Common use of Manager Resignation Clause in Contracts

Manager Resignation. No resignation of the Manager from its obligations hereunder shall, to the extent consistent with applicable law, become effective until a Replacement Manager has assumed the responsibilities of the resigning Manager in accordance with the terms of this Agreement.

Appears in 3 contracts

Sources: Management Agreement (Textainer Group Holdings LTD), Management Agreement (Textainer Group Holdings LTD), Management Agreement (Textainer Group Holdings LTD)