Common use of Removal Resignation Clause in Contracts

Removal Resignation. (a) A Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request of the Member that designated the applicable Manager. (b) A Manager may resign at any time from the Board by delivering his written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.

Appears in 8 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Solar Capital Ltd.)

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Removal Resignation. (a) A Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request action of Members holding at least 80% of the Member that designated votes eligible to be cast by the applicable Managerthen-outstanding Voting Units. (b) A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC), Limited Liability Company Agreement (Shepherd's Finance, LLC)

Removal Resignation. (a) A Manager may be removed or replaced at any time from the Board, with or without causecase, upon, and only upon, the written request of the Member that designated who appointed the applicable Manager. (b) Manager who is to be removed or replaced. A Manager may resign at any time from the Board by delivering his written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective. The vacancy in the Board caused by such resignation shall be filled in accordance with Section 7.4.

Appears in 2 contracts

Samples: Operating Agreement (Biotech Co LLC), Operating Agreement (Bioceres Group PLC)

Removal Resignation. (a) 8.3.1 A Manager may be removed or replaced at any time from the Board, with or without cause, upon, and only upon, the written request of the Member that designated designating such individual to serve on the applicable ManagerBoard. (b) 8.3.2 A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Forterra, Inc.)

Removal Resignation. (a) A Manager may be removed or replaced at any time from the Boardtime, with or without cause, upon, and only upon, by the written request of the Member that designated the applicable Manager. (b) Voting Member. A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bellring Brands, Inc.), Limited Liability Company Agreement (Bellring Brands, Inc.)

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Removal Resignation. (a) A Manager may be removed or replaced at any time from the Boardtime, with or without cause, upon, and only upon, by the written request affirmative vote of the Member that designated the applicable Manager. (b) Member. A Manager may resign at any time from by giving written notice to the Board by delivering his written resignation to the Board. Any of Managers and such resignation notice shall be deemed effective upon receipt thereof unless it is specified to be effective at some other time or upon by the occurrence Board of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effectiveManagers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nacg Finance LLC)

Removal Resignation. (a) The Member(s) holding a majority of the Class A Manager Units may be removed remove any or replaced all of the Managers at any time from the Boardand for any reason, with or without cause, upon, and only upon, the written request of the Member that designated the applicable Manager. (b) A Manager may resign at any time from the Board by delivering his or her written resignation to the Board. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The Board’s acceptance of a resignation shall not be necessary to make it effective.

Appears in 1 contract

Samples: Operating Agreement (Verb Technology Company, Inc.)

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