Common use of Appointment by Manager Clause in Contracts

Appointment by Manager. The Manager shall have the right to appoint and, if applicable, revoke the appointment of the rest of the members of the Technical Committee and their respective alternates (except for those appointed by Holders pursuant to Section 5.2(b)(i) above). Such appointments and revocations shall be made by the Manager at its sole discretion through a written notice to the Trustee and the Common Representative. A member of the Technical Committee (and their alternate) appointed in accordance with this paragraph (ii) may be removed at any time by the Manager at its sole discretion through a written notice to the Trustee and the Common Representative, except that the Extraordinary Holders Meeting may approve the removal of all the members of the Technical Committee pursuant to Section 4.4(f) of this Agreement, provided, that the members of the Technical Committee so removed may not be reappointed as members of the Technical Committee during the 12 (twelve) months following such removal.

Appears in 4 contracts

Samples: www.fibramacquarie.com, www.fibramacquarie.com, www.fibramacquarie.com

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