Removal of Manager. At any time there is more than one Member, the Members, at any time and from time to time and for any reason, by action of Members holding in the aggregate 51% of the total Percentage Interests, may remove the Manager then acting and elect a new Manager.
Appears in 8 contracts
Samples: Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP), LLC Operating Agreement (National Credit & Guaranty CORP)
Removal of Manager. At any time there is more than one Member, the The Members, at any time and from time to time and for any reason, by action of Members holding in the aggregate 51% of the total Percentage Interests, may remove the Manager then acting and elect a new Manager.
Appears in 6 contracts
Samples: Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP)
Removal of Manager. At any time there is more than one Member, the The Members, at any time and from time to time and for any reason, by action of Members holding in the aggregate 51% of the total Percentage Interests, may remove the any Manager then acting and elect a new Manager. No action to remove a Manager may be taken without the approval of seventy-five percent (75%) of the Members.
Appears in 4 contracts
Samples: Operating Agreement (Cinergy Corp), Operating Agreement (Cinergy Corp), Limited Liability Company Agreement (Cinergy Corp)
Removal of Manager. At any time there is more than one Member, the The Members, at any time and from time to time and for any reason, by action of Members holding in the aggregate 51% of the total Percentage Interests, may remove the Manager then acting and elect a new Manager.
Appears in 1 contract
Samples: Operating Agreement (National Credit & Guaranty CORP)
Removal of Manager. At any time there is more than one Member, the The Members, at any time and from time to time and for any reason, may by action of Members holding in the aggregate 51% of the total Percentage Interests, may remove the Manager then acting and elect a new Manager.
Appears in 1 contract
Samples: Operating Agreement (National Credit & Guaranty CORP)
