Common use of Removal; Replacement Clause in Contracts

Removal; Replacement. Any director or the entire Board of Directors may be removed, with or without cause by the Member. If a director dies, resigns or is removed, such director’s replacement shall be selected by the Member.

Appears in 15 contracts

Sources: Limited Liability Company Agreement (Martinez Terminal Co LLC), Limited Liability Company Agreement (Martinez Terminal Co LLC), Limited Liability Company Agreement (Martinez Terminal Co LLC)

Removal; Replacement. Any director or the entire Board of Directors may be removed, with or without cause by the Member. If a director dies, resigns or is removed, such director’s 's replacement shall be selected by the Member.

Appears in 1 contract

Sources: Limited Liability Company Agreement (PBF Finance Corp)

Removal; Replacement. Any director or the entire Board of Directors may be removed, with or without cause by the MemberMember or Members holding a majority of the Membership Interests of the company. If a director dies, resigns or is removed, such director’s replacement shall be selected by the MemberMember or Members holding a majority of the Membership Interests of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Torrance Refining Co LLC)

Removal; Replacement. Any director or the entire Board of Directors may be removed, with or without cause by the MemberMember or Members holding a majority of the Membership Interests of the Company. If a director dies, resigns or is removed, such director’s 's replacement shall be selected by the MemberMember or Members holding a majority of the Membership Interests of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (PBF Finance Corp)