Common use of Removal; Resignation; Vacancies Clause in Contracts

Removal; Resignation; Vacancies. (i) Each Representative may be removed and replaced, with or without cause, at any time by the Designating Member that designated him or her, in such Designating Member’s sole discretion, but may not be removed or replaced by any other means, except as set forth in Section 9.02(b)(iv). A Designating Member who removes its Representative shall promptly notify the other Designating Members of the removal and the name of its replacement Representative. (ii) A Director may resign at any time, such resignation to be made in writing and to take effect immediately or on such later date as may be specified therein. (iii) If any Representative designated by a Designating Member shall cease to serve as a Director for any reason, the vacancy resulting thereby shall be filled by another individual to be designated by that Designating Member; provided that such Designating Member would, at such time, otherwise be permitted to designate a Representative pursuant to Section 9.02(b).