Board of Members. 6 3.1.1 Initial Board of Members................................................... 6 3.1.2 Term....................................................................... 6 3.1.3 Appointment; Removal....................................................... 6 3.1.4 Appointment of the Manager................................................. 6 3.1.5
Board of Members. The Board of Members shall have the sole right to manage the business of the Company and shall have all powers and rights necessary, appropriate or advisable to effectuate and carry out the purposes and business of the Company. Each Member shall have the right to appoint two (2) Representatives to the Board.
Board of Members. .. 23 Section 6.1.1 ESTABLISHMENT OF BOARD OF MEMBERS.............. 23
Board of Members. 19.1 The Enterprise shall be managed by a board consisting of members agreed by the parties and permitted at law. The term of office of the Board is three (3) years. The Board shall be appointed by the Parties at the Effective Date. The voting rights of each party shall reflect the respective Participating Interests of the Parties.
Board of Members. The Members agree that the Board of Members shall Board of Members All decisions made and actions taken by the Board of Members shall be based upon majority approval of the Board of Members, except as otherwise expressly provided herein. Each Member of the Board of Members shall be entitled to one (1) vote. A Member of the Board of Members (or any successor Member of the Board of Members) may be removed by a simple majority of the other Members of the Board of Members for acts of gross negligence, fraud or willful misconduct in the performance of their duties as a Board of Members Member hereunder. The Board of Members may delegate any part of its responsibility for day-to-day business of the Company and for all matters not requiring Board of Member approval as specifically provided in this Agreement to one or more Officers as provided herein. Except as otherwise specifically provided herein, authority for all actions reserved for the Members under the LLC Act shall be vested in the Board of Members.
Board of Members
