Removal of the Manager. Upon at least 60 days written notice to the Manager and all Investors in this Fund, the Manager may be required to withdraw as manager of this Fund by a vote of Investors owning not less than 50% of the Units of this Fund. Any such removal shall be effective as of the end of the calendar quarter in which such vote occurs.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (ML APM Global Commodity FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Cornerstone FuturesAccess LLC), Limited Liability Company Operating Agreement (ML Winton FuturesAccess LLC)
Removal of the Manager. Upon at least 60 days calendar days’ written notice to the Manager and all Investors Members in this the Fund, the Manager may be required to withdraw as manager of this the Fund by a vote of Investors Members owning not less than 50% of the outstanding Units of this Fund(by Net Asset Value), not including Units held by Manager Parties. Any such removal shall be effective as of the end of the calendar quarter in which such vote occurs.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC), Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC)
