Common use of Removal of Manager Clause in Contracts

Removal of Manager. The Manager may resign at any time, or may be removed at any time by a vote of the Members holding the Required Interest. Upon such removal or resignation, a new Manager shall be designated by a vote of the Members holding the Required Interest. Other than as set forth in this Section 5.5, the Manager may not be removed.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Boise White Paper Sales Corp.), Operating Agreement (Boise White Paper Sales Corp.), Operating Agreement (Boise White Paper Sales Corp.)

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Removal of Manager. The Manager may resign be removed or replaced at any time, with or may be removed at any time without cause, by a vote of the Members holding the Required InterestRequisite Members. Upon Following such removal or resignationreplacement, a new successor Manager shall be designated elected by a vote the Requisite Members. The removal of the Members holding the Required Interest. Other than Manager shall not affect its rights as set forth in this Section 5.5, the Manager may a Member and shall not be removedconstitute a dissociation of such Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Viroment Capital, LLC), Limited Liability Company Agreement

Removal of Manager. The A Manager may resign at any time, or may be removed at any time by the Member, for any reason or no reason, and be replaced by a vote successor manager to be chosen by the Member in its sole discretion. For any period of time in which there shall be no manager of the Members holding Company, the Required Interest. Upon such removal or resignation, a new Manager Member shall be designated by a vote possess all of the Members holding the Required Interest. Other than as powers set forth in this Section 5.5, the Manager may not be removed7 hereof.

Appears in 1 contract

Samples: Operating Agreement (Inertia Dynamics, LLC)

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Removal of Manager. The Manager may resign at any time, or may be removed at any time by a vote of the Members holding the Required Interest. Upon such removal or resignation, a new Manager shall be designated by a vote of the Members holding the Required Interest. Other than as set forth in this Section 5.5, . the Manager may not be removed.

Appears in 1 contract

Samples: Operating Agreement (Stack Rock Capital, L.L.C.)

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