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: Operating Agreement (Boise Building Solutions Manufacturing Holdings Corp.), Operating Agreement (Boise White Paper Sales Corp.), Operating Agreement (Boise Building Solutions Manufacturing Holdings Corp.)
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, Limited Liability Company Agreement (Viroment Capital, LLC)
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.
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