Common use of Election and Removal of Directors Clause in Contracts

Election and Removal of Directors. Upon election by the Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the Member. If a vacancy occurs on the Board, the Member shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

Appears in 29 contracts

Samples: Development Loan Agreement (Nevada Geothermal Power Inc), Development Loan Agreement (Nevada Geothermal Power Inc), Limited Liability Company Operating Agreement (Delta Energy Center, LLC)

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Election and Removal of Directors. Upon election by the MemberGeneral Partner, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the MemberGeneral Partner. If a vacancy occurs on the Board, the Member General Partner shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

Appears in 10 contracts

Samples: Limited Partnership Agreement (Delta Energy Center, LLC), Limited Partnership Agreement (Delta Energy Center, LLC), Limited Partnership Agreement (Delta Energy Center, LLC)

Election and Removal of Directors. Upon election by the Member, each the Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the Member. If a vacancy occurs on the Board, the Member shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

Appears in 4 contracts

Samples: Operating Agreement (NRG Retail LLC), Limited Liability Company Operating Agreement (NRG Retail LLC), Operating Agreement (NRG Retail LLC)

Election and Removal of Directors. Upon election by the Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the Member. If a vacancy occurs on the BoardBoard of Directors, the Member shall, as soon as practicable after the occurrence of such vacancy, shall elect a successor so that the Board of Directors remains fully constituted at all times.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Rosetta Resources Offshore, LLC), Limited Liability Company Agreement (Rosetta Resources Offshore, LLC), Limited Liability Company Agreement (Rosetta Resources Offshore, LLC)

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Election and Removal of Directors. Upon election by the Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the die Member. If a vacancy occurs on the Board, the Member shall, as soon as practicable after the occurrence of such vacancy, elect a successor so that the Board remains fully constituted at all times.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Delta Energy Center, LLC)

Election and Removal of Directors. Upon election by the a Member, each Director shall hold office until his or her death, disability, resignation or removal at any time at the pleasure of the MemberMember that elected him or her. If a vacancy occurs on the Board, the Member shallthat elected such Director shall give notice of such vacancy to the other Member, and as soon as practicable after the occurrence of such vacancy, vacancy shall elect a successor so that the Board remains fully constituted at all times.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Delta Energy Center, LLC)

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