{"component": "clause", "props": {"groups": [{"snippet": "The Members hereby appoint the Manager as the \"partnership representative\" as provided in Section 6223(a) of the Code (the \"Partnership Representative\"). The Partnership Representative can be removed at any time by a vote of Members holding 66% of the Security Interests of the Company, and shall resign if it is no longer the Manager. In the event of the resignation or removal of the Tax Matters Representative, the holders of a majority of the Security Interests of the Company shall appoint a new Tax Matters Representative.", "snippet_links": [{"key": "the-members", "type": "clause", "offset": [0, 11]}, {"key": "the-manager", "type": "clause", "offset": [27, 38]}, {"key": "partnership-representative", "type": "definition", "offset": [47, 73]}, {"key": "the-code", "type": "clause", "offset": [109, 117]}, {"key": "the-partnership", "type": "definition", "offset": [154, 169]}, {"key": "at-any-time", "type": "clause", "offset": [200, 211]}, {"key": "members-holding", "type": "clause", "offset": [225, 240]}, {"key": "interests-of-the-company", "type": "clause", "offset": [261, 285]}, {"key": "in-the-event-of", "type": "definition", "offset": [336, 351]}, {"key": "removal-of", "type": "definition", "offset": [371, 381]}, {"key": "tax-matters-representative", "type": "definition", "offset": [386, 412]}, {"key": "holders-of", "type": "clause", "offset": [418, 428]}, {"key": "a-majority", "type": "definition", "offset": [429, 439]}, {"key": "the-company-shall", "type": "clause", "offset": [469, 486]}, {"key": "new-tax", "type": "definition", "offset": [497, 504]}], "samples": [{"hash": "gx3waIoOb3h", "uri": "/contracts/gx3waIoOb3h#appointment-resignation", "label": "Limited Liability Company Agreement", "score": 35.2895851135, "published": true}, {"hash": "hTY6wC8cnbb", "uri": "/contracts/hTY6wC8cnbb#appointment-resignation", "label": "Limited Liability Company Agreement", "score": 34.8753929138, "published": true}, {"hash": "40pYyEYDNdi", "uri": "/contracts/40pYyEYDNdi#appointment-resignation", "label": "Limited Liability Company Agreement", "score": 33.5333518982, "published": true}], "size": 7, "hash": "4cc7f4988fe4f12c49a0f2db7b79bfec", "id": 1}, {"snippet": "The Partners hereby appoint \u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 as the \u201cpartnership representative\u201d as provided in Code Section 6223(a) (the \u201cPartnership Representative\u201d). The Partnership Representative can be removed at any time by a vote of the General Partner. The Partnership Representative shall resign if he is no longer a direct or indirect member of the Partnership. In the event of the resignation or removal of the Partnership Representative the General Partner shall select a replacement Partnership Representative. If the resignation or removal of the Partnership Representative occurs prior to the effectiveness of the resignation or removal under applicable Treasury Regulations or other administrative guidance, the Partnership Representative that has resigned or been removed shall not take any actions in his capacity as Partnership Representative except as directed by the General Partner.", "snippet_links": [{"key": "partnership-representative", "type": "definition", "offset": [47, 73]}, {"key": "code-section", "type": "definition", "offset": [90, 102]}, {"key": "the-partnership", "type": "definition", "offset": [147, 162]}, {"key": "at-any-time", "type": "clause", "offset": [193, 204]}, {"key": "a-vote", "type": "definition", "offset": [208, 214]}, {"key": "member-of-the", "type": "clause", "offset": [323, 336]}, {"key": "in-the-event-of", "type": "definition", "offset": [350, 365]}, {"key": "removal-of", "type": "definition", "offset": [385, 395]}, {"key": "prior-to-the", "type": "clause", "offset": [573, 585]}, {"key": "effectiveness-of-the", "type": "clause", "offset": [586, 606]}, {"key": "applicable-treasury-regulations", "type": "definition", "offset": [636, 667]}, {"key": "administrative-guidance", "type": "definition", "offset": [677, 