Removal or Replacement Sample Clauses

Removal or Replacement. The Preferred Member shall have the right at any time (1) to remove the Preferred Asset Manager from that position under this Agreement and (2) if the Preferred Member elects to do so in its sole and absolute discretion, to appoint a replacement Preferred Asset Manager. The Preferred Member may remove the Preferred Asset Manager and, if it elects to do so, appoint a replacement Preferred Asset Manager by giving Notice of such removal and replacement to the Sponsor Member and the Preferred Asset Manager in accordance with Article 14. Upon the Preferred Asset Manager’s removal and until the Preferred Member appoints a replacement, all reports, Notices and other documents that are required to be sent by the Company, a Subsidiary or the Managing Member to the Preferred Asset Manager shall be sent directly to the Preferred Member.

Removal or Replacement. Notwithstanding the foregoing, but subject to and in compliance with IPS’s contractual obligations and labor and employment agreements, the Board shall retain the right to request the removal or replacement of any Charter School Staff or Other Personnel assigned to IGC or a Charter School by IPS.

Removal or Replacement. If a contracting member of the Authority appoints a different individual to serve on the Authority’s board of directors, that individual shall also automatically replace the director for that entity serving on the corporation’s Board.

Removal or Replacement. (a) In case of graft or serious dereliction of duty, or for any other reason, the General Manager, or the CFO may be removed and replaced at any time upon resolution of the Board. (b) If any officer is discharged or departs, a successor shall be nominated and appointed in the same manner as the original appointee.