Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall be appointed by the Beneficial Owner.
Appears in 12 contracts
Samples: Trust Agreement (Mmca Auto Owner Trust 2001-4), Trust Agreement (Mmca Auto Owner Trust 2000-2), Trust Agreement (Mmca Auto Receivables Trust)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall be appointed by the Beneficial OwnerMember.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (Efcar, LLC), Limited Liability Company Agreement (Ford Credit Floorplan LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall will be appointed by the Beneficial OwnerMember having the right to so appoint such Manager pursuant to Section 4.3 hereof.
Appears in 8 contracts
Samples: Operating Agreement (Claymore MACROshares Oil Down Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC), Operating Agreement (MacroShares $100 Oil Down Trust)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of ManagersBoard, the Member will appoint the additional Manager shall be appointed by the Beneficial Owneror Managers.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (CAB West LLC), Limited Liability Company Agreement (California Republic Funding LLC)
Filling of Vacancies. In the case of For any increase in the number of Managers, or of any a vacancy in the Board of Managers, the additional Manager shall will be appointed by the Beneficial OwnerMember.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (CAB East LLC), Limited Liability Company Agreement (CAB East LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall will be appointed by the Beneficial OwnerMember having the right to so appoint such Manager pursuant to Section 4.2 hereof.
Appears in 2 contracts
Samples: Operating Agreement (MacroShares $100 Oil Up Trust), Operating Agreement (MacroShares Housing Depositor, LLC)
Filling of Vacancies. In the case of any increase in the number of Managers, or of any vacancy in the Board of Managers, the additional Manager shall will be appointed by the Beneficial OwnerMember.
Appears in 1 contract
Samples: Operating Agreement (MACRO Securities Depositor, LLC)
