Substitute Manager. After the removal of any Manager in accordance with Section 3.15 or after the resignation or death of any Manager, a majority of the entire Board of Managers shall select a substitute Manager. Such substitute Manager shall, upon due appointment by the Board of Managers of all necessary agreements, have all the rights and obligations of a Manager under this Agreement.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Metropolis Realty Holdings LLC), Limited Liability Company Agreement (Metropolis Realty Trust Inc), Limited Liability Company Agreement (Metropolis Realty Holdings LLC)