Removal of Reclamation Trust Funds Operating Agent Sample Clauses

Removal of Reclamation Trust Funds Operating Agent. The Reclamation Trust Funds Operating Agent may be removed by the Parties, if, in the judgment of the Parties, their best interests require such removal. Any Party seeking the removal of the Reclamation Trust Funds Operating Agent will serve a notice on the Reclamation Trust Funds Operating Agent and on each of the Parties, detailing the reasons why, in the judgment of the initiating Party, the Reclamation Trust Funds Operating Agent should be removed. Within thirty (30) days after receipt by the Reclamation Trust Funds Operating Agent of this written statement, the Reclamation Trust Funds Operating Agent will prepare and serve upon the Parties its response, which will contain a detailed rebuttal of the allegations made in the initiating statement. Within the same thirty (30) day period, any other Party may also serve upon the Reclamation Trust Funds Operating Agent and the Parties a statement responding to the allegations in the initiating statement. Within twenty (20) days after service of all such response statements, the Parties will meet to consider what actions, if any, to take in regard to the removal of the Reclamation Trust Funds Operating Agent. The Reclamation Trust Funds Operating Agent may be removed by the vote of more than a sixty-six and two thirds percent (66 2/3%) majority of the Pre-2017YE Reclamation Shares of the Parties and more than a sixty-six and two thirds percent (66 2/3%) majority of the number of individual Parties; provided, however, that a Party that is the Reclamation Trust Funds Operating Agent will not be entitled to vote on the issue of its own removal, and the requisite voting percentages will be based upon the number of eligible voting Parties other than the Reclamation Trust Funds Operating Agent and their respective Reclamation Shares. If the Reclamation Trust Funds Operating Agent is removed by vote of the Parties, the Reclamation Oversight Committee will convene promptly to address the selection of a replacement Reclamation Trust Funds Operating Agent which may, but need not, be a Party.