Appointment of New Manager. Upon termination of the Manager’s employment in whatever manner or in the event that the Manager is wound up or has a receiving order made against it, a meeting of the Owners’ Committee shall immediately be convened to appoint a manager to take its place and such meeting shall appoint a manager who shall on the expiry of the notice given by or, as the case may be, to the Manager immediately thereupon and thenceforth become vested with all the powers and duties of the Manager hereunder and the Owners’ Committee shall on behalf of the Owners enter into a management agreement with such new manager defining its rights duties and obligations. It is hereby declared and agreed that at no time shall there be no duly appointed manager to manage the Land and the Building.
Appointment of New Manager. In the event of the Manager giving notice as hereinbefore provided or in the case of the Manager being dismissed the Manager shall convene a meeting of the Owners’ Committee to elect a manager to take its place or in the case of the Manager being wound up or having a receiving order made against it or failing to convene a meeting of the Owners’ Committee as aforesaid a meeting of the Owners’ Committee may be convened to elect a manager to take its place and such meeting shall elect a manager who shall at the conclusion of the meeting of the Owners’ Committee aforesaid thereupon and henceforth become vested with all the powers and duties of the Manager hereunder. Notwithstanding anything hereinbefore contained, it is hereby declared and agreed that subject to the provisions of the Building Management Ordinance (Cap.344), at no time shall the Lot and the Development be without a responsible duly appointed manager to manage the Lot and the Development or any part or parts thereof after execution of this Deed.
Appointment of New Manager. A new Manager can be appointed only by Members holding a Member Majority. Such new Manager need not be a Member of the company.
Appointment of New Manager. (a) Upon the termination of the appointment of the Manager, the Joint Venturers must promptly appoint a new Manager under the terms of this agreement, if this agreement is not otherwise terminated. The Joint Venturers must not reappoint a Manager removed for default or due to an Insolvency Event.
Appointment of New Manager. The appointment, and the terms of the appointment, of a new manager must be approved by Ordinary Resolution of B Shareholders. A new manager appointed pursuant to this clause 2.9 must promptly execute a document whereby the new manager undertakes to the Company to be bound by and to observe and perform such management obligations as shall have been approved by Ordinary Resolution of B Shareholders.
Appointment of New Manager. If any vacancy in the office of Manager occurs, DHF shall designate a person to serve as a Manager to fill such vacancy.
Appointment of New Manager. In the event of the termination of Manager by City in accordance with the terms hereof, City shall be entitled to appoint a new Stadium Manager to perform the services of Manager, contemplated hereunder, or to perform such services itself. In the event the City selects a third party manager, such appointment shall be subject to the approval of Hardball Management, LLC, which consent shall not be unreasonably withheld, conditioned or delayed. Whether the City or a third-party manager appointed by the City, the City shall, with respect to all Hardball Maintenance Obligations (including the right of Hardball to approve any budget, as such approval shall not be unreasonably withheld, conditioned or delayed), provide Hardball with an annual maintenance budget and future reporting procedure similar to that to be followed by Manager with respect to City Maintenance Obligations. The City will also use commercially reasonable efforts to cost effectively and efficiently manage the Hardball Maintenance Obligations (which would remain the financial responsibility of Hardball).
Appointment of New Manager. Upon the dismissal or retirement of the Manager, the Trustee shall appoint a new manager of the Trust as soon as possible whose appointment shall be subject to the prior approval of the SFC and, to the extent required by the REIT Code (as may be modified by any waivers or exemptions), the passing of an Ordinary Resolution.
Appointment of New Manager. Upon the resignation, removal or withdrawal of a Manager, the Members may elect a new Manager by a vote or written consent of Members holding a majority of the Percentage Interests at the time of such event.
Appointment of New Manager. Subject to Section 6.1.1, if any vacancy in the office of Managers occurs, the Members shall designate a Person to serve as a Manager to fill such vacancy.
