Common use of Resignation; Deemed Offer to Resign Clause in Contracts

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six (6) months' prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty (60) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six three (63) months' prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty thirty (6030) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The vote and at which the other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six sixty (660) monthsdays' prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice Notice to the resigning Participant within sixty (60) days after the notice Notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six three (63) months' prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty thirty (6030) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The vote and at which the other Participant may appoint itself or a third party as the Manager.. 22326.88636.CGB.2507236.2

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six three (63) months' ’ prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty ten (6010) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six one (61) months' prior notice to the other ParticipantMember, in which case the other Participant Member may elect to become the new Manager by notice to the resigning Participant Member within sixty ten (6010) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant Member at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant Member may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six (6) three months' ’ prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty (60) 30 days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six nine (69) months' ’ prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty thirty (6030) days after the notice of resignation. If any of the following shall occur, at the option of the other Participant, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six three (63) months' ’ prior notice to the other ParticipantMember, in which case the other Participant Member may elect to become the new Manager by notice to the resigning Participant Member within sixty fifteen (6015) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant Member at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant Member may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six three (63) months' ’ prior notice Notice to the other ParticipantMember, in which case the other Participant Member may elect to become the new Manager by notice to the resigning Participant Member within sixty thirty (6030) days after the notice Notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant Member at a subsequently called meeting of the Management Committee, at which the Manager Manager, if a Member, shall not be entitled to vote. The other Participant Member may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six (6) months' 60 days’ prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty (60) 30 days after receipt of the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six three (63) months' ’ prior notice to the other ParticipantMember, in which case the other Participant Member may elect to become the new Manager by notice to the resigning Participant Member within sixty thirty (6030) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant Member at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant Member may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six three (63) months' prior notice to the other ParticipantMember, in which case the other Participant Member may elect to become the new Manager by notice to the resigning Participant Member within sixty five (605) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant Member at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant Member may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six two (62) months' ’ prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty thirty (6030) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six (6) months' prior notice to the other Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within sixty thirty (6030) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant at a subsequently called meeting of the Management Committee, at which meeting the incumbent Manager shall not be entitled to vote. The other Participant may appoint itself or a third party as the Manager.

Resignation; Deemed Offer to Resign. The Manager may resign upon not less than six two (62) months' ’ prior notice to the other ParticipantParticipants, in which case the other Participant Participants may elect to become the new Manager Manager(s) by notice to the resigning Participant within sixty fifteen (6015) days after the notice of resignation. If any of the following shall occur, the Manager shall be deemed to have resigned upon the occurrence of the event described in each of the following Subsections, with the successor Manager to be appointed by the other Participant Participant(s) at a subsequently called meeting of the Management Committee, at which the Manager shall not be entitled to vote. The other Participant Participant(s) may appoint itself one of themselves or a third party as the Manager.