Common use of Number and Appointment Clause in Contracts

Number and Appointment. There shall be two Managers who shall be appointed by the Voting Members. Subject to applicable Gaming Laws, ▇▇▇▇▇▇▇▇▇▇ (or any Person or Persons to whom ▇▇▇▇▇▇▇▇▇▇ directly or indirectly Transfers a majority of his Voting Interest in accordance with this Agreement) shall have the right to appoint one Manager (the "▇▇▇▇▇▇▇▇▇▇ Manager"), and ▇▇▇▇ (or any Person or Persons to whom ▇▇▇▇ directly or indirectly Transfers a majority of his Voting Interest in accordance with this Agreement) shall have the right to appoint one Manager (the "▇▇▇▇ Manager"); provided, that the ▇▇▇▇▇▇▇▇▇▇ Manager must be reasonably acceptable to ▇▇▇▇ and the ▇▇▇▇ Manager must be reasonably acceptable to ▇▇▇▇▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇▇▇ shall be the initial ▇▇▇▇▇▇▇▇▇▇ Manager and ▇▇▇▇ shall be the initial ▇▇▇▇ Manager. Each appointing Voting Member may, by written notice to the others, remove any Manager appointed by such Voting Member and appoint a substitute therefor; provided, such removal and appointment does not and is not reasonably expected to cause a Gaming Problem. Additionally, if any Manager is found to be an Unsuitable Person, the applicable Voting Member shall immediately remove such Person as a Manager, and such Person shall automatically cease to be a Manager.

Appears in 2 contracts

Sources: Operating Agreement (Bh Re LLC), Operating Agreement (Bh Re LLC)