700]}, {"key": "in-his-capacity-as", "type": "clause", "offset": [794, 812]}, {"key": "as-directed", "type": "definition", "offset": [847, 858]}, {"key": "by-the-general-partner", "type": "clause", "offset": [859, 881]}], "samples": [{"hash": "jFyS3U85iKP", "uri": "/contracts/jFyS3U85iKP#appointment-resignation", "label": "Limited Partnership Agreement (Carter Validus Mission Critical REIT II, Inc.)", "score": 27.7200546265, "published": true}, {"hash": "2BRi7ubecLW", "uri": "/contracts/2BRi7ubecLW#appointment-resignation", "label": "Agreement of Limited Partnership (Carter Validus Mission Critical REIT, Inc.)", "score": 27.7200546265, "published": true}], "size": 5, "hash": "b0cfd1450f5ede6b6a5d851cc874b99e", "id": 2}, {"snippet": "(a) Subject to Section 12.1(l)(b) below, the Company shall have two (2) Managers (each referred to as a \u201cManager\u201d and, collectively, the \u201cManagers\u201d), who shall each be appointed by the vote or consent of Members owning or holding at least a majority of the Participation Interests, provided, however, that (i) so long as Panda Interests LLC owns or holds a Company Interest, one such Manager shall be appointed by Panda Interests LLC, in its sole discretion; and (ii) for so long as Mercer Interests LLC owns or holds a Company Interest, the other such Manager shall be appointed by Mercer Interests LLC, in its sole discretion. The foregoing powers of appointment granted to the Successor Members are personal in nature and shall not be included in or otherwise be considered a part of the Company Interests and/or Participation Interests of either of the foregoing named Successor Members. Such powers of appointment shall not be assignable, voluntarily or involuntarily, by either of the foregoing named Successor Members except as expressly provided in this Agreement. Panda Interests LLC hereby appoints Lammot J. du Pont as a Manager of the Company. Mercer Interests LLC hereby appoints \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587 as a Manager of the Company.\n(b) Upon the death or adjudication of incompetency of, or a Bankruptcy Event with respect to, either of Lammot J. du Pont or \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587, such individual shall automatically cease to be a Manager and all of the rights, powers and authority of the Managers as described herein and/or pursuant to applicable law, shall be vested in the other of them as the sole Manager, provided such other is alive, has not been adjudicated incompetent, and is not then Amended and Restated Limited Liability Company Agreement Yak Management LLC subject to a Bankruptcy Event. Upon the death or adjudication of incompetency of, or a Bankruptcy Event with respect to, Lammot J. du Pont, the power to appoint a Manager granted to Panda Interests LLC in Section 12.1(l)(a) above shall be null and void and of no further force or effect and Mercer Interests LLC, provided it owns a Company Interest at the time, shall have the sole power to appoint the sole Manager of the Company. Upon the death or adjudication of incompetency of, or a Bankruptcy Event with respect to, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587, the power to appoint a Manager granted to Mercer Interests LLC in Section 12.1(l)(a) above shall be null and void and of no further force or effect and Panda Interests LLC, provided it owns a Company Interest at the time, shall have the sole power to appoint the sole Manager of the Company. If neither Panda Interests LLC nor Mercer Interests LLC owns a Company Interest, the Managers shall be chosen as provided in Section 12.1(a) above.