Term of Manager. The Manager shall serve until the Member’s withdrawal from the Company. At such time any existing or new Members may elect a new Manager through vote of the Members then owning more than 50% in Membership Interests.
Term of Manager. Except as otherwise stated in this Operating Agreement, no Manager shall have any contractual right to such position. A Manager shall serve until the earliest of:
Term of Manager. The Manager's term shall continue until the Manager's resignation, termination by operation of law or death (as applicable for the then current Manager), or removal by the Company. The Company shall be entitled, in its sole discretion, to remove or replace the Manager at any time and for any reason.
Term of Manager. The Sole Member shall have the complete authority to determine the term and identity of the Manager. Without limiting the scope of the above provision, the Sole Member shall be entitled to appoint a Manager who holds no membership interest in the Company, and to remove or replace any Manager at any time and for any reason. A Manager’s term shall continue until the removal or replacement of the Manager by the Sole Member, or until (as applicable for the then current Manager) the Manager’s resignation, retirement, death, disability, dissolution or termination by operation of law.
Term of Manager. No Person shall have any contractual right to serve as a Manager. Each Manager shall serve until the earliest of:
Term of Manager. If the Manager is not the Sole Member: (a) the Sole Member shall be entitled, in its sole discretion, to remove or replace the Manager at any time and for any reason; and (b) the Manager's term shall continue until the Manager's resignation, termination by operation of law or death (as applicable for the then current Manager), or removal by the Sole Member.
Term of Manager. The Manager shall serve until the earlier of (i) the Manager’s resignation, death or total disability; (ii) the Manager’s removal by all of the Members; and (iii) the expiration of the Manager’s term as Manager, if a term has been designated by all of the Members. A new Manager shall be appointed by the unanimous consent of all Members on the occurrence of any of the foregoing events.
Term of Manager. A Manager’s term shall continue until the removal or replacement ofthe Manager by the Sole Member, or until (as applicable for the then current Manager) the Manager’s resignation, retirement, death, disability, dissolution ox termination by operation oflaw. Received by NSD/FARA Registration Unit 01/04/2019 11:39:56 AM Received by NSD/FARA Registration Unit 01/04/2019 11.39.56 AM
Term of Manager. Removal of Day-to-Day Operations from the Manager’s Control 41 Section 6.15 REIT Status 42 Section 6.16 Limitation of Liability 42 Section 6.17 Indemnification 43 Section 6.18 Qualifying Parcel Release 44 ARTICLE VII WITHDRAWAL; DISSOLUTION AND TERMINATION 44 Section 7.1 Withdrawal 44 Section 7.2 Events of Default by Members 45 Section 7.3 Dissolution of the Company 46 Section 7.4 Liquidation 47 Section 7.5 Early Termination Break Cost 48 Section 7.6 Certificate of Cancellation 48 ARTICLE VIII BOOKS AND RECORDS, ACCOUNTING, REPORTS 48 Section 8.1 Books and Records 48 Section 8.2 Accounting Basis and Fiscal Year 49 Section 8.3 Reports 49 Section 8.4 Independent Audit Review 51 Section 8.5 Bank Accounts 52 Section 8.6 Executed Agreements and Leases 52 ARTICLE IX TRANSFER OF MEMBERSHIP INTERESTS; MARKETING RIGHTS 52 Section 9.1 Transfer of Membership Interests; Change of Control 52 Section 9.2 Marketing Right for Entire Portfolio 53 Section 9.3 Marketing Right for Projects 59
Term of Manager. Except as otherwise provided by the Act or the Certificate of Formation, each Manager acting hereunder, including any Manager appointed to fill a vacancy, shall hold office until the Manager’s death, bankruptcy, mental incompetence, resignation or removal.
