Resignation of Manager. A Manager other than an Independent Manager may resign as a Manager at any time by thirty (30) days’ prior notice to the Member. An Independent Manager may not withdraw or resign as a Manager of the Company without the consent of the Member. No resignation or removal of an Independent Manager, and no appointment of a successor Independent Manager, shall be effective until such successor (i) shall have accepted his or her appointment as an Independent Manager by a written instrument, which may be a counterpart signature page to the Management Agreement in the form attached hereto as Exhibit A, and (ii) shall have executed a counterpart to this Agreement.
Resignation of Manager. A Manager may resign at any time by delivering written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.
Resignation of Manager. Notwithstanding anything to the contrary contained herein, the Manager may resign at any time for any reason or for no reason and, in the event of such resignation, the Investor Member shall promptly designate another Affiliate of the Investor Member to act as manager of the Company.
Resignation of Manager. The Manager shall not have the right to resign as the Manager of the Company without the approval of the Company. Upon such approval, the Company shall designate a successor Manager.
Resignation of Manager. The Manager may resign from the Company provided, however, that the resignation shall not be effective until the earlier of the appointment of a replacement Manager by a Super Majority or 120 days following the date that Manager gave written notice to the Members of its resignation. Failure of a Super Majority to designate and admit a new Manager within said 120 days shall dissolve the Company, in accordance with the provisions of Article 12 of this Agreement. The resigning Manager shall not be liable for any debts, obligations or other responsibilities of the Company or this Agreement arising after the effective date of the resignation.
Resignation of Manager. Officers And Members Of Members' Council; Removal of Manager. . . . . . . . . . . . . . . . . . 6 5.5 Determination By The Manager. . . . . . . . . . . . . . . . . 6 5.6 Restrictions On The Members. . . . . . . . . . . . . . . . . . 7 5.7 Manager's And Officers' Standard Of Care . . . . . . . . . . . 7 5.8 No Exclusive Duty To Company . . . . . . . . . . . . . . . . . 7 5.9 Indemnity Of The Manager And Officers. . . . . . . . . . . . . 7 Article VI Capital Accounts; Capital Commitment . . . . . . . . . . . . . 8
Resignation of Manager. 20 SECTION 7.06 Vacancies....................................................20 SECTION 7.07 Meetings of the Managers.....................................20 SECTION 7.08
Resignation of Manager. The Manager may resign upon at least sixty (60) days prior written notice to the Members (unless notice is waived by them).
Resignation of Manager. (a) No resignation of the Manager shall take effect unless he has previously given not less than three (3) months’ notice in writing of his intention to resign :-
Resignation of Manager. The Class A Member may voluntarily resign as the Manager. Upon such resignation, the Class B Member shall either assume the role of the Manager or appoint another Person (who may be an Affiliate of the Class B Member) to manage the operations of the Company. The resignation of the Manager shall not affect its rights as a Member and shall not constitute a withdrawal of a Member.
