Purchase of Manager’s Interest. Upon the removal of the Manager pursuant to Section 9.2 or resignation of the Manager pursuant to Section 10, the Manager shall be paid by the Company all fees that have been earned and all other compensation remaining to be paid under this Agreement.
Appears in 3 contracts
Samples: Operating Agreement (NNN 2002 Value Fund LLC), Operating Agreement (NNN 2002 Value Fund LLC), Operating Agreement (NNN 2003 Value Fund LLC)
Purchase of Manager’s Interest. Upon the removal of the Manager pursuant to Section Subsection 9.2 or resignation of the Manager pursuant to Section 10, the Manager shall be paid by the Company all fees that have been earned and all other compensation remaining to be paid under this AgreementAgreement that were due and earned as of the date of such removal.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement
Purchase of Manager’s Interest. Upon the removal of the Manager pursuant to Section 9.2 or resignation of the Manager pursuant to Section 9.1 and subject to Article 10, the Manager shall be paid by the Company all fees that have been earned and all other compensation remaining to be paid under this Agreement. If the Manager is removed “for cause,” the Members shall be entitled to purchase the Manager’s Interest in the Company according to their pro rata Interests and the Manager shall be obligated to sell its Interest to such Members.
Appears in 1 contract
Samples: Operating Agreement
Purchase of Manager’s Interest. Upon the removal of the Manager ------------------------------ pursuant to Section 9.2 or resignation of the Manager pursuant to Section 10, the Manager shall be paid by the Company all fees that have been earned and all other compensation remaining to be paid under this Agreement.
Appears in 1 contract
Samples: Operating Agreement (T Reit Inc)
Purchase of Manager’s Interest. Upon the removal of the Manager pursuant to Section 9.2 or resignation of the Manager pursuant to Section 9.1 and subject to Article 10, the Manager shall be paid by the Company all fees that have been earned and all other compensation remaining to be paid under this Agreement. If the Manager is removed “for cause,” the Members shall be entitled to purchase the Manager’s Interest in the Company according to their pro-rata Interests and the Manager shall be obligated to sell its Interest to such Members.
Appears in 1 contract
Samples: Operating Agreement
