Common use of Removals Clause in Contracts

Removals. Any Manager or the entire Board of Managers may be removed, with or without cause, and another person or persons may be elected to serve for the remainder of his or their term by a Majority Interest. In case any vacancy so created shall not be filled by the Members, such vacancy may be filled by the remaining Managers as provided in Section 5.2(d).

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp)

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Removals. Any Manager or the entire Board of Managers may be removed, with or without cause, and another person or persons may be elected to serve for the remainder of his or their term by a Majority Interest. In case any vacancy so created shall not be filled by the Members, such vacancy may be filled by the remaining Managers as provided in Section 5.2(d).. -----------------

Appears in 1 contract

Samples: Limited Liability Company Agreement (Penn Octane Corp)

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