Common use of Removal of Managers Clause in Contracts

Removal of Managers. The Member may remove any Manager, either for or without cause. If there are no Independent Managers after such removal, the Member will promptly appoint another Independent Manager.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-2), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-1), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-3)

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Removal of Managers. The Member Any Manager may remove any Managerbe removed, either for with or without cause. If , by the Member, provided that if there are no fewer than two Independent Managers after such any removal, the Member Manager will promptly appoint another be replaced by an Independent Manager.

Appears in 8 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (CAB East LLC)

Removal of Managers. The Member may remove any Manager, either for or without cause. If there are no fewer than two Independent Managers after such removal, the Member will promptly appoint another Independent Manager.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (Daimler Trucks Retail Receivables LLC), Limited Liability Company Agreement (CAB West LLC)

Removal of Managers. The Member Any Manager may remove any Managerbe removed, either for or without cause. If , by the Member, provided that if there are no fewer than two Independent Managers after such removal, the Member will promptly appoint another such Manager shall be replaced by an Independent Manager.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Ford Credit Floorplan LLC), Limited Liability Company Agreement (Ford Credit Floorplan Corp), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)

Removal of Managers. The Member may remove any Manager, either for or without cause. If there are no fewer than 2 Independent Managers after such removal, the Member will promptly appoint another Independent Manager.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CAB West LLC), Limited Liability Company Agreement (CAB West LLC)

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Removal of Managers. The Member may remove any Manager, either for or without cause. If there are no fewer than one Independent Managers after such removal, the Member will promptly appoint another Independent Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (California Republic Funding LLC)

Removal of Managers. The Member Any Manager may remove any Managerbe removed, either for or without cause. If , by the Member, provided that if there are is no Independent Managers Manager after such removal, the Member will promptly appoint another such Manager shall be replaced by an Independent Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Efcar, LLC)

Removal of Managers. The Member Any Manager may remove any Managerbe removed, either for or without cause. If , by the Member; provided that if there are is no Independent Managers Manager after such removal, the Member will promptly appoint another such Manager shall be replaced by an Independent Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Triad Financial Special Purpose LLC)

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