Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six (6) months' prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty (60) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.
Resignation; Deemed Offer to Resign. The Manager may resign upon thirty (30) days prior notice to the other Participant. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other Participant, if at all, within ninety (90) days following such deemed offer:
Resignation; Deemed Offer to Resign. The Member acting as Manager may resign upon ninety (90) days’ prior notice to the other Member, in which case the other Member may elect to become the new Manager by notice to the resigning Member within thirty (30) days after the notice of resignation; provided that if the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed by the Management Committee. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other Member, if at all, within ninety (90) days following such deemed offer:
Resignation; Deemed Offer to Resign. The Manager may resign upon three months' prior notice to the other Member, in which case the other Member may elect to become the new Manager by notice to the resigning Member within 30 days after the notice of resignation. In the case of any resignation as Manager by TSVLP, USEC shall be deemed to be the other Member and TSVLP shall be deemed to be the resigning Member for purposes of this Section 9.4. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other Member, if at all, within 90 days following such deemed offer:
Resignation; Deemed Offer to Resign. The Manager may resign upon three ----------------------------------- months' prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within 30 days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other Participant, if at all, within 90 days following such deemed offer:
Resignation; Deemed Offer to Resign. The Operator may resign upon 60 days prior notice to the Management Committee, in which case the Management Committee shall appoint an Operator. If any of the following shall occur, the Operator shall be deemed to have offered to resign, which offer may be accepted by the Management Committee, if at all, within 60 days following such deemed offer:
Resignation; Deemed Offer to Resign. The Operator may resign upon two months' prior written notice to the other Participant in which case the other Participant may elect to become the new Operator by notice to the resigning Participant within 30 days after the notice of resignation. If any of the following shall occur the Operator shall be deemed to have offered to resign which offer shall be accepted by the other Participant (if at all) within 90 days following such deemed offer and in the absence of written acceptance by the other Participant, the Operator shall continue to be Operator:
Resignation; Deemed Offer to Resign. The Manager may resign upon not less than two (2) months’ prior notice to the other Member, in which case the other Member may elect to become the new Manager by notice to the resigning Member within ten (10) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Sections, with the successor Manager to be appointed by the other Member at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Member, or if there are more than two (2) Members, the Member having the greatest aggregate Ownership Interest, may appoint itself or a third party as the Manager.
Resignation; Deemed Offer to Resign. The Manager may resign upon two months' prior written notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within 30 days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other Participant, if at all, within 90 days following such deemed offer and in the absence of written acceptance by the other Participant, the Manager shall continue to be Manager: The Participating Interest of the Manager becomes less than 50% and any other Participant holds a Participating Interest greater than the Manager. The Manager fails to perform a material obligation imposed upon the Manager under this Agreement and fails within 60 days to commence curing or contest the default within 30 days after notice from the other Participant demanding performance. If the Manager becomes insolvent, bankrupt or is placed in receivership, it shall be deemed to have resigned without any action by the other Participant.
Resignation; Deemed Offer to Resign. The Operator may resign upon not less than 120 days' prior notice to the Company, in which case the other Member in the Company may elect to become the new Operator by notice to the resigning Operator within 30 days after receipt of the notice of resignation. If any of the following shall occur, the Operator shall be deemed to have resigned upon the occurrence of the event described in each of the following subsections, with the successor Operator to be appointed by the other Member at a subsequently called meeting of the Management Committee, at which the Operator shall not be entitled to vote. The other Member of the Company may appoint itself or a third party as the Operator. If a third party is appointed as the Operator, the third party must execute an Operating and Management Agreement containing terms and conditions substantially similar to the terms set forth herein, except that the third party operator may be removed at anytime, with or without cause, by the Management Committee.
