Common use of Management by Board of Managers Clause in Contracts

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 members, who shall be manager and manager.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Quinlan Jim Chevrolet Co), Limited Liability Company Operating Agreement (Quinlan Jim Chevrolet Co)

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Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist be initially comprised of at least one (1) individual (the "Managers"), the exact number three persons and shall thereafter be comprised of Managers such size to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 membersMember (each, who shall be manager and managera “Manager”).

Appears in 1 contract

Samples: Limited Liability Company Agreement (CDW Finance Corp)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual (the "ManagersManager"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 members, who shall be manager and manager.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Quinlan Jim Chevrolet Co)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act Acts to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual to three (3) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 of[_] members, who shall be manager [manager] and [manager].

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Quinlan Jim Chevrolet Co)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, setting and approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual to seven (7) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the MemberMember or the Board. The initial Board of Managers shall consist of 2 members, three (3) individuals who shall be manager and manager.Xxxxx X.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fah Co Inc)

Management by Board of Managers. (ab) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual to seven (7) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 members, who shall be manager and manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Builders FirstSource of Nashville, Inc.)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, setting and approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual to seven (7) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 members, who shall be manager and managerMember or the Board.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fah Co Inc)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual to ten (10) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 memberstwo (2) Managers, who shall initially be manager Xxxxx Xxxxxxxxx and managerXxxxxx Xxxxxxx.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Dictionary.com, LLC)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual to three (3) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 of[_] members, who shall be manager [manager] and [manager].

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Quinlan Jim Chevrolet Co)

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Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist be initially comprised of at least one (1) individual (the "Managers"), the exact number seven persons and shall thereafter be comprised of Managers such size to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 membersMember (each, who shall be manager and managera “Manager”).

Appears in 1 contract

Samples: Limited Liability Company Agreement (CDW Finance Corp)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual to fifteen (15) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 members, who shall be manager and manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Anywhere Real Estate Group LLC)

Management by Board of Managers. (a) Subject to such matters which as are expressly reserved hereunder or under the Act to the Member Members for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), Board which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 members, who shall be manager and manager.policy-

Appears in 1 contract

Samples: Limited Liability Company Agreement (Element K Corp)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of at least one (1) individual or more individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 members, who shall be manager and manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Quinlan Jim Chevrolet Co)

Management by Board of Managers. (a) Subject to such matters which are expressly reserved hereunder or under the Act TBOC to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist be initially comprised of at least one (1) individual (the "Managers"), the exact number person and shall thereafter be comprised of Managers such size to be determined from time to time by resolution of the Member. The initial Board shall consist of 2 membersMember (each, who shall be manager and managera “Manager”).

Appears in 1 contract

Samples: Limited Liability Company Agreement (CDW Government LLC)

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