Removal of Member; Termination of Interests. Any Governing Member can be removed from the Council in the event that at least two-thirds of the Members approve the removal of such Member. If such Member is removed, the Council will repurchase such Member’s Interest at the price equal to the Initial Capital Contribution plus any additional Capital Contributions.
Appears in 21 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Removal of Member; Termination of Interests. Any Governing Member can be removed from the Council in the event that at least two-thirds of the Members approve the removal of such Member. If such Member is removed, the Council will repurchase such Member’s Interest at the price equal Board shall be entitled to the Initial Capital Contribution plus any additional Capital Contributions.r...
Appears in 1 contract
Samples: Limited Liability Company Agreement
Removal of Member; Termination of Interests. Any Governing Member can be removed from the Council in the event that at least two-thirds of the Members approve the removal of such Member. If such Member is removed, the Council will Board shall be entitled to repurchase such Member’s Interest at the price equal to the Initial Capital Contribution plus any additional Capital Contributions.
Appears in 1 contract
Samples: Limited Liability Company Agreement
