Common use of Number of Directors; Term of Office Clause in Contracts

Number of Directors; Term of Office. The authorized number of Directors is, as of the date hereof, three. The Directors shall be elected by a majority in voting interest and shall hold office until their respective successors are elected and qualified or until their earlier death, resignation or removal. The initial Directors shall be: Xxxxxxx Xxxx, Xxx Xxxxx and Xxxxxx Xxxxxx, and each such person shall hold office as a Director until his respective successor is elected and qualified or until his earlier death, resignation or removal.

Number of Directors; Term of Office. The authorized number of Directors is, as of the date hereof, threefive Directors and, hereafter the authorized number of Directors may be increased or decreased by the General Partner, in its sole discretion. The Directors shall be elected appointed by a majority in voting interest the General Partner and shall hold office until their respective successors are elected appointed and qualified or until their earlier death, resignation or removal. The initial As of the date hereof, four of the five Directors shall be: Xxxxxxx are Xxxxxxxx Xxxxxx, Xxxx Xxxxxxx, Xxxxx Xxxxxx and Xxxxxx Xxxx, Xxx Xxxxx and Xxxxxx Xxxxxx, and each such person shall hold office as the remaining position for a Director until his respective successor is elected and qualified or until his earlier death, resignation or removalvacant.