Common use of Removal of the Directors Clause in Contracts

Removal of the Directors. Any Director may be removed either by (a) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or (b) the vote or written consent of Members holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 51 contracts

Samples: Limited Liability Company Agreement (PNC Long-Short Fund LLC), Limited Liability Company Agreement (PNC Long-Short TEDI Fund LLC), Limited Liability Company Agreement (PNC Alternative Strategies TEDI Fund LLC)

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Removal of the Directors. Any Director may be removed either by (a) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or (b) the vote or written consent of Members holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 17 contracts

Samples: Limited Liability Company Agreement (CPG Cooper Square International Equity, LLC), Limited Liability Company Agreement (BBR ALO Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Commitments Master Fund, LLC)

Removal of the Directors. Any Director may be removed either by by: (a) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or vote; or (b) the vote or written consent of Members holding constituting not less than two-thirds (2/3) of the total number of votes eligible to be cast by all MembersMembership Percentage.

Appears in 9 contracts

Samples: Limited Liability Company Operating Agreement (FEG Absolute Access Fund I LLC), Limited Liability Company Operating Agreement (FEG Directional Access TEI Fund LLC), Limited Liability Company Operating Agreement (FEG Directional Access Fund LLC)

Removal of the Directors. Any Director may be removed either by by: (ai) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or vote; or (bii) the vote or written consent of Members Member holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (City National Rochdale High Yield Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Master Fund LLC), Limited Liability Company Operating Agreement (Rochdale Core Alternative Strategies Fund TEI LLC)

Removal of the Directors. Any Director may be removed either by (ai) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or (bii) the vote or written consent of Members holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement (Asa Managed Futures Fund LLC), Operating Agreement (Asa Debt Arbitrage Fund LLC), Limited Liability Company Operating Agreement (Asa Market Neutral Equity Fund LLC)

Removal of the Directors. Any Director may be removed either by (ai) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal or vote or (bii) the vote or written consent of Members holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Db Hedge Strategies Fund LLC), Limited Liability Company Agreement (Db Absolute Return Fund LLC)

Removal of the Directors. Any Director may be removed either by (ai) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or (ii)(a) the affirmative vote, if at a meeting, of Members holding not less than a majority of the total number of votes eligible to be cast by all Members or (b) the vote or written consent of Members holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Multi-Strategy Hedge Opportunities LLC)

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Removal of the Directors. Any Director may be removed either by (a) the vote or written consent of at least two-thirds (( 2/3) of the Directors not subject to the removal vote or (b) the vote or written consent of Members holding not less than two-thirds (( 2/3) of the total number of votes eligible to be cast by all Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)

Removal of the Directors. Any Director may be removed either by by: (ai) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or vote; or (bii) the vote or written consent of Members holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Topiary Master Fund for Benefit Plan Investors (BPI) LLC)

Removal of the Directors. Any Director may be removed either by (a) the vote or written consent of at least two-thirds (2/3) of the Directors not subject to the removal vote or (b) the vote or written consent of Members Partners holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all MembersPartners.

Appears in 1 contract

Samples: Limited Partnership Agreement (Persimmon Growth Partners Fund Lp)

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