\n(c) Any Manager may resign at any time, provided not less than sixty (60) days\u2019 written notice is given to the other Manager, if any, and the Members of the Company before the effective date of such resignation.", "snippet_links": [{"key": "subject-to-section", "type": "clause", "offset": [4, 22]}, {"key": "the-company-shall", "type": "clause", "offset": [41, 58]}, {"key": "consent-of-members", "type": "clause", "offset": [193, 211]}, {"key": "a-majority", "type": "definition", "offset": [239, 249]}, {"key": "participation-interests", "type": "clause", "offset": [257, 280]}, {"key": "sole-discretion", "type": "definition", "offset": [442, 457]}, {"key": "the-foregoing", "type": "definition", "offset": [629, 642]}, {"key": "powers-of-appointment", "type": "clause", "offset": [643, 664]}, {"key": "granted-to", "type": "definition", "offset": [665, 675]}, {"key": "successor-members", "type": "clause", "offset": [680, 697]}, {"key": "the-company-interests", "type": "clause", "offset": [787, 808]}, {"key": "except-as-expressly-provided", "type": "clause", "offset": [1025, 1053]}, {"key": "in-this-agreement", "type": "definition", "offset": [1054, 1071]}, {"key": "du-pont", "type": "definition", "offset": [1119, 1126]}, {"key": "death-or-adjudication-of-incompetency", "type": "clause", "offset": [1249, 1286]}, {"key": "bankruptcy-event", "type": "clause", "offset": [1296, 1312]}, {"key": "with-respect-to", "type": "clause", "offset": [1313, 1328]}, {"key": "the-rights", "type": "clause", "offset": [1445, 1455]}, {"key": "authority-of-the-managers", "type": "clause", "offset": [1468, 1493]}, {"key": "applicable-law", "type": "definition", "offset": [1533, 1547]}, {"key": "sole-manager", "type": "definition", "offset": [1593, 1605]}, {"key": "amended-and-restated-limited-liability-company-agreement", "type": "definition", "offset": [1691, 1747]}, {"key": "management-llc", "type": "clause", "offset": [1752, 1766]}, {"key": "power-to-appoint", "type": "clause", "offset": [1911, 1927]}, {"key": "null-and-void", "type": "clause", "offset": [2006, 2019]}, {"key": "no-further-force-or-effect", "type": "clause", "offset": [2027, 2053]}, {"key": "at-the-time", "type": "clause", "offset": [2116, 2127]}, {"key": "sole-power", "type": "clause", "offset": [2144, 2154]}, {"key": "manager-may", "type": "definition", "offset": [2752, 2763]}, {"key": "at-any-time", "type": "clause", "offset": [2771, 2782]}, {"key": "written-notice", "type": "clause", "offset": [2824, 2838]}, {"key": "other-manager", "type": "definition", "offset": [2855, 2868]}, {"key": "members-of-the-company", "type": "clause", "offset": [2886, 2908]}, {"key": "date-of", "type": "clause", "offset": [2930, 2937]}], "samples": [{"hash": "cs9EM1iHbX6", "uri": "/contracts/cs9EM1iHbX6#appointment-resignation", "label": "LLC Operating Agreement (Tarantula Ventures LLC)", "score": 21.1998634338, "published": true}], "size": 3, "hash": "a74e46211a561ff83f2ca5667c752ef1", "id": 3}, {"snippet": "The Members hereby appoint the Managing Member as the \"partnership representative\" as provided in Code Section 6223(a) (the \"Tax Matters Representative\"). The Members hereby appoint ____________________[PERSON ACTING AS DESIGNATED INDIVIDUAL] as the sole person authorized to act on behalf of the Tax Matters 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 Tax Matters Representative. The Tax Matters Representative shall resign if it is no longer a Member, and the Designated Individual shall resign if it is no longer a[n] ____________________[EMPLOYEE/OFFICER/OTHER STATUS] of [ENTITY]. In the event of the resignation of the Tax Matters Representative, the Non-Managing Member shall select a replacement. In the event of the resignation or removal of the Designated Individual, the Tax Matters Representative shall select a replacement.", "snippet_links": [{"key": "the-members", "type": "clause", "offset": [0, 11]}, {"key": "the-managing-member", "type": "definition", "offset": [27, 46]}, {"key": "partnership-representative", "type": "definition", "offset": [55, 81]}, {"key": "code-section", "type": "definition", "offset": [98, 110]}, {"key": "tax-matters-representative", "type": "definition", "offset": [125, 151]}, {"key": "designated-individual", "type": "clause", "offset": [220, 241]}, {"key": "authorized-to-act", "type": "clause", "offset": [262, 279]}, {"key": "on-behalf-of", "type": "definition", "offset": [280, 292]}, {"key": "tax-audits-and-proceedings", "type": "clause", "offset": [338, 364]}, {"key": "the-designated", "type": "definition", "offset": [396, 