Common use of Number and Qualifications Clause in Contracts

Number and Qualifications. The number of Managers on the Board shall be at least one (1) but not more than nine (9), as may be determined by the Member from time to time; provided, however, that no decrease in the number of Managers shall have the effect of shortening the term of any incumbent Manager. No Manager on the Board need be a Member, a Delaware resident, or a United States citizen. The initial Managers shall be designated and appointed as of the Effective Date by the Member.

Appears in 10 contracts

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

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Number and Qualifications. The number of Managers on the Board shall be at least one (1) but not more than nine (9), as may be determined by the Member from time to time; , provided, however, that no decrease in the number of Managers shall have the effect of shortening the term of any incumbent Manager. No Manager on the Board need be a Member, a Delaware resident, or a United States citizen. The initial Managers shall be designated and appointed as of the Effective Date by the Member.

Appears in 3 contracts

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

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Number and Qualifications. The number of Managers on the Board of Managers shall be at least one (1) but ), and not more than nine five (95), or as may be determined by the Member from time to time; provided, however, that but no decrease in the number of Managers shall have the effect of shortening the term of any incumbent Manager. No Manager on Managers need not be residents of the State of Delaware. The Managers in their discretion may elect a chairman of the Board need be a Member, a Delaware resident, or a United States citizen. The initial of Managers who shall be designated and appointed as preside at meetings of the Effective Date by the MemberBoard of Managers.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Plains Capital Corp)

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