Common use of Removal of the Managers Clause in Contracts

Removal of the Managers. Any Manager may be removed either by (a) the vote or written consent of at least two-thirds (2/3) of the Managers 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 36 contracts

Samples: Limited Liability Company Agreement (Susa Registered Fund, L.L.C.), Limited Liability Company Agreement (Ramius IDF LLC), Limited Liability Company Agreement (Ramius IDF Master Fund LLC)

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Removal of the Managers. Any Manager may be removed either by (a) by the vote or written consent of at least two-two thirds (2/3) of the Managers not subject to the removal vote or (b) with or without cause by, if at a meeting, a vote of a majority of the Members or, if by written consent, a vote or written consent of Members holding not less than at least two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 16 contracts

Samples: Limited Liability Company Agreement (CSFB Alternative Capital Event Driven Institutional Fund, LLC), Limited Liability Company Agreement (CSFB Alternative Capital Relative Value Fund, LLC), Liability Company Agreement (CSFB Alternative Capital Tactical Trading Fund, LLC)

Removal of the Managers. Any Manager may be removed with or without cause either by (a) the vote or written consent of at least two-thirds (2/3) of the Managers 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 11 contracts

Samples: Limited Liability Company Agreement (Partners Group Growth, LLC), Limited Liability Company Agreement (Partners Group Next Generation Infrastructure LLC), Limited Liability Company Agreement (Destiny Alternative Fund LLC)

Removal of the Managers. Any Manager may be removed either by (a) with or without cause by the vote or written consent of at least two-two thirds (2/3) of the Managers not subject to the removal vote (but only if there are at least three Managers serving on the Board at the time of such vote or written consent) or (b) with or without cause by, if at a meeting, a vote of the Members holding a majority of the total number of votes present at such meeting or, if by written consent, a vote or written consent of Members holding not less than at least two-thirds (2/3) of the total number of votes eligible to be cast by all Members.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC), Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC), Limited Liability Company Agreement (Wells Fargo Multi-Strategy 100 Tei Fund A, LLC)

Removal of the Managers. Any Manager may be removed at any time with or without cause either by (a) the vote or written consent of at least two-thirds (2/3) of the Managers not subject to the removal vote or (b) the vote or written consent of Members holding not less than two-thirds (2/3) 80% of the total number of votes eligible to be cast by all Members.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Mezzacappa Partners, LLC), Limited Liability Company Agreement (Mezzacappa Partners, LLC), Limited Liability Company Agreement (Mezzacappa Long Short Fund LLC)

Removal of the Managers. Any Manager may be removed either by by: (a) the vote or written consent of at least two-thirds (2/3) of the Managers not subject to the removal vote or 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 3 contracts

Samples: Limited Liability Company Operating Agreement (Rochdale High Yield Advances Fund LLC), Limited Liability Company Operating Agreement (Rochdale Alternative Total Return Fund LLC), Limited Liability Company Operating Agreement (Rochdale Structured Claims Fixed Income Fund LLC)

Removal of the Managers. Any Manager may be removed either by (a) with or without cause by the vote or written consent of at least two-two thirds (2/3) of the Managers not subject to the removal vote (but only if there are at least three Managers serving on the Board at the time of such vote or written consent) or (b) with or without cause by, if at a meeting, a vote of the Members holding a majority of the total number of votes present at such meeting or, if by written consent, a vote or written consent of Members holding not less than at least two-thirds (2/3) of the total number of votes eligible to be cast by all Members.. 4.3

Appears in 3 contracts

Samples: Limited Liability Company Agreement (ASGI Aurora Opportunities Fund, LLC), Limited Liability Company Agreement (ASGI Mesirow Insight Fund, LLC), Limited Liability Company Agreement (ASGI Corbin Multi-Strategy Fund, LLC)

Removal of the Managers. Any Manager may be removed either by (ai) the vote or written consent of at least two-thirds (2/3) of the Managers 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 (Mount Yale Opportunity Fund, LLC), Limited Liability Company Operating Agreement (Mount Yale Opportunity Fund, LLC)

Removal of the Managers. Any Manager may be removed with or without cause either by (a) the vote or written consent of at least two-two thirds (2/3) of the Managers not subject to the removal vote or (b) the vote or written consent of Members Shareholders holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all MembersShareholders.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (X-Square Balanced Fund, LLC), Limited Liability Company Agreement (X-Square Balanced Fund, LLC)

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Removal of the Managers. Any Manager may be removed with or without cause either by (a) the vote or written consent of at least two-thirds (2/3) of the Managers not subject to the removal vote or (b) the vote or written consent of Members Shareholders holding not less than two-thirds (2/3) of the total number of votes eligible to be cast by all MembersShareholders.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Partners Group Private Equity (Master Fund), LLC), Limited Liability Company Agreement (Partners Group Private Income Opportunities, LLC)

Removal of the Managers. Any Manager may be removed either by by: (a) the vote or written consent of at least two-thirds (2/3) of the Managers not subject to the removal vote 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 (Global Chartist Fund, LLC)

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

Appears in 1 contract

Samples: Limited Liability Company Agreement (Constitution Capital Access Fund, LLC)

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

Appears in 1 contract

Samples: Arden Registered Institutional Advisers LLC

Removal of the Managers. Any Manager may be removed either by (a) the vote or written consent of at least two-thirds (2/3) of the Managers not subject to the removal vote or (b) the vote or written consent of Members 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: Bacap Alternative Mult Strategy Fund LLC

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