Common use of Effect of Resignation or Removal Clause in Contracts

Effect of Resignation or Removal. The death, resignation, -------------------------------- incompetency or removal of the Manager will not operate to revoke any existing agency created under the terms of this Agreement or invalidate any action theretofore taken by such Manager. In the event of the resignation or removal of the Manager, such Manager will promptly (a) execute and deliver such documents, instruments and other writings as may be reasonably requested by the successor Manager to effect the termination of such Manager's capacity under this Agreement, (b) deliver to the successor Manager all documents, instruments, records and other writings related to the Company as may be in the possession of such Manager (provided that such Manager may retain one copy of such documents for archival purposes), and (c) otherwise assist and cooperate in effecting the assumption of its obligations and functions by such successor Manager.

Effect of Resignation or Removal. The death, resignation, -------------------------------- incompetency or removal of the Manager will not operate to revoke any existing agency created under the terms of this Agreement or invalidate any action theretofore taken by such Manager. In the event of the resignation or removal of the Manager, such Manager will promptly (a) execute and deliver such documents, instruments and other writings as may be reasonably requested by the successor Manager to effect the termination of such Manager's capacity under this Agreement, (b) deliver to the successor Manager all documents, instruments, records and other writings related to the Company as may be in the possession of such Manager (provided that such Manager may retain one copy of such documents for archival purposes), and (c) otherwise assist and cooperate in effecting the assumption of its obligations and functions by such successor Manager.

Effect of Resignation or Removal. The death, resignation, -------------------------------- incompetency incompetency, or removal of the Manager Administrator will not operate to revoke any existing agency created under the terms of this Agreement or invalidate any action theretofore taken by such ManagerAdministrator. In the event of the resignation or removal of the ManagerAdministrator, such Manager Administrator will promptly (a) execute and deliver such documents, instruments instruments, and other writings as may be reasonably requested by the successor Manager Administrator to effect the termination of such ManagerAdministrator's capacity under this Agreement, (b) deliver to the successor Manager Administrator all documents, instruments, records records, and other writings related to the Company as may be in the possession of such Manager Administrator (provided that such Manager Administrator may retain one copy of such documents for archival purposes), and (c) otherwise assist and cooperate in effecting the assumption of its obligations and functions by such successor ManagerAdministrator.