Removal of a Manager. A Manager may be removed only for Good Cause by Members holding seventy-five percent (75%) of the issued and outstanding Units (excluding those Units held by the Manager to be removed and its Affiliates). For purposes of the foregoing, “
Appears in 5 contracts
Samples: Operating Agreement (Central Park Fund 1, LLC), Operating Agreement (Central Park Fund I, LLC), Operating Agreement (Aurora Fund I, LLC)
Removal of a Manager. A Manager may be removed only for Good Cause by Members holding seventy-five percent (75%) of the issued and outstanding Units (excluding those Units held by the Manager manager to be removed and its Affiliates). For purposes of the foregoing, “
Appears in 1 contract
Removal of a Manager. A Manager may be removed only for Good Cause by Members holding seventy-five percent (75%) of the issued and outstanding Units (excluding those Units held by the Manager to be removed and its Affiliatesor any Members who are Affiliates of the Manager). For purposes of the foregoing, “
Appears in 1 contract
Samples: Operating Agreement (Strata Capital Real Estate Opportunity Fund I LLC)