410]}, {"key": "at-any-time", "type": "clause", "offset": [433, 444]}, {"key": "a-member", "type": "definition", "offset": [597, 605]}, {"key": "in-the-event-of", "type": "definition", "offset": [739, 754]}, {"key": "resignation-of-the", "type": "clause", "offset": [759, 777]}, {"key": "the-non", "type": "clause", "offset": [806, 813]}, {"key": "removal-of", "type": "definition", "offset": [893, 903]}], "samples": [{"hash": "EPmnjBpESk", "uri": "/contracts/EPmnjBpESk#appointment-resignation", "label": "LLC Operating Agreement", "score": 27.238193512, "published": true}], "size": 3, "hash": "9c79a5e8314bda72195ed0cf4764eeb5", "id": 4}, {"snippet": "The Members hereby appoint the Manager as the \u201cpartnership representative\u201d as provided in Code Section 6223(a) (the \u201cPartnership Representative\u201d). The Members hereby appoint J\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587 as the sole person authorized to act on behalf of the Partnership Representative in US federal tax audits and proceedings (the \u201cDesignated Individual\u201d). 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.", "snippet_links": [{"key": "the-members", "type": "clause", "offset": [0, 11]}, {"key": "the-manager", "type": "clause", "offset": [27, 38]}, {"key": "partnership-representative", "type": "definition", "offset": [47, 73]}, {"key": "code-section", "type": "definition", "offset": [90, 102]}, {"key": "authorized-to-act", "type": "clause", "offset": [204, 221]}, {"key": "on-behalf-of", "type": "definition", "offset": [222, 234]}, {"key": "tax-audits-and-proceedings", "type": "clause", "offset": [280, 306]}, {"key": "designated-individual", "type": "clause", "offset": [313, 334]}, {"key": "the-designated", "type": "definition", "offset": [338, 352]}, {"key": "at-any-time", "type": "clause", "offset": [375, 386]}, {"key": "by-the-partnership", "type": "clause", "offset": [441, 459]}, {"key": "a-member", "type": "definition", "offset": [597, 605]}, {"key": "in-the-event-of", "type": "definition", "offset": [607, 622]}, {"key": "resignation-of-the", "type": "clause", "offset": [627, 645]}, {"key": "investor-member", "type": "clause", "offset": [678, 693]}, {"key": "removal-of", "type": "definition", "offset": [757, 767]}], "samples": [{"hash": "7Na5nYtRyIr", "uri": "/contracts/7Na5nYtRyIr#appointment-resignation", "label": "Limited Liability Company Agreement (Strategic Wireless Infrastructure Fund Ii, Inc.)", "score": 35.1163597107, "published": true}], "size": 2, "hash": "298a9515a4845abfbff2c55d3f2fe8e8", "id": 5}, {"snippet": "The Members hereby appoint the Managing Member as the \u201cpartnership representative\u201d as provided in Code Section 6223(a) (the \u201cTax Matters Representative\u201d). The Members hereby appoint \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587. \u2587\u2587\u2587\u2587\u2587\u2587\u2587, as a person authorized to act on behalf of the Tax Matters Representative in US federal tax audits and proceedings (the \u201cDesignated Individual\u201d). The Designated Individual may resign at any time. The Designated Individual may be removed at any time by the Tax Matters Representative. In the event of the resignation of the Tax Matters Representative, the Managing Member shall select a replacement. In the event of the resignation or removal of the Designated Individual, the Tax Matters Representative shall select a replacement.", "snippet_links": [{"key": "the-members", "type": "clause", "offset": [0, 11]}, {"key": "the-managing-member", "type": "definition", "offset": [27, 46]}, {"key": "partnership-representative", "type": "definition", "offset": [55, 81]}, {"key": "code-section", "type": "definition", "offset": [98, 110]}, {"key": "tax-matters-representative", "type": "definition", "offset": [125, 151]}, {"key": "a-person", "type": "clause", "offset": [207, 215]}, {"key": "authorized-to-act", "type": "clause", "offset": [216, 233]}, {"key": "on-behalf-of", "type": "definition", "offset": [234, 246]}, {"key": "tax-audits-and-proceedings", "type": "clause", "offset": [292, 