Common use of Initial Manager Clause in Contracts

Initial Manager. The Manager shall be Ormat Nevada, Inc. The Manager shall serve until it resigns or dissolves. The Manager shall constitute a quorum for the transaction of business, however, any action required or permitted to be taken by the Manager at a meeting may be taken without a meeting.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Ormat Funding Corp.), Limited Liability Company Agreement (Ormat Funding Corp.)