Common use of Appointment; Resignation Clause in Contracts

Appointment; Resignation. The Members hereby appoint the Manager as the “partnership representative” as provided in Code Section 6223(a) (the “Partnership Representative”). The Members hereby appoint J▇▇ ▇▇▇▇▇▇ as the sole person authorized to act on behalf of the Partnership Representative in US federal tax audits and proceedings (the “Designated Individual”). The Designated Individual may resign at any time. The Designated Individual may be removed at any time by the Partnership Representative. The Partnership Representative and the Designated Individual shall resign if the Partnership Representative is no longer a Member. In the event of the resignation of the Partnership Representative, the Investor Member shall select a replacement. In the event of the resignation or removal of the Designated Individual, the Partnership Representative shall select a replacement.

Appointment; Resignation. The Members hereby appoint the Manager as the “partnership representative” as provided in Code Section 6223(a) (the “Partnership Representative”). The Members hereby appoint J▇▇▇ ▇▇▇▇▇▇ as the sole person authorized to act on behalf of the Partnership Representative in US federal tax audits and proceedings (the “Designated Individual”). The Designated Individual may resign at any time. The Designated Individual may be removed at any time by the Partnership Representative. The Partnership Representative and the Designated Individual shall resign if the Partnership Representative is no longer a Member. In the event of the resignation of the Partnership Representative, the Investor Member shall select a replacement. In the event of the resignation or removal of the Designated Individual, the Partnership Representative shall select a replacement.