318]}, {"key": "designated-individual", "type": "clause", "offset": [325, 346]}, {"key": "the-designated", "type": "definition", "offset": [350, 364]}, {"key": "at-any-time", "type": "clause", "offset": [387, 398]}, {"key": "in-the-event-of", "type": "definition", "offset": [488, 503]}, {"key": "resignation-of-the", "type": "clause", "offset": [508, 526]}, {"key": "removal-of", "type": "definition", "offset": [638, 648]}], "samples": [{"hash": "kUhQ7rOHOGA", "uri": "/contracts/kUhQ7rOHOGA#appointment-resignation", "label": "Limited Liability Company Agreement (Lendway, Inc.)", "score": 36.7125244141, "published": true}], "size": 2, "hash": "767f4099ff75f5d63200a24cdc00e89d", "id": 6}, {"snippet": "Each Lender irrevocably appoints and authorizes Administrative Agent to act on its behalf as Administrative Agent hereunder to take such action as Administrative Agent on its behalf and to exercise such powers under this Agreement as are delegated to Administrative Agent by the terms hereof or thereof, together with all such powers as are reasonably incidental thereto. Neither Administrative Agent nor any of its affiliates nor any of their respective directors, officers, agents or employees shall be liable for any action taken or not taken by it in connection herewith (i) with the consent or at the request of Lenders, or (ii) in the absence of its own gross negligence or willful misconduct. Administrative Agent \u2587\u2587\u2587 resign at any time by giving written notice thereof to \u2587\u2587\u2587\u2587\u2587\u2587\u2587 and \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587. Upon any such resignation, \u2587\u2587\u2587\u2587\u2587\u2587\u2587 shall have the right to appoint a successor Administrative Agent. If no successor Administrative Agent shall have been so appointed by \u2587\u2587\u2587\u2587\u2587\u2587\u2587, or no successor Administrative Agent shall have accepted such appointment, within thirty (30) days after the resigning Administrative Agent gives notice of resignation, then the resigning Administrative Agent may, on behalf of \u2587\u2587\u2587\u2587\u2587\u2587\u2587, appoint a successor Administrative Agent. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder first accruing or arising after the effective date of such retirement. After any retiring Administrative Agent\u2019s resignation hereunder as Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent. \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587 acknowledges and agrees that the provisions of this Section 8.2(a) are intended to govern the relationship among Lenders and Administrative Agent and may be modified or amended without \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2019s consent, written or otherwise, provided such modification or amendment does not increase Borrower\u2019s obligations hereunder. At the option of Administrative Agent, the Loan may be serviced by a servicer/trustee (the \u201cServicer\u201d) selected by Administrative Agent and Administrative Agent may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to the Servicer pursuant to a servicing agreement between Administrative Agent and Servicer. Borrower shall be responsible for any set-up fees or any other initial costs relating to or arising under such servicing agreement, as well as for the payment of any \u201cspecial servicing\u201d, \u201cworkout\u201d, and \u201cliquidation\u201d fees incurred by Administrative Agent in connection with any default or workout of the Loan; provided, however, that Borrower shall not be responsible for payment of the non-special servicing monthly servicing fee due to the Servicer under such servicing agreement.", "snippet_links": [{"key": "each-lender", "type": "clause", "offset": [0, 11]}, {"key": "administrative-agent-to-act", "type": "clause", "offset": [48, 75]}, {"key": "agent-hereunder", "type": "clause", "offset": [108, 123]}, {"key": "to-exercise", "type": "clause", "offset": [186, 197]}, {"key": "this-agreement", "type": "clause", "offset": [216, 