Member Representatives. By signing this Agreement, the Members holding Class A Common Units hereby appoint ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ as the Class A Member Representative, and the Members holding Class B Common Units appoint ▇▇▇▇▇ ▇. ▇▇▇▇▇▇ as the Class B Member Representative. The Member Representatives will have full authority to act on behalf of the Members that they represent, including receiving any notices or reports, granting any consents or taking any other actions permitted or required to be taken by the Members under this Agreement. A successor Member Representative may be appointed by the written consent of Members holding a majority of the Class A Common Units, in the case of a Class A Member Representative, or Members holding a majority of the Class B Common Units, in the case of a Class B Member Representative. The Managing Member will not be required to recognize the authority of any successor Member Representative until the Managing Member has received written notice, signed by or on behalf of Members holding a sufficient number of Common Units to appoint such successor.
Appears in 1 contract
Sources: Master Contribution and Sale Agreement (Forest City Enterprises Inc)
Member Representatives. By signing this Agreement, the Members holding Class A Common Units hereby appoint ▇B▇▇▇▇ ▇. ▇▇▇▇▇▇ as the Class A Member Representative, and the Members holding Class B Common Units appoint ▇J▇▇▇▇ ▇. ▇▇▇▇▇▇ as the Class B Member Representative. The Member Representatives will have full authority to act on behalf of the Members that they represent, including receiving any notices or reports, granting any consents or taking any other actions permitted or required to be taken by the Members under this Agreement. A successor Member Representative may be appointed by the written consent of Members holding a majority of the Class A Common Units, in the case of a Class A Member Representative, or Members holding a majority of the Class B Common Units, in the case of a Class B Member Representative. The Managing Member will not be required to recognize the authority of any successor Member Representative until the Managing Member has received written notice, signed by or on behalf of Members holding a sufficient number of Common Units to appoint such successor.
Appears in 1 contract
Sources: Master Contribution and Sale Agreement (Forest City Enterprises Inc)