Common Manager definition
Examples of Common Manager in a sentence
Except as may be otherwise provided by law, at any meeting of the Board of Managers at least a majority of the Board Members then in office shall constitute a quorum, provided that at least one Series A Manager and one Common Manager is present at the meeting.
Each Common Manager then in office shall be entitled to cast one (1) vote, provided, however, that ▇▇▇▇▇ ▇▇▇▇▇▇, for so long as he is a Manager, or, in the event that ▇▇▇▇▇ ▇▇▇▇▇▇ is no longer a Manager, AGP Partners, LLC’s designee shall be entitled to cast a tie-breaking Board vote in the event of a deadlock.
Except as otherwise specifically provided in this Agreement, any elections or other decisions relating to tax matters, including allocations of income, gain, loss, deduction or credit hereunder shall be made by the Board, including at least one (1) Series A Manager and at least one (1) Common Manager, in any manner that reasonably reflects the purpose and intention of this Agreement.
Any Common Manager or Series A Manager may be removed with or without cause only by vote or consent of the Members entitled to designate such Manager.
Meetings of the Board shall be held no less frequently than once per calendar quarter, unless otherwise approved by a majority of the Board, including at least one (1) Series A Manager and one (1) Common Manager.
Each Founder shall have the right to serve as a Common Manager for such time as he continues to own beneficially greater than 12% of the outstanding Common Units; provided, that as long as the Founders collectively own beneficially at least 10% of the aggregate Units they shall have the right to continue to appoint one Common Manager who shall be the Founder owning beneficially the greatest number of Common Units.
In the event that a vacancy is created on the Board by the death, disability, retirement, resignation or removal of any Common Manager or Series A Manager, such vacancy shall be filled only by consent of the Member or Members entitled to designate such Manager.
BUYER: FREESTONE ADVANTAGE PARTNERS, L.P. /s/ Keith Goodman ------------------------------ By: Keith Goodman --------------------------- Its: Common Manager --------------------------- EXHIBIT A FORM OF NOTICE OF EFFECTIVENESS OF REGISTRATION STATEMENT ---------------------- ---------------------- ---------------------- Attention: ------------ RE: IMAGING3, INC.
Any action that may be taken at a meeting of the Board, may be taken without a meeting if a consent in writing, setting forth the action(s) to be taken, shall be signed and dated by the number of Managers required pursuant to this Agreement to take such action at such a meeting, including at least one (1) Common Manager and at least one (1) Preferred Manager.
Special meetings of the Board may be called by any Common Manager on at least 24 hours personal, written or electronic notice to each Manager, which notice must include appropriate dial-in information to permit each Manager to participate in such meeting by means of telephone conference.