230]}, {"key": "administrative-agent-by", "type": "definition", "offset": [251, 274]}, {"key": "the-terms", "type": "definition", "offset": [275, 284]}, {"key": "neither-administrative-agent", "type": "definition", "offset": [372, 400]}, {"key": "employees-shall", "type": "clause", "offset": [486, 501]}, {"key": "action-taken", "type": "definition", "offset": [520, 532]}, {"key": "the-request", "type": "clause", "offset": [602, 613]}, {"key": "gross-negligence-or-willful-misconduct", "type": "definition", "offset": [660, 698]}, {"key": "at-any-time", "type": "clause", "offset": [732, 743]}, {"key": "notice-thereof", "type": "clause", "offset": [762, 776]}, {"key": "right-to-appoint", "type": "clause", "offset": [852, 868]}, {"key": "successor-administrative-agent", "type": "definition", "offset": [871, 901]}, {"key": "no-successor", "type": "clause", "offset": [906, 918]}, {"key": "agent-shall", "type": "definition", "offset": [934, 945]}, {"key": "within-thirty", "type": "clause", "offset": [1056, 1069]}, {"key": "days-after", "type": "definition", "offset": [1075, 1085]}, {"key": "resigning-administrative-agent", "type": "definition", "offset": [1090, 1120]}, {"key": "notice-of-resignation", "type": "clause", "offset": [1127, 1148]}, {"key": "on-behalf-of", "type": "definition", "offset": [1195, 1207]}, {"key": "acceptance-of", "type": "definition", "offset": [1268, 1281]}, {"key": "appointment-as-administrative-agent", "type": "clause", "offset": [1286, 1321]}, {"key": "rights-and-duties-of-the", "type": "clause", "offset": [1463, 1487]}, {"key": "retiring-administrative-agent", "type": "definition", "offset": [1488, 1517]}, {"key": "duties-and-obligations", "type": "clause", "offset": [1586, 1608]}, {"key": "date-of", "type": "clause", "offset": [1665, 1672]}, {"key": "provisions-of-this-article", "type": "clause", "offset": [1783, 1809]}, {"key": "actions-taken", "type": "clause", "offset": [1847, 1860]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [1967, 1993]}, {"key": "lenders-and-administrative-agent", "type": "clause", "offset": [2047, 2079]}, {"key": "modification-or-amendment", "type": "clause", "offset": [2175, 2200]}, {"key": "the-option", "type": "clause", "offset": [2256, 2266]}, {"key": "the-loan", "type": "clause", "offset": [2292, 2300]}, {"key": "its-responsibilities", "type": "clause", "offset": [2449, 2469]}, {"key": "agreement-and-the-other-loan-documents", "type": "clause", "offset": [2481, 2519]}, {"key": "the-servicer", "type": "clause", "offset": [2523, 2535]}, {"key": "pursuant-to-a", "type": "definition", "offset": [2536, 2549]}, {"key": "agreement-between", "type": "clause", "offset": [2560, 2577]}, {"key": "borrower-shall", "type": "clause", "offset": [2613, 2627]}, {"key": "be-responsible", "type": "clause", "offset": [2628, 2642]}, {"key": "up-fees", "type": "definition", "offset": [2655, 2662]}, {"key": "initial-costs", "type": "clause", "offset": [2676, 2689]}, {"key": "relating-to", "type": "definition", "offset": [2690, 2701]}, {"key": "the-payment", "type": "clause", "offset": [2760, 2771]}, {"key": "special-servicing", "type": "definition", "offset": [2780, 2797]}, {"key": "in-connection-with", "type": "clause", "offset": [2867, 2885]}, {"key": "the-non", "type": "clause", "offset": [2995, 3002]}, {"key": "monthly-servicing-fee", "type": "clause", "offset": [3021, 3042]}], "samples": [{"hash": "i2NefMwnYML", "uri": "/contracts/i2NefMwnYML#appointment-resignation", "label": "Loan Agreement (Nexpoint Diversified Real Estate Trust)", "score": 35.6036949158, "published": true}], "size": 1, "hash": "90af87e643ba68583a5aaf2c81a04ddf", "id": 7}, {"snippet": "The Members hereby appoint Sugarmade as the \u201ctax matters partner\u201d (as defined in Code Section 671 prior to its amendment by the Bipartisan Budget Act of 2015 (\u201cBBA\u201d)) (the \u201cTax Matters Member\u201d) and, for tax years beginning on or after January 1, 2018, the \u201cpartnership representative\u201d (the \u201cPartnership Representative\u201d) as provided in Code Section 627(a) (as amended by the BBA). The Tax Matters Member or Partnership