Common use of Resignation or Removal Clause in Contracts

Resignation or Removal. (a) Any Director may resign at any time by giving notice of such Director’s resignation in writing or by electronic transmission to the Chairman of the Board of Directors or the Secretary of the Board of Directors. Any such resignation shall take effect at the time specified therein, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (KKR Infrastructure Conglomerate LLC), Limited Liability Company Agreement (KKR Infrastructure Conglomerate LLC), Limited Liability Company Agreement (KKR Infrastructure Conglomerate LLC)

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Resignation or Removal. (a) Any Director may resign at any time by giving upon written notice of such Director’s resignation in writing or by electronic transmission to the Chairman Board or any Director or Officer of the Board of Directors or the Secretary of the Board of DirectorsCompany. Any such Such resignation shall take effect at the time specified thereinin such written notice, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless and unless otherwise specified therein, the no acceptance of such resignation shall not be necessary to make it effective. Any Director or the entire Board may be removed at any time, with or without cause, by the Member designating such Director; provided, that the Class A Directors shall be removed immediately upon a Cheniere Separation Event without any further action by the Members. Vacancies in the Board caused by any such resignation or removal shall be filled in accordance with Section 6.09.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC), Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

Resignation or Removal. (a) Any Director may resign at any time by giving written notice of such Director’s resignation in writing or by electronic transmission to the Chairman of the Board of Directors or the Secretary of the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified in the notice. Any such resignation shall take effect at the time specified thereinDirector, or if the time when it shall become effective shall not entire Board of Directors, may be specified thereinremoved from office at any time, then it shall take effect immediately upon its receipt with or without cause, only by the Company. Unless otherwise specified thereinaffirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XI, for the acceptance purpose of such resignation shall not be necessary to make it effectivethe proposed removal (excluding any Shares of any Director being considered for removal) without the necessity for concurrence by the Board of Directors.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)

Resignation or Removal. (a) Any Director may resign at any time by giving written notice of such Director’s resignation in writing or by electronic transmission to the Chairman of the Board of Directors or the Secretary of the Board of Directors, effective upon execution and delivery to the Company of such written notice or upon any future date specified in the notice. Any such resignation shall take effect at the time specified thereinDirector, or if the time when it shall become effective shall not entire Board of Directors, may be specified thereinremoved from office at any time, then it shall take effect immediately upon its receipt with or without cause, by the Company. Unless otherwise specified thereinaffirmative vote of a majority of the votes entitled to be cast at a meeting called, pursuant to Article XII, for the acceptance purpose of such resignation shall not be necessary to make it effectivethe proposed removal (excluding any Shares or Percentage Interest of any affiliated Director being removed) without the necessity for concurrence by the Directors.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)

Resignation or Removal. (a) Any Director may resign at any time by giving upon written notice of such Director’s resignation in writing or by electronic transmission to the Chairman Board or any Director or Officer of the Board of Directors or the Secretary of the Board of DirectorsCompany. Any such Such resignation shall take effect at the time specified thereinin such written notice, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless and unless otherwise specified therein, the no acceptance of such resignation shall not be necessary to make it effective. Any Director or the entire Board may be removed at any time, with or without cause, by the Members. Vacancies in the Board caused by any such resignation or removal shall be filled in accordance with Section 6.09.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement (Cheniere Energy Partners, L.P.), Limited Liability Company Agreement (Cheniere Energy Partners, L.P.)

Resignation or Removal. (a) Any Director may resign at any time by giving upon written notice of such Director’s resignation in writing or by electronic transmission to the Chairman of the Board of Directors or the Secretary of the Board of DirectorsBoard. Any such Such resignation shall take effect at the time specified thereinin such written notice, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless and unless otherwise specified therein, the no acceptance of such resignation shall not be necessary to make it effective.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Energy Partners, L.P.)

Resignation or Removal. (a) Any Director may resign at any time by giving notice of such Director’s resignation in writing or by electronic transmission to the any Chairman of the Board of Directors or the Secretary of the Board of Directors. Any such resignation shall take effect at the time specified therein, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC), Limited Liability Company Agreement (KKR Private Equity Conglomerate LLC), KKR Private Equity Conglomerate LLC

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Resignation or Removal. (a) Any Director may resign at any time by giving upon written notice of such Director’s resignation in writing or by electronic transmission to the Chairman of the Board of Directors or the Secretary of the Board of DirectorsBoard. Any such Such resignation shall take effect at the time specified therein, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.in such

Appears in 1 contract

Samples: Limited Liability Company Agreement

Resignation or Removal. (a) Any Director may resign at any time by giving written notice of such Director’s resignation in writing or by electronic transmission to the Chairman of the Board of Directors or the Secretary of the Board of Directors. Any such resignation shall take effect at , effective upon execution and delivery to the time specified therein, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless otherwise specified therein, the acceptance Company of such resignation shall not be necessary to make it effectivewritten notice or upon any future date specified in the notice.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)

Resignation or Removal. (a) Any A Director may resign at any time by giving notice of such Director’s resignation in writing or by electronic transmission to the Chairman of the Board of Directors Members, effective upon receipt thereof or the Secretary of the Board of Directors. Any at such resignation shall take effect at the later time specified therein, or if the time when it shall become effective shall not be specified therein, then it shall take effect immediately upon its receipt by the Company. Unless otherwise specified thereinin the notice, the acceptance of such a resignation shall not be necessary to make it effective. The resignation of a Director shall not affect its rights as a Member. Any Director may be removed, with or without cause, only by a vote of the Members holding a majority of the Common Units then outstanding.

Appears in 1 contract

Samples: Operating Agreement (Ameritrade Holding Corp)

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