇▇▇▇▇, T▇▇▇▇▇▇▇▇, M▇▇▇. ▇▇▇▇▇▇▇ and H▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (each, each an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his or her successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. V. The Board of Directors (including, without limitation, the Initial Board Board) and each Director (including, without limitation, each Initial Director) shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company Directors under the terms of applicable law and this Agreement.

Appears in 1 contract

Sources: Operating Agreement (Compass Diversified Trust)

Initial Board. The Initially, the Board of Directors is shall be comprised of the seven following individuals: I. J▇▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇ ▇▇▇▇▇▇ and ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇, C. S▇▇▇ ▇▇▇, J▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇▇▇, D. E▇▇▇▇▇ ▇▇▇▇▇, T▇▇ ▇▇▇▇▇▇▇, M▇▇▇ ▇. ▇▇▇▇▇▇▇ and H▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (each, an “Initial Director” "INITIAL DIRECTOR" and, collectively, the “Initial Board”"INITIAL BOARD"). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Amended Agreement.

Appears in 1 contract

Sources: Operating Agreement (Macquarie Infrastructure CO Trust)

Initial Board. The initial Board of Directors is comprised of the seven three (3) following individuals: I. J▇▇▇▇▇ ▇▇▇▇▇▇▇, C. S▇▇▇ ▇▇▇, J▇▇▇▇ ▇. ▇▇▇▇▇▇▇, ▇▇▇, D. E▇▇▇▇▇ ▇▇▇▇▇, T▇▇ ▇▇▇▇▇▇▇, M▇▇▇ ▇. ▇▇▇▇▇▇▇ and H▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (each, an “Initial Director” and, collectively, the “Initial Board”). Each Initial Director shall hold office until his successor is elected or appointed and qualified, or until his or her earlier death, resignation or removal in accordance with this Article 6VI. The Initial Board shall have all of the powers and authorities accorded to the Board of Directors, and each Initial Director shall have all of the powers and authorities accorded the directors of the Company under the terms of this Agreement.

Appears in 1 contract

Sources: Operating Agreement (1847 Holdings LLC)