Representative may resign at any time if there is another Member to act as the Tax Matters Member or Partnership Representative. The Tax Matters Member or Partnership Representative can be removed at any time by a vote of a majority of the other Members and shall resign if it is no longer a Member. In the event of the resignation or removal of the Tax Matters Member or Partnership Representative, a majority of the other Members shall select a replacement Tax Matters Member or Partnership Representative. If the resignation or removal of the Partnership Representative occurs prior to the effectiveness of the resignation or removal under applicable Treasury Regulations or other administrative guidance, the resignation or removal shall be effective upon the earliest date provided for in such Treasury Regulations or administrative guidance.", "snippet_links": [{"key": "the-members", "type": "clause", "offset": [0, 11]}, {"key": "tax-matters-partner", "type": "clause", "offset": [45, 64]}, {"key": "code-section", "type": "definition", "offset": [81, 93]}, {"key": "bipartisan-budget-act-of-2015", "type": "definition", "offset": [128, 157]}, {"key": "tax-matters-member", "type": "definition", "offset": [173, 191]}, {"key": "beginning-on", "type": "clause", "offset": [213, 225]}, {"key": "after-january", "type": "clause", "offset": [229, 242]}, {"key": "partnership-representative", "type": "definition", "offset": [257, 283]}, {"key": "as-amended", "type": "definition", "offset": [356, 366]}, {"key": "at-any-time", "type": "clause", "offset": [444, 455]}, {"key": "to-act", "type": "definition", "offset": [483, 489]}, {"key": "a-vote", "type": "definition", "offset": [630, 636]}, {"key": "a-majority", "type": "definition", "offset": [640, 650]}, {"key": "other-members", "type": "definition", "offset": [658, 671]}, {"key": "a-member", "type": "definition", "offset": [708, 716]}, {"key": "in-the-event-of", "type": "definition", "offset": [718, 733]}, {"key": "removal-of", "type": "definition", "offset": [753, 763]}, {"key": "replacement-tax", "type": "definition", "offset": [865, 880]}, {"key": "the-partnership", "type": "definition", "offset": [960, 975]}, {"key": "prior-to-the", "type": "clause", "offset": [998, 1010]}, {"key": "effectiveness-of-the", "type": "clause", "offset": [1011, 1031]}, {"key": "applicable-treasury-regulations", "type": "definition", "offset": [1061, 1092]}, {"key": "administrative-guidance", "type": "definition", "offset": [1102, 1125]}, {"key": "effective-upon", "type": "clause", "offset": [1163, 1177]}], "samples": [{"hash": "jgBzSsAWr68", "uri": "/contracts/jgBzSsAWr68#appointment-resignation", "label": "Operating Agreement (Sugarmade, Inc.)", "score": 32.6632461548, "published": true}], "size": 1, "hash": "668765bf415985bbfd4c93018255369a", "id": 8}, {"snippet": "\u2587\u2587\u2587\u2587 \u2587\u2587 shall be designated as the \u201cpartnership representative\u201d (the \u201cPartnership Representative\u201d) as provided in Code Section 6223(a) (as amended by the Bipartisan Budget Act of 2015 (\u201cBBA\u201d)). The Partnership Representative may resign at any time if there is another Member to act as the Partnership Representative. The Partnership Representative can be removed at any time by the affirmative Vote of a majority of the other Members, and shall resign if it is no longer a Member. In the event of the resignation or removal of the Partnership Representative, a majority of the other Members shall select a replacement Partnership Representative.", "snippet_links": [{"key": "partnership-representative", "type": "definition", "offset": [36, 62]}, {"key": "code-section", "type": "definition", "offset": [114, 126]}, {"key": "as-amended", "type": "definition", "offset": [136, 146]}, {"key": "bipartisan-budget-act-of-2015", "type": "definition", "offset": [154, 183]}, {"key": "the-partnership", "type": "definition", "offset": [194, 209]}, {"key": "at-any-time", "type": "clause", "offset": [236, 247]}, {"key": "to-act", "type": "definition", "offset": [275, 