Board of Managers definition

Board of Managers means the Board of Managers of the Company.

Board of Managers has the meaning set forth in Section 4.1.

Board of Managers means the Board of Managers established pursuant to Section 2.6 hereof.

Examples of Board of Managers in a sentence

• Following the execution and delivery of this Agreement, the Board of Managers shall promptly prepare any documents required to be filed and recorded under the Act, and the Board of Managers shall promptly cause each such document to be filed and recorded in accordance with the Act and, to the extent required by law, to be filed and recorded or notice thereof to be published in the appropriate place in each jurisdiction in which the Company may hereafter establish a place of business.

• If the Company is liable for any tax (including, without limitation, any imputed underpayment, interest, penalties, or additions to tax) under or on account of the Partnership Audit Procedures (whether by law, by agreement, or otherwise), the Board of Managers shall be permitted to apportion such liability among the Members, and any such amount so apportioned to a Member shall be considered a Tax Payment Loan in respect of such Member.

• In connection with the foregoing, the Board of Managers shall be entitled in its sole discretion to consider such interests and factors as such Board of Managers deems appropriate, including without limitation, any interests of the Board of Managers or its Affiliates.

• The Board of Managers shall also promptly cause to be filed, recorded, and published such statements or other instruments required by any provision of any applicable law of the United States or any state or other jurisdiction that governs the conduct of its business from time to time.

• Unless waived as is herein provided, notice of any special meeting of the Board of Managers shall be given to each Manager in person, by telephone, or by facsimile, electronic mail or other form of electronic communication, sent to his or her address as set forth in the records of the Company, at least 24 hours in advance of the meeting, or by written notice mailed to his or her business or home address by overnight courier, at least 48 hours in advance of the meeting.

More Definitions of Board of Managers

Board of Managers has the meaning set forth in Section 7.1.

Board of Managers shall have the meaning assigned to such term in Section 5.1(a).

Board of Managers shall have the meaning set forth in Section 3.1.

Board of Managers means the governing body of the Company, having all of the rights, duties and powers of the managing members of a limited liability company under the Law, subject to the terms of this Agreement.

Board of Managers has the meaning set forth in Section 14.

Board of Managers means, for a common interest community that is an unincorporated association or organized as a limited liability company, the group of people elected by the members of a common interest community as the governing body to exercise for the members of the common interest community association all powers, duties, and authority vested in the board of managers under this Act and the common interest community association's declaration, bylaws, or operating agreement.

Board of Managers means the Managers acting as a group with the powers set forth in the Articles and this Operating Agreement.