Common use of Multiple Managers Clause in Contracts

Multiple Managers. If at any time AVGF shall have two or more Managers, the authority to act on behalf of AVGF, any management fee, and the Promoted Interest shall be allocated among such Managers in such manner as such Managers shall determine among themselves without requiring the consent of the Members.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Multiple Managers. If at any time AVGF shall have two or more Managers, the authority to act on behalf of AVGF, any management feeits Management Fee, and the Promoted Interest shall be allocated among such Managers in such manner as such Managers shall determine among themselves without requiring the consent of the Members.be

Appears in 1 contract

Sources: Operating Agreement