Common use of Election and Tenure of Office Clause in Contracts

Election and Tenure of Office. Each Manager shall hold office until the expiration of the term for which appointed by the Member and until a successor is designated and qualified or until such Manager’s death, resignation or removal.

Appears in 60 contracts

Samples: Limited Liability Company Agreement (Honda Auto Receivables 2014-3 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2010-3 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2013-2 Owner Trust)

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Election and Tenure of Office. Each Manager shall hold office until the expiration of the term for which appointed by the Member and until a successor is designated and qualified or until such Manager’s 's death, resignation or removal.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Toyota Auto Finance Receivables LLC), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan Auto Lease Trust 2003-A)

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