Removal of Managing Member. The Managing Member may be removed, with or without cause, by an affirmative vote for removal of the holders of a two thirds majority of the Voting Shares.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Interactive Brokers Group, Inc.), Limited Liability Company Agreement (IBG Holdings LLC), Limited Liability Company Agreement (Interactive Brokers Group, Inc.)
Removal of Managing Member. The Any Managing Member may be removed, with or without cause, removed by an the affirmative vote for removal of a Majority of the holders of Members at a two thirds majority of the Voting Sharesspecial meeting convened for this purpose.
Appears in 1 contract
Samples: Operating Agreement (Sentex Sensing Technology Inc)
Removal of Managing Member. The Managing Member may be removed, with or without cause, removed by an the affirmative vote for removal of a Majority of the holders of a two thirds majority of the Voting SharesRemaining Members for gross negligence, selfdealing, or embezzlement.
Appears in 1 contract
Samples: Member Control and Operating Agreement (Investors Real Estate Trust)
