Lead Manager. The Board may designate one of the Managers to serve as chair of its meetings (the “Lead Manager”). The Lead Manager shall preside at all meetings of the Board, unless otherwise determined by the Board. If the Lead Manager is absent from a meeting of the Board, the Managers in attendance shall elect another Manager to serve as chair for that meeting. It is understood that the Lead Manager shall not be deemed an Officer unless otherwise determined by the Board in a resolution.
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement