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

Resignation; Deemed Offer to Resign. The Manager may resign upon three months' prior notice to the other Member, in which case the other Member may elect to become the new Manager by notice to the resigning Member within 30 days after the notice of resignation. In the case of any resignation as Manager by TSVLP, USEC shall be deemed to be the other Member and TSVLP shall be deemed to be the resigning Member for purposes of this Section 9.

Resignation; Deemed Offer to Resign. The Except during the period following the Effective Date of this Agreement up to and including the Cut- off Date , the Manager may resign upon three months' months prior notice to the other Member, in which case the other Member may elect to become the new Manager by notice to the resigning Member within 30 days after the notice of resignation. In the case of any resignation as Manager by TSVLPTSMC, USEC TSVLP shall be deemed to be the other Member and TSVLP TSHI shall be deemed to be the resigning Member for purposes of this Section 9.

Resignation; Deemed Offer to Resign. The Except during the period following the Effective Date of this Agreement up to and including the Cut-off Date , the Manager may resign upon three months' prior notice to the other Member, in which case the other Member may elect to become the new Manager by notice to the resigning Member within 30 days after the notice of resignation. In the case of any resignation as Manager by TSVLPTSMC, USEC TSVLP shall be deemed to be the "other Member Member" and TSVLP TSHI shall be deemed to be the resigning Member for purposes of this Section 9.