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 of the Company established pursuant to Article 6.

Examples of Board of Managers in a sentence

• If any Member becomes a Bankrupt Member, the Company shall have the option, exercisable by notice from the Board of Managers to the Bankrupt Member (or its representative) at any time prior to the 180th day after receipt of notice of the occurrence of the event causing it to become a Bankrupt Member, to buy, and the Bankrupt Member or its representative shall sell, its Membership Interest.

• Prior to the Company's conducting business in any jurisdiction other than Pennsylvania, the Board of Managers shall cause the Company to comply, to the extent procedures are available and those matters are reasonably within the control of the Board of Managers, with all requirements necessary to qualify the Company as a foreign limited liability company in that jurisdiction.

• On completion of the distribution of Company assets as provided herein, the Company is terminated, and the Board of Managers (or such other Person or Persons as the PaBCL may require or permit) shall file a Certificate of Dissolution with the Pennsylvania Department of State, cancel any other filings made pursuant to Section 2.05, and take such other actions as may be necessary to terminate the Company.

• The purpose of the Company is to engage in any business in which limited liability companies are legally authorized to engage, as same shall be determined by the Board of Managers and carried out in accordance with the terms and conditions set forth in this Agreement, including the development of a commercial real estate project in the Central Northside neighborhood of the City of Pittsburgh, Pennsylvania (the “Project”), as described on Exhibit “B”.

• Individual Managers shall have only such authority and perform such duties as the Board of Managers may, from time to time, delegate to them.

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 set forth in Section 3.1.

Board of Managers means, with respect to any person that is a limited liability company, the Board of Managers of such person, acting as a group, or any committee of the Board of Managers of such person authorized, with respect to any particular matter, to exercise the power of the Board of Managers.

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

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 and "Members" shall have the same meanings as set forth in the Fund's limited liability company agreement (the "Limited Liability Company Agreement").