Removal of Managers. (a) Subject to Section 4.01, the Member may remove any Manager with or without cause at any time.
Appears in 34 contracts
Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (Consumers Energy Co), Limited Liability Company Agreement (Duke Energy Progress NC Storm Funding LLC)
Removal of Managers. (a) Subject to Section 4.01, the Member may remove any (i) Manager (other than an Independent Manager) with or without cause at any time, and (ii) Independent Manager with Cause at any time.
Appears in 20 contracts
Samples: Limited Liability Company Agreement (PG&E Recovery Funding LLC), Limited Liability Company Agreement (DTE Electric Securitization Funding II LLC), Limited Liability Company Agreement (PACIFIC GAS & ELECTRIC Co)
Removal of Managers. (a) Subject Any Manager may be removed, either for or without cause, by the Member who appointed him or her pursuant to Section 4.01, the Member may remove any Manager with or without cause at any time4.3 hereof.
Appears in 8 contracts
Samples: Operating Agreement (Claymore MACROshares Oil Up Holding Trust), Operating Agreement (Claymore MACROshares Oil Down Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC)
Removal of Managers. (a) Subject to Section 4.014.01 and 7.05, the Member may remove any Manager with or without cause at any time, whether at a meeting called expressly for that purpose or by any other method allowed for Member action.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC), Limited Liability Company Operating Agreement (Cleco Power LLC), Limited Liability Company Operating Agreement (Cleco Power LLC)
Removal of Managers. (a) Subject Any Manager may be removed, either for or without cause, by the Member who appointed him or her pursuant to Section 4.01, the Member may remove any Manager with or without cause at any time4.2 hereof.
Appears in 2 contracts
Samples: Operating Agreement (MacroShares Housing Depositor, LLC), Operating Agreement (MacroShares $100 Oil Up Trust)
Removal of Managers. (a) Subject to Section 4.01, the Member may remove any Manager with or without cause at any time, whether at a meeting called expressly for that purpose or by any other method allowed for Member action.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Limited Liability Company Operating Agreement (Entergy New Orleans Inc)
Removal of Managers. (a) Subject to Section 4.01, the 4.01,the Member may remove any Manager with or without cause at any time.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Oncor Electric Delivery Transition Bond Co LLC), Limited Liability Company Agreement (Oncor Electric Delivery Transition Bond Co LLC)
Removal of Managers. (a) Subject to Section 4.01Sections 4.01 and 7.01, the Member may remove any Manager with or without cause at any time.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (RSB Bondco LLC), Limited Liability Company Agreement (RSB Bondco LLC)
