Appointment and Removal of Manager. The Manager may be removed at any time for Cause by the holders of a Majority Vote. The Manager may resign at any time by delivering a written resignation to the Company, which resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of a particular event. Following the Manager’s removal or resignation, a successor Manager shall be elected by the holders of a Majority Vote. The removal of the Manager shall not affect the Manager’s rights as a Member and shall not constitute a withdrawal by such Member from the Company.
Appears in 2 contracts
Samples: Operating Agreement (Slingshot USA LLC), Operating Agreement (Slingshot USA LLC)
Appointment and Removal of Manager. The A Manager may be removed at any time for Cause by the holders of a Majority Vote. The Manager may resign at any time by delivering a written resignation to the Company, which resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of a particular event. Following the Manager’s removal or resignation, a successor Manager shall be elected by the holders of a Majority Vote. The removal of the Manager shall not affect the Manager’s rights as a Member and shall not constitute a withdrawal by such Member from the Company.
Appears in 1 contract
Appointment and Removal of Manager. The Manager may be removed at any time for Cause time, with or without cause, by the holders of a Majority Vote80% of the Common Units. The Manager may resign at any time by delivering a written resignation to the Company, which resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of a particular event. Following the Manager’s removal or resignation, a successor Manager shall be elected by the holders of a Majority Vote. The removal of the Manager shall not affect the Manager’s rights as a Member and shall not constitute a withdrawal by such Member from the Company.
Appears in 1 contract
Samples: Operating Agreement
Appointment and Removal of Manager. The Manager may be removed at any time for Cause time, with or without cause, by the holders of a Majority Vote. The Manager may resign at any time by delivering a written resignation to the Company, which resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of a particular event. Following the Manager’s removal or resignation, a successor Manager shall be elected by the holders of a Majority Vote. The removal of the Manager shall not affect the Manager’s rights as a Member and shall not constitute a withdrawal by such Member from the Company.
Appears in 1 contract
Samples: Operating Agreement