Initial Manager definition

Initial Manager. CSFB Alternative Capital, the person who directed the formation of the Fund and served as initial Manager.

Initial Manager has the meaning ascribed to such term in Section 5.06 hereof. “Interest” shall mean an interest in the Company representing a Member’s entire interest in the Company, including such Member’s share of the Profits, Losses, and Distributions of the Company, and the Member’s right to vote on, consent to, or otherwise participate in any decision or action of or by the Members granted pursuant to this Agreement or the Georgia Act.

Initial Manager. The individual who directed the formation of the Fund and served as initial Manager.

Examples of Initial Manager in a sentence

• Subject to the removal of the Initial Manager provisions of Section 5.06, at a meeting called expressly for the purpose, all or any lesser number of Managers may be removed at any time, with or without cause, by Majority Vote of the Members, provided that, if removal is for cause, removal may be effected by Majority Vote of the Members exclusive of the Member who is, or whose controlled entity is, the Manager that is the subject of removal for cause.

• The Initial Manager shall serve as sole Manager until it dissolves, resigns pursuant to Section 5.07, or is removed for cause pursuant to Section 5.08.

• Notwithstanding any other provision of this Operating Agreement to the contrary, unless and until the Initial Manager shall have dissolved, resigned or been removed for cause, the Initial Manager shall not be removed or replaced as sole Manager, nor shall any other Manager be elected as Manager of the Company without the Initial Manager’s prior written consent.

• Operating management expense ratio (“MER”) means the total MER for the Series before taking into account amortization of share issue commissions and fees, Earned IPA dividends and Conditional IPA dividends with respect to the Initial Manager.

• On March 5, 2021, the Company settled the amount owing to the Initial Manager with total consideration comprising cash in the amount of $322,849 and certain securities in the portfolio as well as other non-monetary consideration and redeemed and cancelled the IPA Shares.

More Definitions of Initial Manager

Initial Manager means GATC. ---------------

Initial Manager shall have the meaning set forth in the Management Agreement.

Initial Manager means Trinity Industries Leasing Company, a Delaware corporation.

Initial Manager means Walkers SPV Limited, in its capacity as manager of the Principal Borrower;

Initial Manager means Kxxx Xxxxxxxxxxx, the Person who directed the formation of the Fund and served as the initial Manager.

Initial Manager means The Andersons.

Initial Manager shall have the meaning set forth in Section 5.15.