Common use of Removal and Resignation Clause in Contracts

Removal and Resignation. Any Manager or other officer of the LLC may be removed, with or without cause, by a Vote of the Members. Any Manager or other officer of the LLC may resign at any time without prejudice to any rights of the LLC under any contract to which the Manager or other officer of the LLC is a party, by giving written notice to the Members or to the Manager, as applicable. Any such resignation shall take effect at the date of the receipt of such notice or at any later time specified therein and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 5 contracts

Samples: Operating Agreement (Euroweb International Corp), Operating Agreement (Euroweb International Corp), Operating Agreement (Emvelco Corp.)

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Removal and Resignation. Any Manager or other officer of the LLC may be removed, with or without cause, by a the Vote of the Members. Any Manager or other officer of the LLC may resign at any time without prejudice to any rights of the LLC under any contract to which the Manager or other officer of the LLC is a party, by giving written notice to the Members Members, or to the Manager, as applicable. Any such resignation shall take effect at the date of the receipt of such notice or at any later time specified therein and, therein; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Operating Agreement (Kennedy Wilson Inc), Operating Agreement (Tsecrp Inc)

Removal and Resignation. Any Manager or other officer of the LLC may be removed, with or without cause, by a Vote of the MembersMember. Any Manager or other officer of the LLC may resign at any time without prejudice to any rights of the LLC under any contract to which the Manager or Manager(s)or other officer of the LLC is a party, by giving written notice to the Members Member, or to the Manager, as applicable. Any such resignation shall take effect at the date of the receipt of such notice or at any later time specified therein and, therein; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Company Agreement (Citi TeeVee LLC), Company Agreement (Citi TeeVee LLC)

Removal and Resignation. Any Manager or other officer of ----------------------- the LLC may be removed, with or without cause, by a the Vote of the Members. Any Manager or other officer of the LLC may resign at any time without prejudice to any rights of the LLC under any contract to which the Manager or other officer of the LLC is a party, by giving written notice to the Members Members, or to the Manager, as applicable. Any such resignation shall take effect at the date of the receipt of such notice or at any later time specified therein and, therein; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Operating Agreement (Demattos Carlos D)

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Removal and Resignation. Any Except as otherwise provided in Section 2.6(v), any Manager or other officer of the LLC may be removed, with or without cause, by a the Vote of the Members. Any Manager or other officer of the LLC may resign at any time without prejudice to any rights of the LLC under any contract to which the Manager or other officer of the LLC is a party, by giving written notice to the Members Members, or to the Manager, as applicable. Any such resignation shall take effect at the date of the receipt of such notice or at any later time specified therein and, therein; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Operating Agreement (G&l Realty Corp)

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