Common use of Removal of Members of Board of Directors Clause in Contracts

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 16 contracts

Samples: Limited Partnership Agreement (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP), Limited Partnership Agreement (Dynagas LNG Partners LP)

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Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Except as provided in Section 5.11(c)(iv)(D), an Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 5 contracts

Samples: Limited Partnership Agreement (KNOT Offshore Partners LP), Series a Preferred Unit Purchase Agreement (KNOT Offshore Partners LP), Limited Partnership Agreement (KNOT Offshore Partners LP)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units Units, voting as a single class, at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any and all of the Elected Director Directors may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Navios Maritime Midstream Partners LP), Limited Partnership Agreement (Navios Maritime Midstream Partners LP), Limited Partnership Agreement (Navios Maritime Midstream Partners LP)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common UnitsUnit Majority.

Appears in 3 contracts

Samples: Limited Partnership Agreement (GasLog Partners LP), Limited Partnership Agreement (GasLog Partners LP), Limited Partnership Agreement

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any and all of the Elected Director Directors may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Navios Maritime Partners L.P.), Limited Partnership Agreement, Limited Partnership Agreement (Navios Maritime Partners L.P.)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Except as provided in Section 16.5(b), any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Golar LNG Partners LP), Limited Partnership Agreement (Hoegh LNG Partners LP)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Except as provided in Section 5.11(c)(iv)(D), an Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units and Outstanding Class B Units.

Appears in 2 contracts

Samples: Limited Partnership Agreement (KNOT Offshore Partners LP), Exchange Agreement (KNOT Offshore Partners LP)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, time (i) without Cause, only by the General Partner and, and (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units Common Units, voting as a single class, at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any and all of the Elected Director Directors may be removed at any time, with time (i) without Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at and (ii) with Cause, by (x) the affirmative vote of a properly called meeting majority of the Limited Partners only other members of the Board of Directors or (y) by the affirmative vote of the holders of a majority of the Outstanding Common UnitsUnits at a properly called meeting of the Limited Partners.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Navios Maritime Containers L.P.), Limited Partnership Agreement (Navios Maritime Containers Inc.)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner Seadrill Member and, (ii) with Cause, by (x) the General PartnerSeadrill Member, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners Non-Seadrill Members or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners Non-Seadrill Members only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 1 contract

Samples: Operating Agreement (Seadrill Partners LLC)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner Seadrill Member and, (ii) with Cause, by (x) the General PartnerSeadrill Member, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners Non- Seadrill Members or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners Non-Seadrill Members only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 1 contract

Samples: Operating Agreement

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Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any Elected Director may be removed at any time, with CauseXxxxx, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common UnitsUnit Majority.

Appears in 1 contract

Samples: Limited Partnership Agreement

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) by the affirmative vote of the holders of a majority of the Outstanding Units (other than Subordinated Series A Units) at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of Directors. (b) Any and all of the Elected Director Directors may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Navios Maritime Partners L.P.)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner Transocean Member and, (ii) with Cause, by (x) the General Partner, Transocean Member or (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of DirectorsNon-Transocean Members. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners Non-Transocean Members only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Transocean Partners LLC)

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner Transocean Member and, (ii) with Cause, by (x) the General Partner, Transocean Member or (y) by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of DirectorsNon- Transocean Members. (b) Any Elected Director may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Directors or at a properly called meeting of the Limited Partners Non-Transocean Members only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Removal of Members of Board of Directors. Members of the Board of Directors may only be removed as follows: (a) Any Appointed Director may be removed at any time, (i) without Cause, only by the General Partner and, (ii) with Cause, by (x) the General Partner, (y) Partner or by the affirmative vote of the holders of a majority of the Outstanding Units at a properly called meeting of the Limited Partners or (z) by the affirmative vote of a majority of the other members of the Board of DirectorsPartners. (b) Any and all of the Elected Director Directors may be removed at any time, with Cause, only by the affirmative vote of a majority of the other members of the Board of Elected Directors or at a properly called meeting of the Limited Partners only by the affirmative vote of the holders of a majority of the Outstanding Common Units.

Appears in 1 contract

Samples: Limited Partnership Agreement (Capital Product Partners L.P.)

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