Termination of Status of a Director. The status of a Director shall terminate if the Director: (a) shall die; (b) shall be adjudicated incompetent; (c) shall voluntarily withdraw as a Director (upon not less than 90 days’ prior written notice to the other Directors, unless the other Directors waive such notice); (d) shall be removed; (e) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (f) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, or make an assignment for the benefit of creditors; or (g) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (FEG Absolute Access Fund I LLC), Limited Liability Company Operating Agreement (FEG Directional Access TEI Fund LLC), Limited Liability Company Operating Agreement (Feg Absolute Access Fund LLC)
Termination of Status of a Director. The status of a Director shall terminate if the Director: (ai) shall die; (bii) shall be adjudicated incompetent; (ciii) shall voluntarily withdraw as a Director (upon not less than 90 days’ prior written notice to the other Directors, unless the other Directors waive such notice); (div) shall be removed; (ev) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (fvi) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, or make an assignment for the benefit of creditors; or (gvii) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund TEI LLC)
Termination of Status of a Director. The status of a Director shall terminate if the Director: (ai) shall die; (bii) shall be adjudicated incompetent; (ciii) shall voluntarily withdraw as a Director (upon not less than 90 days’ ' prior written notice to the other Directors, unless the other Directors waive such notice); (div) shall be removed; (ev) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (fvi) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, or make an assignment for the benefit of creditors; or (gvii) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC), Topiary Master Fund for Benefit Plan Investors (BPI) LLC
Termination of Status of a Director. The status of a Director shall terminate if the Director: Director (ai) shall die; (bii) shall be adjudicated incompetent; (ciii) shall voluntarily withdraw as a Director (upon not less than 90 days’ ' prior written notice to the other Directors, unless the other Directors waive such notice); (div) shall be removed; (ev) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (fvi) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, or make an assignment for the benefit of creditors; or (gvii) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 2 contracts
Samples: Operating Agreement (Db Hedge Strategies Fund LLC), Liability Company Agreement (Db Absolute Return Fund LLC)
Termination of Status of a Director. The status of a Director shall terminate if the Director: Director (ai) shall die; (bii) shall be adjudicated incompetent; (ciii) shall voluntarily withdraw as a Director (upon not less than 90 days’ ' prior written notice to the other Directors, unless the other Directors waive such notice); (div) shall be removedremoved under Section 4.2; (ev) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (fvi) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, law or make an assignment for the benefit of creditors; or (gvii) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 2 contracts
Samples: Pw Sequoia Fund LLC, Pw Redwood Fund LLC
Termination of Status of a Director. The status of a Director shall terminate if the Director: (ai) shall die; (bii) shall be adjudicated incompetent; (ciii) shall voluntarily withdraw as a Director (upon not less than 90 days’ ' prior written notice to the other Directors, unless the other Directors waive such notice); (div) shall be removed; (ev) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (fvi) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, or make an assignment for the benefit of creditors; or (g) shall have a receiver appointed to administer the property or affairs of such Director.or
Appears in 1 contract
Termination of Status of a Director. The status of a Director shall terminate if the Director: Director (ai) shall die; (bii) shall be adjudicated incompetent; (ciii) shall voluntarily withdraw as a Director (upon not less than 90 days’ ' prior written notice to the other Directors, unless Directors or the other Directors waive such noticeCompany); (div) shall be removedremoved pursuant to Section 4.2; (ev) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (fvi) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, law or make an assignment for the benefit of creditors; or (gvii) shall have a receiver appointed to administer the property or affairs of such Director; or (viii) shall otherwise cease to be a Director of the Company under the Delaware Act.
Appears in 1 contract
Termination of Status of a Director. The status of a Director shall terminate if the Director: Director (ai) shall die; (bii) shall be adjudicated incompetent; (ciii) shall voluntarily withdraw as a Director (upon not less than 90 days’ prior written notice to the other Directors, unless the other Directors waive such notice); (div) shall be removedremoved pursuant to Section 4.3; (ev) shall be certified by a physician to be mentally or physically unable to perform his or her duties hereunder; (fvi) shall be declared bankrupt by a court with appropriate jurisdiction, file a petition commencing a voluntary case under any bankruptcy law, law or make an assignment for the benefit of creditors; or (gvii) shall have a receiver appointed to administer the property or affairs of such Director; or (viii) shall otherwise cease to be a Director of the Company under the Delaware Act.
Appears in 1 contract
Samples: Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
