Common use of Election; Resignation; Removal Clause in Contracts

Election; Resignation; Removal. (a) Each Member Manager shall serve from the effective date of its designation until the effective date of its resignation or removal. In the event any Member Manager ceases to be a Member Manager of the Company whether by resignation or removal as provided in this Agreement or otherwise, a successor Member Manager shall be elected by a Majority Vote. The Members agree to vote for the Member Managers designated in accordance with Section 6.1 hereof. Such successor Member Manager shall execute an instrument reasonably satisfactory to the Members accepting and agreeing to the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Aurora Foods Inc /Md/)

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Election; Resignation; Removal. (a) Each Member Manager shall serve from the effective date of its his or her designation until the effective date of its his or her resignation or removal. In Except as provided in Section 6.2(c) hereof, in the event any Member Manager ceases to be a Member Manager of the Company Company, whether by resignation or removal as provided in this Agreement or otherwise, a successor Member Manager shall be elected designated by a Majority Vote. The Members agree the parties that were entitled, pursuant to vote for Section 6.1(b), to designate the Member Managers designated in accordance with Section 6.1 hereof. Such successor Member Manager shall execute an instrument reasonably satisfactory to the Members accepting and agreeing to the terms and conditions of this Agreementformer Manager.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Merck & Co Inc)

Election; Resignation; Removal. (a) Each Member Manager shall serve from the effective date of its designation until the effective date of its resignation or removal. In the event any Member Manager ceases to be a Member Manager of the Company whether by resignation or removal as provided in this Agreement or otherwise, a successor Member Manager shall be elected by a Majority Vote. The Members agree to vote for the Member Managers designated in accordance with Section 6.1 hereof. Such successor Member Manager shall execute an instrument reasonably satisfactory to the Members accepting and agreeing to the terms and conditions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MBW Foods Inc)

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Election; Resignation; Removal. (a) Each Member Manager shall serve from the effective date of its designation until the effective date of its resignation or removal. In the event any Member Manager ceases to be a Member Manager of the Company whether by resignation or removal as provided in this Agreement or otherwise, a successor Member Manager shall be elected by a Super-Majority Vote. The Members agree to vote for the Member Managers designated in accordance with Section 6.1 hereof. Such successor Member Manager shall execute an instrument reasonably satisfactory to the Members accepting and agreeing to the terms and conditions of this Agreement.. Notwithstanding anything in this Section 6.2 to the contrary:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Aurora Foods Inc /Md/)

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