Common use of The Board Clause in Contracts

The Board. (a) The Organizational Member shall serve as the sole Manager on the Initial Board as of May 26, 2004, 2004, until the proper designation of those persons first listed on Schedule I who shall agree to be bound by all of the terms of this Agreement to serve as Managers on the initial Board which agreement to be bound shall be effective as of the date of their acceptance of their appointment as Manager. The Board 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 any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Fund. The number of Managers shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting, by vote of a majority of the Board, provided however that the number of Managers shall at all times be at least one and no more than ten as determined, from time to time, by the Managers pursuant to this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Mount Yale Opportunity Fund, LLC), Limited Liability Company Operating Agreement (Mount Yale Opportunity Fund, LLC)

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The Board. (a) The Each Organizational Member shall serve as the sole Manager a Director on the Initial initial Board as of May 26October 17, 2004, 20042006, until the proper designation of those persons first listed on Schedule I who shall agree to be bound by all of the terms of this Agreement to serve as Managers Directors on the initial Board Board, which agreement to be bound shall be effective as of the date of their acceptance of their appointment as ManagerDirector. The Board 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 Director and the provisions of Section 3.3 hereof with respect to the election of Managers Directors by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a ManagerDirector. The names and mailing addresses of the Managers Directors shall be set forth in the books and records of the Fund. The number of Managers Directors shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting, meeting by vote of of, a majority of the Board, provided however that the number of Managers Directors shall at all times be at least one and no more than ten as determined, from time to time, by the Managers Directors pursuant to this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund LLC)

The Board. (a) The Each Organizational Member shall serve as the sole Manager a Director on the Initial initial Board as of May 26October 17, 2004, 20042006, until the proper designation of those persons first listed on Schedule I who shall agree to be bound by all of the terms of this Agreement to serve as Managers Directors on the initial Board Board, which agreement to be bound shall be effective as of the date of their acceptance of their appointment as ManagerDirector. The Board 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 Director and the provisions of Section 3.3 hereof with respect to the election of Managers Directors by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a ManagerDirector. The names and mailing addresses of the Managers Directors shall be set forth in the books and records of the Master Fund. The number of Managers Directors shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting, meeting by vote of of, a majority of the Board, provided however that the number of Managers Directors shall at all times be at least one and no more than ten as determined, from time to time, by the Managers Directors pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC)

The Board. (a) The Organizational Member Initial Manager shall serve as the sole a Manager on the Initial Board as of May 26November 5, 2004, 20042009, until the proper designation of those persons first listed on Schedule I who shall agree to be bound by all of the terms of this Agreement to serve as Managers on the initial Board Board, which agreement to be bound shall be effective as of the date of their acceptance of their appointment as Manager. The Board 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 any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Fund. The number of Managers shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting, meeting by vote of of, a majority of the Board, provided however that the number of Managers shall at all times be at least one and no more than ten as determined, from time to time, by the Managers pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Rochdale Structured Claims Fixed Income Fund LLC)

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The Board. (a) The Each Organizational Member shall serve as the sole Manager a Director on the Initial initial Board as of May 26October 17, 2004, 20042006, until the proper designation of those persons first listed on Schedule I who shall agree to be bound by all of the terms of this Agreement to serve as Managers Directors on the initial Board Board, which agreement to be bound shall be effective as of the date of their acceptance of their appointment as ManagerDirector. The Board 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 Director and the provisions of Section 3.3 hereof with respect to the election of Managers Directors by Members, designate any person who shall agree to be bound by all of the terms of this Agreement as a ManagerDirector. The names and mailing addresses of the Managers Directors shall be set forth in the books and records of the TEI Fund. The number of Managers Directors shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting, meeting by vote of of, a majority of the Board, provided however that the number of Managers Directors shall at all times be at least one and no more than ten as determined, from time to time, by the Managers Directors pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund TEI LLC)

The Board. (a) The Organizational Member Initial Manager shall serve as the sole a Manager on the Initial Board as of May 26October 25, 2004, 20042010, until the proper designation of those persons first listed on Schedule I who shall agree to be bound by all of the terms of this Agreement to serve as Managers on the initial Board Board, which agreement to be bound shall be effective as of the date of their acceptance of their appointment as Manager. The Board 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 any person who shall agree to be bound by all of the terms of this Agreement as a Manager. The names and mailing addresses of the Managers shall be set forth in the books and records of the Fund. The number of Managers shall be fixed from time to time by a written instrument signed by, or by resolution approved at a duly constituted meeting, meeting by vote of of, a majority of the Board, provided however that the number of Managers shall at all times be at least one and no more than ten as determined, from time to time, by the Managers pursuant to this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Rochdale High Yield Advances Fund LLC)

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