Common use of Removal and Resignation Clause in Contracts

Removal and Resignation. Any officer of the Company may be removed as such, with or without cause, by the Managers at any time. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.

Appears in 97 contracts

Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (PG&E Recovery Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC)

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Removal and Resignation. Any officer of the Company may be removed as suchremoved, either with or without cause, by the Managers Board at any timeregular or special meeting or by any officer upon whom such power of removal may be conferred by the Board. Any officer of the Company may resign as such at any time upon by giving written notice to the Board or to the President, or to the Secretary of the Company. Such Any such resignation shall be made in writing and shall take effect on the date of the receipt of such notice or at the any later time specified therein ortherein; and, if no time is unless otherwise specified therein, at the time acceptance of its receipt by the Managerssuch resignation shall not be necessary to make it effective.

Appears in 63 contracts

Samples: Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan-Infiniti Lt), Limited Liability Company Agreement (Nissan-Infiniti Lt)

Removal and Resignation. Any officer Authorized Officer of the Company may be removed as such, with or without cause, by the Managers Board at any time. Any officer Authorized Officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall will be made in writing and shall will take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the ManagersBoard. Any vacancy occurring in any office of the Company may be filled by the Board.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-2), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2023-1), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-3)

Removal and Resignation. Any officer All Officers shall hold office at the pleasure of the Company Managers and may be removed as such, by a vote of the Managers with or without cause, by the Managers at any time. Any officer of Officer may resign by delivering his written resignation to the Company may resign as at its principal office and such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time effective upon receipt unless it is specified therein, to be effective at some other time or upon the time happening of its receipt by the Managerssome other event. 3.13.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Keyspan Corp), Operating Agreement (Keyspan Corp), Operating Agreement (Keyspan Corp)

Removal and Resignation. Any officer of the Company may be removed as suchremoved, either with or without cause, by the Board of Managers at any timeregular or special meeting, but such removal shall be without prejudice to the contract rights, if any, of the person so removed. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.

Appears in 3 contracts

Samples: Operating Agreement (Winnick Holdings, LLC), Bh Re LLC, Bh Re LLC

Removal and Resignation. Any Subject to the rights, if any, of an officer under a contract of the Company employment, any officer may be removed as suchremoved, either with or without cause, by the Managers Company at any time. Any officer of the Company may resign as such at any time upon written by giving notice to the CompanyBoard. Such Any resignation shall be made in writing and shall take effect upon receipt of that notice or at the any later time specified therein orin that notice; and, if no time is unless otherwise specified thereinin that notice, at the time acceptance of its receipt by the Managersresignation shall not be necessary to make it effective.

Appears in 3 contracts

Samples: Operating Agreement (Trackpower Inc), Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Trackpower Inc)

Removal and Resignation. Any officer of the Company may be removed as suchremoved, either with or without cause, by the Managers at any timeBoard or, in the case of an officer not appointed by the Board, by the President. Any officer of the Company may resign as such at any time upon written by giving notice to the CompanyBoard, the President or Secretary. Such Any such resignation shall be made in writing and shall take effect at the date of receipt of such notice or at any later time specified therein orand, if no time is unless otherwise specified thereinin such notice, at the time acceptance of its receipt by the Managersresignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Complete Genomics Inc), Agreement and Plan of Merger (Complete Genomics Inc)

Removal and Resignation. Any officer of the Company Officer may be removed as such, with or without cause, by the Managers Manager or the President, at any time. Any officer of the Company Officer may resign as such at any time upon written notice to the CompanyManager or the President. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified thereinspecified, at the time of its receipt by the ManagersManager or the President.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Vistancia Marketing, LLC), Limited Liability Company Agreement (Vistancia Marketing, LLC)

Removal and Resignation. Any officer All officers of the Company shall hold office at the pleasure of the Managers and may be removed as such, by a vote of the Board of Managers with or without cause, by the Managers at any time. Any officer of may resign by delivering his written resignation to the Company may resign as at its principal office and such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time effective upon receipt unless it is specified therein, to be effective at some other time or upon the time happening of its receipt by the Managerssome other event. 6.7.

Appears in 2 contracts

Samples: Operating Agreement (Keyspan Corp), Limited Liability Company Operating Agreement (Keyspan Corp)

Removal and Resignation. Any officer of the Company may be removed as suchremoved, either with or without cause, by the Managers Management Committee at any timeregular or special meeting thereof or by any officer upon whom such power of removal may be conferred by the Management Committee. Any officer of the Company may resign as such at any time upon by giving written notice to the Management Committee, the Chairman of the Management Committee, the President or the Secretary of the Company. Such Any such resignation shall be made in writing and shall take effect at the date of the receipt of such notice or at any later time specified therein or, if no time is therein; and unless otherwise specified therein, at the time acceptance of its receipt by the Managerssuch resignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Multimedia Games Inc), Limited Liability Company Agreement (Multimedia Games Inc)

Removal and Resignation. Any Manager or other officer of the Company may be removed as suchremoved, with or without cause, by the Managers at any timeVote of the Members. Any Manager or other officer of the Company may resign as such at any time upon without prejudice to any rights of the Company under any contract to which the Manager or other officer of the Company is a party, by giving written notice to the CompanyMembers, or to the Manager, as applicable. Such Any such resignation shall be made in writing and shall take effect at the date of the receipt of such notice or at any later time specified therein or, if no time is therein; and unless otherwise specified therein, at the time acceptance of its receipt by the Managerssuch resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Operating Agreement (Showscan Entertainment Inc)

Removal and Resignation. Any officer of the Company may be removed as such, with or without cause, by the Managers Board of Managers. Any officer may resign at any time. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Chairman of the Board of Managers. The acceptance of a resignation shall not be necessary to make it effective, unless so expressly provided in the resignation.

