Removal of Managers. Any Manager may be removed, either for or without cause, by the Member who appointed him or her pursuant to Section 4.3 hereof.
Appears in 8 contracts
Samples: Operating Agreement (Claymore MACROshares Oil Down Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC), Operating Agreement (MacroShares $100 Oil Down Trust)
Removal of Managers. Any Manager may be removed, either for or without cause, at any time, but only by the Member who appointed him designated such Manager, upon the written notice to all Members. The Member who designated such removed Manager shall be entitled to designate the successor without any further action by the Members or her pursuant other Managers. If any action of the Members is required under applicable law, the Members agree to take such action and any other action as may be necessary from time to time to effectuate the provisions of this Section 4.3 hereof8.3.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/)
Removal of Managers. Any Manager may be removed, either for or without cause, at any time, but only by the Member who appointed him or her pursuant designated such Manager, upon the written notice to Section 4.3 hereofall Members. The Member who designated such removed Manager shall be entitled to designate the successor thereto and all Members agree to take such action as may be necessary to cause the election of all such successor Managers.
Appears in 5 contracts
Samples: Contribution Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/), Limited Liability Company Agreement (Prime Medical Services Inc /Tx/)
Removal of Managers. Any Subject to Section 3.4(b), any Manager may be removed, either for or without cause, by the Member who appointed him or her pursuant to Section 4.3 hereofBeneficial Owner.
Appears in 2 contracts
Samples: Trust Agreement (Mmca Auto Owner Trust 2002-5), Trust Agreement (Mmca Auto Owner Trust 2002-4)
Removal of Managers. Any Manager may be removed, either for or without cause, by the Member who appointed him or her pursuant to Section 4.3 4.2 hereof.
Appears in 2 contracts
Samples: Operating Agreement (MacroShares Housing Depositor, LLC), Operating Agreement (MacroShares $100 Oil Up Trust)