Common use of Removal, Resignation and Vacancies Clause in Contracts

Removal, Resignation and Vacancies. The Member may remove any Manager, either with or without cause. If any Person elected to serve as a Manager is found to be an Unsuitable Person, the Member shall immediately remove such Person as a Manager and such Person shall thereupon automatically cease to be a Manager. Any Manager may resign at any time by giving written notice to the remaining Managers or, if no remaining Manager, to the Member. Any such resignation shall take effect on the date of the receipt of such notice or at any later time specified therein; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. The Member may fill any vacancy in the office of any Manager or any vacancy caused by an increase in the number of Managers and such Manager shall hold the office until he, she or it resigns or is removed or is otherwise disqualified to serve.

Removal, Resignation and Vacancies. The Except to the extent otherwise expressly provided for in a separate written instrument, a Member Majority may remove any Manager, Manager either with or without cause. If , and any Person elected to serve as a Manager is found to be an Unsuitable Person, the Member shall immediately remove such Person as a Manager and such Person shall thereupon automatically cease to be a Manager. Any Manager may resign at any time by giving written notice to the remaining Managers or, if no remaining Manager, to the MemberMembers. Any such resignation shall take effect on the date of the receipt of such notice or at any later time specified therein; and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Notwithstanding any later effective date set forth in such notice, the Member Majority may elect to treat the resignation as effective immediately upon receipt. The Member Members may fill any vacancy in the office of any Manager or any vacancy caused and shall do so if there is no remaining Manager by an increase in the number appointment by a Member Majority of Managers and a successor Manager, who shall hold office until such Manager shall hold the office until he, she or it resigns or is removed or is otherwise disqualified to serve.