Common use of Appointment of Successor Manager Clause in Contracts

Appointment of Successor Manager. (a) In the event of a death, resignation, incapacity to serve as determined by the District Court or removal of a Manager prior to the expiration of his or her term, a successor Manager shall be selected by Debtor, subject to District Court approval, within sixty (60) days after such death, resignation or removal. If the successor Manager is not approved by the District Court, Debtor shall select another Manager within forty-five

Appointment of Successor Manager. (a) In the event of a death, resignation, incapacity to serve as determined by the District Court or removal of a Manager prior to the expiration of his or her term, a successor Manager shall be selected by DebtorXxxxxx, subject to District Court approval, within sixty (60) days after such death, resignation or removal. If the successor Manager is not approved by the District Court, Debtor shall select another Manager within forty-five

Appointment of Successor Manager. (a) In the event of a death, resignation, incapacity to serve as determined by the District Court or removal of a Manager prior to the expiration of his or her term, a successor Manager shall be selected by Debtor, subject to District Court approval, within sixty (60) days after such death, resignation or removal. If the successor Manager is not approved by the District Court, Debtor shall select another Manager within forty-fivefive (45) days after the entry of an order by the Court disapproving the first selection.