Delegation of Authority and Duties. (i) The Managing Member may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, Managing Directors, a President, Vice Presidents, a Treasurer or Chief Financial Officer and a Secretary of the Company (collectively, but excluding the Chief Executive Officer and the President, the “Officers”). The compensation, if any, of the Officers shall be determined by the Managing Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Partners Group Growth, LLC), Limited Liability Company Agreement (TCW Direct Lending LLC), Limited Liability Company Agreement (Partners Group Next Generation Infrastructure LLC)
Delegation of Authority and Duties. (i) The Managing Member may appoint and elect (as well as remove or replace with or without cause), as it deems necessary, Managing Directors, a Chief Executive Officer, a President, Vice Presidents, a Treasurer or Chief Financial Officer and Officer, a Secretary of the Company and any other officer it deems necessary or appropriate for the Company (collectively, but excluding the Chief Executive Officer and the President, the “Officers”). The compensation, if any, of the Officers shall be determined by the Managing Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (TCW Direct Lending VII LLC)
