Operating Board. (a) As soon as practicable on or after November 15, 1994, the General Partners shall establish an Operating Board of the Partnership which, prior to the date which is four (4) months after the earlier of January 1, 1998, or the first Restructuring, shall consist of twelve (12) members as follows: (i) the Chief Executive Officer from time to time of PIMCO, who shall serve as the Chairperson of the Operating Board, (ii) six (6) managing directors of PIMCO designated by PIMCO from time to time, (iii) three (3) managing directors of CCI
Appears in 2 contracts
Sources: Limited Partnership Agreement (Oppenheimer Capital L P /De/), Agreement of Limited Partnership (Oppenheimer Capital L P /De/)