Removal of Member a. A Member may be involuntarily removed from the LLC only under either of the following circumstances: (1) the Member is required to provide services to the LLC (as reflected in this agreement), said Member is not substantially performing the promised services, and a Supermajority in interest of LLC Members vote for removal or (2) the Member has defaulted upon its obligations under this agreement to make capital contributions (or loans) to the LLC.
Removal of Member. Upon the unanimous vote of all other Members, a Member may be removed as a Member for any reason whatsoever. Upon notifying such Member of such removal in writing, the Company shall have ninety (90) days to remit to the removed Member cash equal to such Member’s Allocable Ownership as payment for such Member’s Membership Interest.
Removal of Member. In the event a Member assigns all of its Economic Interest upon the sole determination by the other Member, the Company may purchase from such Member and the Member shall transfer to the Company for the consideration of $100, all of the Member's remaining rights in the Company, and the assigning Member shall cease to be a Member. Each Member acknowledges and agrees that the right of the Company to purchase such remaining rights and interest from a Member who transfers a Membership Interest in violation of this Section 10 is not unreasonable under the circumstances existing as of the date hereof. No such purchase by the Company of the remaining rights and interest of the Member shall operate to make a Member's assignee a Substituted Member. An Economic Interest Owner shall only become a Substituted Member in accordance with Section 10.3.3.
Removal of Member. Any Member may be removed from the SCPSC for good cause, including but not limited to, failure to pay assessed fees, contributions or charges, failure to maintain training standards, failure to keep the SYSTEMS secure, and/or improper release of information. Such removal can be effectuated only upon a supermajority vote (at least 2/3) of the Board of Directors after providing the affected Member with at least 30 days written notice of the intended removal and an opportunity to be heard. A Member removed from the SCPSC shall be subject to the financial obligations set forth in Sub-sections (i) through (iv) of Section 13(a).
Removal of Member. A member of the Committee shall cease to be such ----------------- upon his death, resignation, removal by the Company or being declared legally incompetent. Any member of the Committee may resign, and such resignation shall become effective upon delivery of his written notice of resignation to the Company and to each other member of the Committee then acting. The Company may remove any or all of the members of the Committee, with or without cause, by delivery to the affected member or members, with copies to each other member then acting of an instrument executed by the Company evidencing such action.
Removal of Member a. A Member may be involuntarily removed from the PLLC only under either ofthe . following circumstances: (1) the Member is required to provide services to the PLLC (as reflected in this agreement), said Member (“Offending Member”) is not substantially performing the promised services, and a vote in interest all PLLC Members except the offending Member vote for removal or (2) the Member has defaulted upon its obligations under this agreement to make capital contributions (or loans) to the PLLC.
Removal of Member. Removal of an Active or Provisional Member means that such Member becomes an Inactive Member and all such Member’s activities on behalf of the Company shall be suspended.
Removal of Member a. A Member may be involuntarily removed from the LLC only under either of the following circumstances: (1) the Member is required to provide services to the LLC (as reflected in Attachments to this agreement), said Member is not substantially performing the promised services, and a Supermajority in interest of LLC Members have voted affirmatively for removal or (2) the Member has defaulted upon its obligations under this agreement to make capital contributions (or loans) to the LLC or (3) for moral perpitude, which includes but is not limited to the Member being convicted of a felony in a bona fide court of law, or the other members, by Supermajority Vote, determine that the member’s actions and behaviors are such that the Member’s continued involvement will be deleterious to the LLC.
Removal of Member. A Member may be involuntarily removed from the LLC only under either ofthe following circumstances': (1) the Member is required to provide services to the LLC (as reflected in this agreement), said Member (“Offending Member”) is not substantially performing the promised services, and a. vote in interest all LLC Members except the offending Member vote for removal or (2) the Member has defaulted upon its obligations under this agreement to make capital contributions (or loans) to the LLC. . In the case of a removal for failure to perform required services, 60 days prior to any vote to remove, the other LLC Members shall cause a notice to be issued to the Member in question stating that they shall bring to a vote of the LLC Members a motion to remove said Member within 60 days for unsatisfactory performance of required services and detail specific instances or tasks that were allegedly not satisfactorily performed. The other LLC Members shall then give the Member in question a good faith opportunity to cure the deficiencies in performance of services prior to the vote of removal. The period of this good faith opportunity to cure need not extend beyond 60 days. If the Member in question completes a cure within 60 days of receiving the aforementioned notice, then the motion pending before the LLC Members for removal shall be withdrawn. . In the case of a removal for failure to make required capital contributions, 30 days prior to any vote to remove, the other LLC Members shall cause a notice to be issued to the Member in question stating that they shall bring to a vote ofthe LLC Members a motion to remove said Member within 30 days for non-payment of required capital contributions. The Member in question shall then have 30 days within which to cure the default which shall consist of making all required capital contributions plus 7% per annum interest (compounded annually) upon the amount of any deficiency computed from die date said contribution was due to be made to the LLC. If the Member in question completes this cure within 30 days of receiving the aforementioned notice, then the motion pending before the LLC Members for removal shall be withdrawn and the Member in question shall, henceforth, be consider in good standing. If, however* the 30 day cure period expires and the Member in question fails to make a required capital contribution plus interest oh the deficiency, then this Member shall be barred from voting on the motion for removal. . If, after comp...
Removal of Member. A Board member may be removed from office in accordance with the by-laws and governing rules of the Member Jurisdiction that appointed the Board Member.
