Common use of Election and Removal of Directors Clause in Contracts

Election and Removal of Directors. Upon election by a General Partner, each Director shall hold office until death, disability, resignation or removal at any time at the pleasure of the General Partner that elected him or her. if a vacancy occurs on the Board, the General Partner that elected such Director shall give notice of such vacancy to the other General Partner, and as soon as practicable after the occurrence of such vacancy shall elect a successor so that the Board remains fully constituted at all times.

Election and Removal of Directors. Upon election by a General Partner, each Director shall hold office until death, disability, resignation or removal at any time at the pleasure of the General Partner that elected him or herPartner. if If a vacancy occurs on the Board, the General Partner that elected such Director shall give notice of such vacancy to the other General Partner, and as soon as practicable after the occurrence of such vacancy shall elect a successor so that the Board remains fully constituted at all times.

Election and Removal of Directors. Upon election by a the General Partner, each Director shall hold office until death, disability, resignation or removal at any time at the pleasure of the General Partner that elected him or herPartner. if If a vacancy occurs on the Board, the General Partner that elected such Director shall give notice of such vacancy to the other General Partner, and as soon as practicable after the occurrence of such vacancy shall elect a successor so that the Board remains fully constituted at all times.

Election and Removal of Directors. Upon election by a General Partner, each Director shall hold office until death, disability, resignation or removal at any time at the pleasure of the General Partner that elected him or her. if If a vacancy occurs on the Board, the General Partner that elected such Director shall give notice of such vacancy to the other General Partner, and as soon as practicable after the occurrence of such vacancy shall elect a successor so that the Board remains fully constituted at all times.