Appears in 1 contract

Samples: Agreement of Limited Liability Company (Scotia Pacific Co LLC)

Removal and Resignation. Any Except as set forth in Section 6.02, the Board may remove any officer of the Company may be removed as such, with or without causeCause, by the Managers at any time. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the ManagersCompany. The acceptance of a resignation shall not be necessary to make it effective, unless expressly so provided in the resignation.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Albany International Corp /De/)

Removal and Resignation. Any officer All officers of the Company shall hold office at the pleasure of the Managers and may be removed as such, by a vote of the Board of Managers with or without cause, by the Managers at any time. Any officer of may resign by delivering his written resignation to the Company may resign as at its principal office and such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time effective upon receipt unless it is specified therein, to be effective at some other time or upon the time happening of its receipt by the Managers.some other event. 6.7

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Keyspan Corp)

Removal and Resignation. Any officer of the Company Officer may be removed as such, with or without cause, by the Managers at any time. Any officer CEO or the Management Committee whenever in his or their judgment the best interests of the Company will be served thereby. Any Officer may resign as such at any time upon written notice to the Company. Such resignation shall be made Management Committee, and in writing the case of the CEO only, to Polo and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.Media

Appears in 1 contract

Samples: Liability Company Agreement

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Removal and Resignation. Any officer of the Company may be removed as suchremoved, either with or without cause, by a majority of the Managers Directors at the time in office, at any timeannual regular or special meeting of the Board, or by an officer upon whom such power of removal may be conferred by the Board of Directors. Any officer of the Company may resign as such at any time upon by giving written notice to the CompanyBoard of Directors, to the President, or to the Secretary of the Corporation. Such Any such resignation shall be made in writing and shall take effect at the date of the receipt of such notice or any later time specified therein or, if no time is specified therein, at ; the time acceptance of its receipt by the Managerssuch resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Independence Holding Co)

Removal and Resignation. Any officer of the Company Officer may be removed as suchremoved, with or without cause, by a majority of the Managers Directors at the time in office, at any timeregular or special meeting of the Board. Any officer of the Company Officer may resign as such at any time upon by giving written notice to the Board or to the President or the Secretary of the Company. Such Any such resignation shall be made in writing and shall take effect at the date of the receipt of such notice or at any later time specified therein or, if no time is therein; and unless otherwise specified therein, at the time acceptance of its receipt by the Managerssuch resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Removal and Resignation. Any officer of the Company may be removed as suchremoved, either with or without cause, by a majority of the Managers directors, then in office, at any timemeeting of the board of directors. Any officer of the Company may resign as such at any time upon by giving written notice to the Companycorporation. Such Any such resignation shall be made in writing and shall take effect at the date of the receipt of such notice or at any later time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Becoming Art Inc)

Removal and Resignation. Any officer of the Company Officer may be removed as such, with or without cause, by the Managers Executive Committee or the President, at any time. Any officer of the Company Officer may resign as such at any time upon written notice to the CompanyExecutive Committee or the President. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified thereinspecified, at the time of its receipt by the ManagersExecutive Committee or the President.

Appears in 1 contract

Samples: Operating Agreement (Vistancia Marketing, LLC)

Removal and Resignation. Any officer of the Company may be ----------------------- removed as such, with or without cause, by the Managers at any time. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.

Appears in 1 contract

Samples: Limited Liability (Reliant Energy Transition Bond Co LLC)

Removal and Resignation. Any officer of the Company may be removed as such, with or without cause, by the Managers at any timeManagers. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by a Manager or, if none, a Member. The acceptance of a resignation shall not be necessary to make it effective, unless expressly provided for in the Managersresignation.

Appears in 1 contract

Samples: Operating Agreement (Entrade Inc)

Removal and Resignation. Any officer of the Company may be removed as such, with or without cause, by the Managers at any time. Any officer of the Company may resign as such at any time upon written notice to the Company. Such resignation shall be made in writing and shall take effect at the time specified therein or, if no time is specified therein, at the time of its receipt by the Managers.. SECTION 4.03

Appears in 1 contract

Samples: Limited Liability Agreement

Removal and Resignation. Any officer of the Company may be removed as suchremoved, either with or without cause, by the Managers at any time. Any officer of the Company may resign as such at any time upon by giving written notice to the CompanyManagers. Such Any resignation shall be made in writing and shall take effect at the date of the receipt of that notice or at any later time specified therein orin that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any resignation is without prejudice to the rights, if no time any, of the Company under any contract to which the officer is specified therein, at the time of its receipt by the Managersa party.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cottonwood Multifamily Opportunity Fund, Inc.)

Removal and Resignation. Any Subject to the rights, if any, of an officer under a contract of the Company employment, any officer may be removed as suchremoved, either with or without cause, by the Managers Company at any time. Any officer of the Company may resign as such at any time upon written by giving notice to the CompanyBoard. Such Any resignation shall be made in writing and shall take effect upon receipt of that notice or at the any later time specified therein orin that notice; and, if no time is unless otherwise specified thereinin that notice, at the time acceptance of its receipt by the Managers.resignation shall not be necessary to make it effective. Execution Copy November 8, 2005

Appears in 1 contract

Samples: Operating Agreement (Nevada Gold & Casinos Inc)

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