Common use of Board of Managers Clause in Contracts

Board of Managers. Subject to the limitations contained in this Agreement and the Act, the business and affairs of the Company shall be managed by or under the direction of a Board of Managers (the “Board”) designated by the Member.

Appears in 46 contracts

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2012-2 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2013-4 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2013-2 Owner Trust)

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Board of Managers. Subject to the limitations contained in this Agreement and the Act, the business and affairs of the Company shall be managed by or under the direction of a Board of Managers (the “Board”) designated by the Member).

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan-Infiniti Lt), Limited Liability Company Agreement (Nissan-Infiniti Lt)

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Board of Managers. Subject to the limitations contained in this Agreement and the Act, the business and affairs of the Company shall be managed by or under the direction of a Board of Managers (the "Board”) designated by the Member").

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Toyota Auto Finance Receivables LLC), Limited Liability Company Agreement (Nissan Auto Lease Trust 2003-A), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii)

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