Common use of Removal of Managers Clause in Contracts

Removal of Managers. Any Manager may be removed, either for or without cause, by the Beneficial Owner.

Appears in 10 contracts

Samples: Trust Agreement (Mmca Auto Receivables Trust), Trust Agreement (Mmca Auto Owner Trust 2001-3), Trust Agreement (Mmca Auto Owner Trust 2001-1)

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Removal of Managers. Any Manager may be removed, either for or without cause, by the Beneficial OwnerMember.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Ford Credit Auto Receivables LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Operating Agreement (MACRO Securities Depositor, LLC)

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Removal of Managers. Any Subject to Section 3.4(b), any Manager may be removed, either for or without cause, by the Beneficial Owner.

Appears in 2 contracts

Samples: Trust Agreement (Mmca Auto Owner Trust 2002-4), Trust Agreement (Mmca Auto Owner Trust 2002-5)

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