Common use of Removal of Director Clause in Contracts

Removal of Director. A Director (including the Independent Director) may be removed at any time, with or without cause, upon the written election of the Sole Member.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Cl&p Funding LLC), Limited Liability Company Agreement (PSNH Funding LLC), Limited Liability Company Agreement (PSNH Funding LLC 2)

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Removal of Director. A Subject to Section 6.1, a Director (including the an Independent Director) may be removed or replaced at any time, with or without cause, upon the written election of the Sole Member.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Limited Liability Company Agreement (FirstEnergy Ohio PIRB Special Purpose Trust 2013), Limited Liability Company Agreement (OE Funding LLC)

Removal of Director. A Director (including the an Independent Director) may be removed at any time, with or without cause, upon the written election of the Sole Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (BEC Funding II, LLC), Limited Liability Company Agreement (BEC Funding II, LLC)

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Removal of Director. A Director (including the an Independent Director) may be removed at any time, with or without cause, upon the written election of the Sole Member; provided, however, that there shall, at all times, be at least one (1) independent director.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Northeast Utilities System)

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