Common use of Composition of Board of Directors Clause in Contracts

Composition of Board of Directors. (a) The Board of Directors shall at all times consist of three (3) Directors to be designated by the Class A Members as follows: (i) two (2) Directors designated by SHR, who shall initially be and ; and (ii) one (1) Director designated by RECO, who shall initially be . The Director designated by RECO is referred to as the “RECO Director”.

Composition of Board of Directors. (a) The Board of Directors shall at all times consist of three (3) Directors to be designated by the Class A Members as follows: (i) two (2) Directors designated by SHR, who shall initially be Xxxxxx X. XxXxxxxxxx and Xxxxx X. Xxxxxx; and (ii) one (1) Director designated by RECO, who shall initially be Xxxx Xxxxxxxxx. The Director designated by RECO is referred to as the “RECO Director”.