281]}, {"key": "affirmative-vote", "type": "definition", "offset": [382, 398]}, {"key": "a-majority", "type": "definition", "offset": [402, 412]}, {"key": "other-members", "type": "definition", "offset": [420, 433]}, {"key": "a-member", "type": "definition", "offset": [471, 479]}, {"key": "in-the-event-of", "type": "definition", "offset": [481, 496]}, {"key": "removal-of", "type": "definition", "offset": [516, 526]}], "samples": [{"hash": "1AmvDEIsXao", "uri": "/contracts/1AmvDEIsXao#appointment-resignation", "label": "Limited Liability Company Agreement (Collab Z Inc.)", "score": 37.1560592651, "published": true}], "size": 1, "hash": "99591fb8653853a65cc4297787c7ae4c", "id": 9}, {"snippet": "\u2587\u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587\u2587\u2587\u2587\u2587, or such other natural person as the Manager may designate from time to time, is hereby designated as the \u201cpartnership representative\u201d as provided in Section 6223(a) of the Code (the \u201cTax Matters Representative\u201d). The Tax Matters Representative can be removed at any time by a vote of Members holding a majority of the Membership Interests of the Company, and shall resign if it is no longer a Member. In the event of the resignation or removal of the Tax Matters Representative, the holders of a majority of the Membership Interests of the Company shall appoint a new Tax Matters Representative.", "snippet_links": [{"key": "natural-person", "type": "clause", "offset": [31, 45]}, {"key": "manager-may", "type": "definition", "offset": [53, 64]}, {"key": "from-time-to-time", "type": "clause", "offset": [75, 92]}, {"key": "partnership-representative", "type": "definition", "offset": [123, 149]}, {"key": "the-code", "type": "clause", "offset": [185, 193]}, {"key": "tax-matters-representative", "type": "definition", "offset": [200, 226]}, {"key": "at-any-time", "type": "clause", "offset": [276, 287]}, {"key": "members-holding", "type": "clause", "offset": [301, 316]}, {"key": "a-majority", "type": "definition", "offset": [317, 327]}, {"key": "membership-interests-of-the-company", "type": "clause", "offset": [335, 370]}, {"key": "a-member", "type": "definition", "offset": [408, 416]}, {"key": "in-the-event-of", "type": "definition", "offset": [418, 433]}, {"key": "removal-of", "type": "definition", "offset": [453, 463]}, {"key": "holders-of", "type": "clause", "offset": [500, 510]}, {"key": "the-company-shall", "type": "clause", "offset": [553, 570]}, {"key": "new-tax", "type": "definition", "offset": [581, 588]}], "samples": [{"hash": "a5rRpsRTADt", "uri": "/contracts/a5rRpsRTADt#appointment-resignation", "label": "Limited Liability Company Agreement (Creatd, Inc.)", "score": 32.4387397766, "published": true}], "size": 1, "hash": "61647dd332ac513d63abe7729ebe151c", "id": 10}], "next_curs": "CmASWmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjwLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IiBhcHBvaW50bWVudC1yZXNpZ25hdGlvbiMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"parents": [["tax-matters-representative", "Tax Matters Representative"], ["partnership-representative", "Partnership Representative"], ["reports-accounting-and-tax-matters", "Reports Accounting and Tax Matters"], ["accounting-and-tax-matters", "Accounting and Tax Matters"], ["general-provisions", "General Provisions"]], "children": [], "title": "Appointment; Resignation", "size": 28, "id": "appointment-resignation", "related": [["appointment-of-director", "Appointment of Director", "Appointment of Director"], ["appointment-of-ftis", "Appointment of FTIS", "Appointment of FTIS"], ["appointment-of-asset-manager-acceptance-of-appointment", "Appointment of Asset Manager; Acceptance of Appointment", "Appointment of Asset Manager; Acceptance of Appointment"], ["appointment-of-servicer-acceptance-of-appointment", "Appointment of Servicer; Acceptance of Appointment", "Appointment of Servicer; Acceptance of Appointment"], ["resignation-of-agents", "Resignation of Agents", "Resignation of Agents"]], "related_snippets": [], "updated": "2026-07-16T05:40:14+00:00"}, "json": true, "cursor": ""}}