Removal Resignation. (a) A Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request of the Member that designated the applicable Manager. (b) A Manager may resign at any time from the Board by delivering his written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Appears in 8 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Solar Senior Capital Ltd.)
Removal Resignation. (a) A Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request action of Members holding at least 80% of the Member that designated votes eligible to be cast by the applicable Managerthen-outstanding Voting Units.
(b) A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)
Removal Resignation. (a) A Manager may be removed or replaced at any time from the Board, with or without causecase, upon, and only upon, the written request of the Member that designated who appointed the applicable Manager.
(b) Manager who is to be removed or replaced. A Manager may resign at any time from the Board by delivering his written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective. The vacancy in the Board caused by such resignation shall be filled in accordance with Section 7.4.
Appears in 2 contracts
Sources: Operating Agreement (Biotech Co LLC), Operating Agreement (Bioceres Group PLC)
Removal Resignation. (a) 8.3.1 A Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request of the Member that designated designating such individual to serve on the applicable ManagerBoard.
(b) 8.3.2 A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Appears in 2 contracts
Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Forterra, Inc.)
Removal Resignation. (a) A Manager may be removed or replaced at any time from the Boardtime, with or without cause, upon, and only upon, by the written request of the Member that designated the applicable Manager.
(b) Voting Member. A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Bellring Brands, Inc.), Limited Liability Company Agreement (Bellring Brands, Inc.)
Removal Resignation. (a) A Common Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request of the Member that designated holders of at least 60.0% of the applicable ManagerCommon Units. The Chief Executive Officer may be removed in the same manner as any other Officer of the Company, in accordance with Section 8.09.
(b) A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Liquid Holdings Group LLC)
Removal Resignation. (a) A Designated Manager or an Alternate may be removed or replaced at any time be replaced or removed from the Board, with or without cause, upon, and only upon, written notice by the written request applicable Appointing Member to the Board. The Chief Executive Officer may be removed in the same manner as any other Officer of the Member that designated the applicable ManagerCompany, in accordance with Section 6.10.
(b) A Manager or an Alternate may resign at any time from the Board by delivering his their written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Village Farms International, Inc.)
Removal Resignation. (a) A Manager may be removed or replaced at any time from the BoardBoard , with or without cause, upon, and only upon, the written request of the Member Class A Majority Unitholders, provided that designated the applicable ManagerInitial Class A Managers shall solely be removed or replaced for Cause or by resignation in accordance with Section 8.03(b). The Chief Executive Officer may be removed in the same manner as any other Officer of the Company, in accordance with Section 8.09.
(b) A Manager may resign at any time from the Board by delivering his written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s 's acceptance of a resignation shall not be necessary to make it effective.
Appears in 1 contract
Removal Resignation. (a) The Member(s) holding a majority of the Class A Manager Units may be removed remove any or replaced all of the Managers at any time from the Boardand for any reason, with or without cause, upon, and only upon, the written request of the Member that designated the applicable Manager.
(b) A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.
Appears in 1 contract
Sources: Operating Agreement (Verb Technology Company, Inc.)