Operating Manager definition

Operating Manager means Apollo Manager, LLC, a Delaware limited liability company and a wholly owned subsidiary of Apollo, or any other Person designated from time to time as the “Manager” of the Company pursuant to the Operating Agreement.

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Operating Manager means PIMCO, or any other Person designated from time to time as the “Manager” of the Company pursuant to the Operating Agreement.

Operating Manager means the person nominated by Franchisee and approved by Franchisor to have primary responsibility for the Franchised Business and Franchisee’s compliance with this Agreement, the System, and the Manual, and who is authorized by Franchisee to conduct all interactions with Franchisor and to bind Franchisee with respect to agreements with or commitments to Franchisor. If Franchisee is a natural person, then Franchisee is permitted to serve as Operating Manager.

Examples of Operating Manager in a sentence

This Agreement may be executed in counterparts, any or all of which may be signed by the Operating Manager, and each of the Company’s authorized officers and attorneys-in-fact, on behalf of the Members as their attorney-in-fact.
In the event a Member’s Shares are repurchased pursuant to Section 7.9, the Operating Manager may specially allocate additional items of ordinary income or loss or capital gain (including short-term capital gain) or loss to such Member insofar as is possible to reduce the difference, if any, between the aggregate amounts allocated to such Member’s Capital Account and the aggregate amount of tax items allocated to such Member.
The Company and/or the Operating Manager, or its affiliates, shall reimburse the Dealer Manager for all items of underwriting compensation referenced in the Memorandum, to the extent the Memorandum indicates that they will be paid by the Company or the Operating Manager, as applicable.
For purposes of the foregoing, the Operating Manager may determine that an equitable method of allocation includes, without limitation, an allocation (i) pro rata based on the relative differences between amounts allocated to the Capital Accounts and the aggregate amounts of tax items allocated to the relevant Members, or (ii) solely to the relevant Members with the greatest such differences (taking into account such allocations).
Notwithstanding the foregoing, the Operating Manager in its sole discretion shall make such allocations for tax purposes as may be needed to ensure that allocations are in accordance with the interests of the Members and in a manner intended to give economic effect to the provisions of this Agreement, within the meaning of the Code and Treasury Regulations.

More Definitions of Operating Manager

Operating Manager means First Service Residential or such other residential condominium property manager as may be appointed by the Construction Receiver.

Operating Manager means those charged with the management of the Company as set forth in Article V, or any other Person or Persons that succeed him in that capacity.5

Operating Manager means a natural person over the age of eighteen who has been elected to the office of Operating Manager in the manner provided herein.

Operating Manager. KTIA or any successor thereto.

Operating Manager and “Operating Managers” shall mean such person or Persons as a majority of the Members shall elect from time to time.

Operating Manager means (a) during the four-year period commencing on the Closing Date, James J. Cotter, so long as he remains active in the business ▇▇▇ ▇▇▇▇▇▇▇ ▇▇ the Member, and (b) at any time after such four-year period (or any earlier time when Mr. Cotter is not so active), any Person designated pursuant t▇ ▇▇▇ ▇▇▇▇s of the Limited Liability Company Agreement as the operating manager of the Borrower; provided that there may be more than one Operating Manager of the Borrower from time to time.

Operating Manager means any person appointed or elected to serve as an Operating Manager of a Subsidiary of the Company.