Common use of Replacement Manager Clause in Contracts

Replacement Manager. In the event that the Management Services Agreement is terminated and the Board of Directors determines that a replacement manager should be retained to provide for the management of the Company pursuant to a management or other services agreement, the affirmative vote of a majority of the holders of Trust Interests present in person or represented by proxy at the meeting of Members shall be required to retain such replacement manager.

Appears in 6 contracts

Samples: Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Diversified Holdings)

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Replacement Manager. In the event that the Management Services Agreement is terminated and the Board of Directors determines that a replacement manager should be retained to provide for the management of the Company pursuant to a management or other services agreement, the affirmative vote of a majority of the holders of Trust LLC Interests present in person or represented by proxy at the meeting of Members shall be required to retain such replacement manager.

Appears in 4 contracts

Samples: Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO Trust)

Replacement Manager. In the event that the Management Services Agreement is terminated and the Board of Directors determines that a replacement manager should be retained to provide for the management of the Company pursuant to a management or other services agreement, the affirmative vote of a majority of the holders of Trust Interests present in person or represented by proxy at the meeting of Members outstanding Shares shall be required to retain such replacement manager.

Appears in 3 contracts

Samples: Operating Agreement (Ellington Financial LLC), Operating Agreement (KKR Financial Holdings LLC), Operating Agreement (KKR Financial Holdings LLC)

Replacement Manager. In the event that the Management Services Agreement is terminated and the Board of Directors determines that a replacement manager should be retained to provide for the management of the Company pursuant to a management or other services agreement, the affirmative vote of a majority of the holders of Trust Interests Common Shares present in person or represented by proxy at the meeting of Members shall be required to retain such replacement manager.

Appears in 2 contracts

Samples: Operating Agreement (1847 Holdings LLC), Operating Agreement (Atlas Industries Holdings LLC)

Replacement Manager. In the event that the Management Services Agreement is terminated and the Board of Directors determines that a replacement manager should be retained to provide for the management of services to the Company pursuant to a management or other services agreement, the affirmative vote of a majority of the holders voting power of Trust Interests the Voting Units entitled to vote, present in person or represented by proxy proxy, at the meeting of Members Unitholders shall be required to retain such replacement manager.. 45

Appears in 1 contract

Samples: Limited Liability Company Agreement (Macquarie Infrastructure Holdings, LLC)

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Replacement Manager. In the event that the Management Services Agreement is terminated and the Board of Directors determines that a replacement manager should be retained to provide for the management of services to the Company pursuant to a management or other services agreement, the affirmative vote of a majority of the holders voting power of Trust Interests the Voting Units entitled to vote, present in person or represented by proxy proxy, at the meeting of Members Unitholders shall be required to retain such replacement manager.manager.β€Œβ€Œ

Appears in 1 contract

Samples: Limited Liability Company Agreement

Replacement Manager. In the event that the Management Services Agreement is terminated and the Board of Directors determines that a replacement manager should be retained to provide for the management of the Company pursuant to a management services agreement or other services agreementotherwise, the affirmative vote of a majority of the holders of Trust LLC Interests present in person or represented by proxy at the meeting of Members shall be required to retain such replacement manager.

Appears in 1 contract

Samples: Operating Agreement (Macquarie Infrastructure Assets Trust)

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