Example ContractsClausesBoard of Managers
Board of Managers
Board of Managers contract clause examples

Board of Managers” means the Board of Managers of the Company.

Board of Managers. Except as reserved to the Members in this Agreement or delegated to an Officer, the business and affairs of the Company shall be managed under the direction of the Board of Managers (“Board of Managers”), and the Board of Managers shall have power and authority to manage and direct the business and affairs of the Company Approval by or actions taken by the Board of Managers in accordance with this Agreement shall constitute approval or action by the Company.

Board of Managers” means the group of Managers that exercises the powers, and manages the business and affairs, of the Company pursuant to Article VI of this Agreement.

Action by Board of Managers. Any action required or permitted to be taken by the Board of Managers shall be taken by written consent of the Board of Managers in accordance with this Section 6.1(e), without a meeting of the Board of Managers. Any action taken by the Board of Managers shall be evidenced by one or more written consents describing the action to be taken by the Board of Managers that are signed by the Managers entitled to vote on such matter. Unless otherwise provided by this Agreement, action taken under this Section 6.1(e) is effective when a majority of the Managers have signed the consent, unless the consent specifies a different effective date. Notwithstanding the foregoing, any action proposed to be taken by written consent shall be delivered to each Manager at least 72 hours prior to the execution and effectiveness of such action by written consent. An electronic mail or similar transmission by a Manager, or other electronic reproduction of a writing signed by a Manager, shall be regarded as signed by the Manager for purposes of this Section 6.1(e). For purposes of this Agreement, each Manager shall have one vote on each matter submitted to a vote of the Board of Managers and a “majority of the Managers” or similar means the Managers holding a majority of the votes of all of the Managers entitled to be cast hereunder.

Appointment of Managers to each Company

Appointment of Managers to each Company

Board of Managers” or “Board” means the board of managers of the Company.

"Board of Managers" or "Board" means the board of managers from time to time of a particular Company appointed in accordance with this Agreement and the Articles of Association;

Board of Managers. Except for any matters for which the approval of the Members is required by this Agreement or by nonwaivable provisions of Applicable Law, (i) the powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Board of Managers; and (ii) the Board of Managers may make all decisions and take all actions for the Company. Notwithstanding the preceding sentence, the Board of Managers may not cause the Company to do any of the following without the unanimous consent of all then current Members (excluding any Member if all of its Membership Interests have been Transferred or Pledged pursuant to Article VIII of this Agreement or its management rights have been terminated pursuant to Section 9.1):

Board of Managers” means the board of managers of the Company established pursuant to Section 8.3.

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