Removal of a Partner Sample Clauses

Removal of a Partner. Any partner may be removed by agreement of the majority of the partners. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to the matter. The removal shall become effective upon payment of the value of the removed partners capital account, which shall be in accordance with provision in paragraph 23. The vote action shall be treated as receipt of request for withdrawal.
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Removal of a Partner. Any partner may be removed by two-thirds vote. Written notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The removal shall become effective the day of the vote to remove the partner, which shall be in accordance with the provisions on full withdrawal of a partner noted in Section VI Paragraph (3), Section VII Paragraph (A), and Section VIII Paragraph (B). The vote action shall be treated as receipt of request for withdrawal.
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Removal of a Partner. Any partner may be removed by a majority vote. Such a vote shall be treated as a notice of a complete/full withdrawal. Liquidation and payment of the partner's capital account(s) shall proceed in accordance with paragraph 23.
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Removal of a Partner. Any partner may be removed with or without cause upon a majority agreement of the other partners. Any partner convicted of a felony related to the business of investing shall be immediately removed from the partnership upon the conviction, without a vote of the partnership.
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Removal of a Partner. Any partner may be removed by agreement of the partners whose capital accounts total a majority of the value of all partners’ capital accounts. Conditions for consideration of removal may include but are not limited to, failure to meet the attendance requirements (specified in the Operating Procedures), failure to make required regular contributions (specified in the Operating Procedures), and unauthorized activity undertaken by a partner in the name of the partnership. Written or email notice of a meeting where removal of a partner is to be considered shall include a specific reference to this matter. The removal shall become effective upon payment of the value of the removed partner’s capital account, which shall be in accordance with the provisions on full withdrawal of a partner noted below. The vote action shall be treated as receipt of request for withdrawal.
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Removal of a Partner. Causes for removal include: 3 consecutive unexcused absences 4 unexcused absences per any 12 month period Delinquent contribution of more than seventy-six (76) days. Behavior that does not support the purpose of the club.
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Removal of a Partner. A. Any Partner may be removed as a Partner in the Partnership with or without cause upon the vote of a Majority of Partnership Interests calculated including the Percentage Interest of the Partner to be removed.
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Removal of a Partner. Any Partner may be removed from the Partnership for Cause, upon the Approval of the General Partner. Any Partner who has been removed from the Partnership for Cause shall be redeemed from the Partnership in accordance with the provisions of Section 7.3.
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Removal of a Partner 
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Related to Removal of a Partner

  • Removal of a General Partner (a) Upon the occurrence of an Event of Bankruptcy as to, or the dissolution of, a General Partner, such General Partner shall be deemed to be removed automatically; provided, however, that if a General Partner is on the date of such occurrence a partnership, the withdrawal, death or dissolution of, Event of Bankruptcy as to, or removal of, a partner in, such partnership shall be deemed not to be a dissolution of the General Partner if the business of such General Partner is continued by the remaining partner or partners. The Limited Partners may not remove the General Partner, with or without cause.

  • Removal of General Partner (a) The Special Limited Partner or the Limited Partner, or both of them, may remove the General Partner for cause if such General Partner, its officers or directors, if applicable, has:

  • Removal of Manager At any time there is more than one Member, the Members, at any time and from time to time and for any reason, by action of Members holding in the aggregate 51% of the total Percentage Interests, may remove the Manager then acting and elect a new Manager.

  • Removal of the Manager The Manager may be removed as Manager under this Agreement by the vote or written consent of Members holding not less than 80% of the total number of votes eligible to be cast by all Members.

  • Withdrawal or Removal of Partners Section 11.1 Withdrawal of the General Partner.

  • Removal of parts The Borrower shall not remove any material part of the Ship, or any item of equipment installed on the Ship, unless the part or item so removed is forthwith replaced by a suitable part or item which is in the same condition as or better condition than the part or item removed, is free from any Security Interest or any right in favour of any person other than the Lender and becomes on installation on the Ship the property of the Borrower and subject to the security constituted by the Mortgage Provided that the Borrower may install equipment owned by a third party if the equipment can be removed without any risk of damage to the Ship.

  • Removal of Managers At any special meeting of the Members, duly called as provided in this LLC Agreement, any manager or managers may, by the affirmative vote of the holders of a majority of all the Percentage Ownership entitled to vote for the election of managers, be removed from office, either with or without cause. At such meeting a successor or successors may be elected by a majority of the votes cast.

  • Removal of Alterations If Tenant fails to remove by the expiration or earlier termination of this Lease all of its personal property, or any Alterations identified by Landlord for removal, Landlord may, at its option, treat such failure as a hold-over pursuant to Subparagraph 11(b) above, and/or Landlord may (without liability to Tenant for loss thereof) treat such personal property and/or Alterations as abandoned and, at Tenant's sole cost and expense, and in addition to Landlord's other rights and remedies under this Lease, at law or in equity: (a) remove and store such items; and/or (b) upon ten (10) days prior notice to Tenant, sell, discard or otherwise dispose of all or any such items at private or public sale for such price as Landlord may obtain or by other commercially reasonable means. Tenant shall be liable for all costs of disposition of Tenant's abandoned property and Landlord shall have no liability to Tenant with respect to any such abandoned property. Landlord agrees to apply the proceeds of any sale of any such property to any amounts due to Landlord under this Lease from Tenant (including Landlord's attorneys' fees and other costs incurred in the removal, storage and/or sale of such items), with any remainder to be paid to Tenant.

  • Removal of Board Members Each Stockholder also agrees to vote, or cause to be voted, all Shares owned by such Stockholder, or over which such Stockholder has voting control, from time to time and at all times, in whatever manner as shall be necessary to ensure that:

  • Withdrawal of General Partner (a) The General Partner may not Withdraw (other than as a result of an Involuntary Withdrawal) without the Consent of the Special Limited Partner. Withdrawal shall be conditioned upon the agreement of the Special Limited Partner to be admitted as a successor General Partner, or if the Special Limited Partner declines to be admitted as a successor General Partner then on the agreement of one or more Persons who satisfy the requirements of Section 13.5 of this Agreement to be admitted as successor General Partner(s).

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