Replacement of Managing Member. Except as otherwise provided in this Agreement, the Managing Member may only be changed with the approval of each Member, upon resignation of the Managing Member, upon an Event of Default on the part of the Managing Member or, at the election of IW in the event of the termination of the Managing Member or its Affiliate as the Operations Manager due to a default (beyond all applicable cure periods) under any of the Operations Management Agreements.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (MGM Resorts International), Limited Liability Company Agreement (CityCenter Holdings, LLC)
Replacement of Managing Member. Except as otherwise provided in this Agreement, the Managing Member may only be changed with the approval of each Member, upon resignation of the Managing Member, upon an Event of Default on the part of the Managing Member or, at the election of IW DW in the event of the termination of the Managing Member or its Affiliate as the Operations Manager due to a an default (beyond all applicable cure periods) under any of the Operations Management AgreementsAgreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (MGM Mirage), Limited Liability Company Agreement (Dubai World)
