Replacement Managing Member. In the event of the removal of the Managing Member, the Managing Member will cooperate with the Company and take all reasonable steps to assist in making an orderly transition of the management function. The Managing Member will determine whether any succeeding Managing Member possesses sufficient qualifications to perform the management function. Other than accrued fees payable to the Managing Member, no additional compensation will be paid to the Managing Member in the event of the removal of the Managing Member.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Arrived Homes 5, LLC), Limited Liability Company Agreement (Investment.com Collection LLC), Limited Liability Company Agreement (Arrived STR, LLC)
Replacement Managing Member. In the event of the removal of the Managing Member, the Managing Member will cooperate with the Company and each Series and take all reasonable steps to assist in making an orderly transition of the management function. The Managing Member will determine whether any succeeding Managing Member possesses sufficient qualifications to perform the management function. Other than accrued fees payable to the Managing Member, no additional compensation will be paid to the Managing Member in the event of the removal of the Managing Member.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Fintor Assets, LLC)
Replacement Managing Member. In the event of the removal of the Managing Member, the Managing Member will cooperate with the Company us and take all reasonable steps to assist in making an orderly transition of the management function. The Managing Member will determine whether any succeeding Managing Member possesses sufficient qualifications to perform the management function. Other than accrued fees payable to the Managing Member, no additional compensation will be paid to the Managing Member in the event of the removal of the Managing Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Casa Shares Assets, LLC), Limited Liability Company Agreement (Bran Urban Growth Fund LLC), Limited Liability Company Agreement (Arrived Homes II, LLC)
Replacement Managing Member. (a) In the event of the removal of the Managing Member, the Managing Member will cooperate with the Company and take all reasonable steps to assist in making an orderly transition of the management function. The Managing Member will determine whether any succeeding Managing Member possesses sufficient qualifications to perform the management function. Other than accrued fees payable to the Managing Member, no additional compensation will be paid to the Managing Member in the event of the removal of the Managing Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Wahed Real Estate Series 1 LLC)
