Common use of Resignation; Removal Clause in Contracts

Resignation; Removal. The Manager may resign at any time by giving written notice to the Members. Unless otherwise specified in the notice, the resignation shall take effect upon receipt thereof by the Members, and the acceptance of the resignation shall not be necessary to make it effective. The Manager may be removed at any time by the Corporation.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Alvarium Tiedemann Holdings, Inc.), Limited Liability Company Agreement (UWM Holdings Corp), Limited Liability Company Agreement (UWM Holdings Corp)

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Resignation; Removal. The Manager may resign at any time by giving written notice to the Members. Unless otherwise specified in the notice, the resignation shall take effect upon receipt thereof by the Members, and the acceptance of the resignation shall not be necessary to make it effective. The Manager may be removed at any time or replaced by the CorporationMajority Members.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Digital Landscape Group, Inc.), Limited Liability Company Agreement (Digital Landscape Group, Inc.)

Resignation; Removal. The A Manager may resign at any time by giving written notice to the all Members. Unless otherwise specified in the notice, the The resignation shall take effect upon receipt thereof by the Members, and the acceptance of the resignation a Manager that is also a Member shall not cause such Member to cease to be necessary to make it effectivea Member solely by reason thereof. The A Manager may be removed at any time time, with or without cause, by the Corporationunanimous vote of the Members. The Members, by unanimous vote, may elect a substitute Manager.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Prologis Trust), Limited Liability Company Agreement (Prologis Trust)

Resignation; Removal. (a) The Manager may resign at any time by giving written notice to the Members. Unless otherwise specified in the notice, the resignation shall take effect upon receipt thereof by all of the Members, and to be effective on the acceptance of date specified in such notice, which shall be at least thirty (30) days after such notice is given, provided that the resignation Manager shall not be necessary continue to make it effective. The serve as Manager may be removed at any time by the Corporationuntil a successor Manager has been designated.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Willis Lease Finance Corp)

Resignation; Removal. The Manager may resign at any time by giving on no less than thirty (30) days' prior written notice to the Members. Unless otherwise specified in the notice, the resignation shall take effect upon receipt thereof by the Members, and the acceptance of the resignation shall not be necessary to make it effectiveCompany. The Manager may be removed at any time by unanimous vote of the Corporationother Members only for intentional misconduct or a knowing violation of law that causes material damage to the assets of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Inovio Biomedical Corp)

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Resignation; Removal. The (a) A Manager may resign at any time by giving written notice to all the Members. Unless otherwise A Manager's resignation will take effect upon delivery of the notice or at the time specified in the notice, the resignation shall take effect upon receipt thereof by the Members, and the acceptance of the resignation shall not be necessary to make it effective. The Manager may be removed at any notice if a time by the Corporationis specified.

Appears in 1 contract

Samples: Operating Agreement (Microhelix Inc)

Resignation; Removal. The A Manager may resign at any time by giving written notice to the MembersManagement Committee. Unless otherwise specified in the notice, the The resignation of a Manager shall take effect upon receipt of notice thereof by the Membersor at such later time as shall be specified in such notice; and, and unless otherwise specified therein, the acceptance of the such resignation shall not be necessary to make it effective. The Any Manager serving on the Management Committee may be removed for any reason or for no reason, at any time by by, the Corporation.Designator entitled to appoint such Manager. 5.9

Appears in 1 contract

Samples: Operating Agreement (4 Kids Entertainment Inc)

Resignation; Removal. The Manager Managers may resign at any time by giving written notice to the Memberstime. Unless otherwise specified in the notice, the resignation shall take effect upon receipt thereof by the Members, and the acceptance of the resignation shall not be necessary to make it effective. The Manager Managers may be removed at any time for any reason or no reason upon the written direction of the Member(s) that are permitted to appoint such Manager(s) pursuant to this Section 6.1, effective upon the delivery of such written direction by the Corporationremoving Member(s) or Managers to the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solid Biosciences, LLC)

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