Common use of Election and Removal of Directors Clause in Contracts

Election and Removal of Directors. The Directors shall be elected as follows: (a) The Class C Member(s) shall elect two (2) Voting Directors (individually, a "Class C Director", and together, the "Class C Directors"). (b) The Class P Member(s) shall elect two (2) Voting Directors (individually, a "Class P Director", and together, the "Class P Directors"). (c) The Class C Member(s) may remove, at any time, either or both of the Class C Directors, with or without cause. The Class P Member(s) may remove, at any time, either or both of the Class P Directors, with or without cause. (d) The chief executive officer and the chief financial officer of the Company shall be ex officio the two Non-Voting Directors. The Non-Voting Directors may be removed at any time by the Board of Directors. If either the office of chief executive officer or the office of chief financial officer is vacant, the Non-Voting Director position associated with such office shall also be vacant.

Election and Removal of Directors. The Directors shall be elected as follows: (a) The Class C Member(s) shall elect two (2) Voting Directors (individually, a "“Class C Director"”, and together, the "“Class C Directors"”). (b) The Class P Member(s) shall elect two (2) Voting Directors (individually, a "“Class P Director"”, and together, the "“Class P Directors"”). (c) The Class C Member(s) may remove, at any time, either or both of the Class C Directors, with or without cause. The Class P Member(s) may remove, at any time, either or both of the Class P Directors, with or without cause. (d) The chief executive officer and the chief financial officer of the Company shall be ex officio the two Non-Voting Directors. The Non-Voting Directors may be removed at any time by the Board of Directors. If either the office of chief executive officer or the office of chief financial officer is vacant, the Non-Voting Director position associated with such office shall also be vacant.

Election and Removal of Directors. The Directors shall be elected as follows: (a) The Class C Member(s) shall elect two three (23) Voting Directors (individually, a "“Class C Director"”, and together, the "“Class C Directors"”). (b) The Class P Member(s) shall elect two three (23) Voting Directors (individually, a "“Class P Director"”, and together, the "“Class P Directors"”). (c) The Class C Member(s) may remove, at any time, either any or both all of the Class C Directors, with or without cause. The Class P Member(s) may remove, at any time, either any or both all of the Class P Directors, with or without cause. (d) The chief executive officer and the chief financial officer of the Company shall be ex officio the two Non-Voting Directors. The Non-Voting Directors may be removed at any time by the Board of Directors. If either the office of chief executive officer or the office of chief financial officer is vacant, the Non-Voting Director position associated with such office shall also be vacant.”

Election and Removal of Directors. The Directors shall be elected as follows: (a) The Class C Member(s) shall elect two three (23) Voting Directors (individually, a "“Class C Director"”, and together, the "“Class C Directors"”). (b) The Class P Member(s) shall elect two three (23) Voting Directors (individually, a "“Class P Director"”, and together, the "“Class P Directors"”). (c) The Class C Member(s) may remove, at any time, either any or both all of the Class C Directors, with or without cause. The Class P Member(s) may remove, at any time, either any or both all of the Class P Directors, with or without cause. (d) The chief executive officer and the chief financial officer of the Company shall be ex officio the two Non-Voting Directors. The Non-Voting Directors may be removed at any time by the Board of Directors. If either the office of chief executive officer or the office of chief financial officer is vacant, the Non-Voting Director position associated with such office shall also be vacant.