Common use of Committees of the Board of Managers Clause in Contracts

Committees of the Board of Managers. (a) The Board of Managers may by resolution designate one or more Committees, each of which shall be comprised of two or more Managers, and may designate one or more of the Managers as alternate members of any Committee, who may, subject to any limitations imposed by the Board of Managers, replace absent or disqualified Managers at any meeting of that committee. Any decisions to be made by a Committee of the Board of Managers shall require the approval of a majority of the votes of such Committee of the Board of Managers, except as may be otherwise provided in this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Standard & Poor's Financial Services LLC), Limited Liability Company Agreement (Standard & Poor's Financial Services LLC), Limited Liability Company Agreement (Standard & Poor's Financial Services LLC)

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Committees of the Board of Managers. (a) The Board of Managers may by resolution designate one or more Committeescommittees, each of which shall be comprised of two or more Managers, and may designate one or more of the Managers as alternate members of any Committeecommittee, who may, subject to any limitations imposed by the Board of Managers, replace absent or disqualified Managers at any meeting of that committee. Any decisions to be made by a Committee committee of the Board of Managers shall require the approval of a majority of the votes of such Committee committee of the Board of Managers, except as may be otherwise provided in this Agreement.

Appears in 3 contracts

Samples: Operating Agreement (DaimlerChrysler Financial Services Americas LLC), Limited Liability Company Operating Agreement, Operating Agreement (Chrysler Financial Services Americas LLC)

Committees of the Board of Managers. (a) The Board of Managers may by resolution designate one or more Committees, each of which shall be comprised of two or more Managers, and may designate one or more of the Managers as alternate members of any Committee, who may, subject to any limitations imposed by the Board of Managers, replace absent or disqualified Managers at any meeting of that committee. Any decisions to be made by a Committee of the Board of Managers shall require the approval vote of a majority of the votes whole Board, may from time to time designate committees of the Board, with such Committee lawfully delegable powers and duties as it thereby confers, to serve at the pleasure of the Board and shall, for those committees and any others provided for herein, elect one or more Managers to serve as the member or members, designating, if it desires, other Managers as alternate members who may replace any absent or disqualified member at any meeting of Managers, except as may be otherwise provided in this Agreementthe committee.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Northrop Grumman Corp /De/), Limited Liability Company Agreement (Northrop Grumman Corp /De/)

Committees of the Board of Managers. (a) The Board of Managers from time to time may by resolution designate appoint one or more Committeescommittees, each of which shall such committee to be comprised of two or more Managers, and may designate one or more of the Managers as alternate members of Board Members, to perform any Committee, who may, subject to functions or conduct any limitations imposed by the Board of Managers, replace absent or disqualified Managers at any meeting of activities that committee. Any decisions to be made by a Committee of the Board of Managers shall require has the approval of a majority of the votes of such Committee of the Board of Managersright, except as may be otherwise provided in this Agreementpower, and authority to perform or conduct.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hughes Communications, Inc.), Limited Liability Company Agreement (HNS-India VSAT, Inc.)

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Committees of the Board of Managers. (a) The Board of Managers may may, by resolution passed by a vote of the entire Board of Managers, designate one or more Committeescommittees, each committee to consist of which shall be comprised of two or more Managers, and may designate one or more of the Managers of the Company. The Board of Managers may designate one or more Managers as alternate members of any Committeecommittee, who may, subject to may replace any limitations imposed by the Board of Managers, replace absent or disqualified Managers member at any meeting of that committee. Any decisions to be made by a Committee of the Board of Managers shall require the approval of a majority of the votes of such Committee of the Board of Managers, except as may be otherwise provided in this Agreement.such

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Wendy's Restaurants, LLC)

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