Common use of The Board of Managers Clause in Contracts

The Board of Managers. (a) Following the effectiveness of this Agreement, each Manager shall agree to be bound by all of the terms of this Agreement applicable to Managers. The Board of Managers may, subject to the provisions of paragraphs (a) and (b) of this Section 2.6 with respect to the number of and vacancies in the position of Manager and the provisions of Section 3.3 hereof with respect to the election of Managers by Members, designate as a Manager any person who shall agree to the provisions of this Agreement pertaining to the obligations of Managers. Any person who shall hold himself or herself out as a Manager or acts in such capacity shall be deemed to have agreed to the provisions of this Agreement pertaining to the obligations of a Manager whether or not such person executes a written agreement to such effect. The number of Managers shall be fixed from time to time by the Board of Managers.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Partners Group Growth, LLC), Limited Liability Company Agreement (Partners Group Next Generation Infrastructure LLC), Limited Liability Company Agreement (Destiny Alternative Fund LLC)

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