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

Resignation; Deemed Offer to Resign. The Member acting as Manager may resign upon ninety (90) days’ 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 thirty (30) days after the notice of resignation; provided that if the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed by the Management Committee. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other Member, if at all, within ninety (90) days following such deemed offer:

Resignation; Deemed Offer to Resign. The Member acting as Manager may resign upon ninety thirty (9030) days’ ' prior written notice to the other MemberManagement Committee, in which case the other Member Participant may elect to become the new Manager by notice to the resigning Member Management Committee within thirty (30) days after the aforesaid notice of resignation; provided resignation and, in the event that if there are more than one other Participants and more than one so elects, the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed determined by a vote of the Management Committee. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall may be accepted by the other MemberParticipant, if at all, within ninety (90) days following such deemed offer:

Resignation; Deemed Offer to Resign. The Member acting as Manager may resign upon ninety (90) daysmonths’ 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 thirty (30) days after the notice of resignation; provided that if the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed by the Management Committee. If any of the following shall occur, the Manager shall be deemed to have offered to 26 Environmental and Continuing Obligation provisions in Sections 8.2(p), (q) and (r) have been added from Form 5A LLC. See supra note 14. resign, which offer shall be accepted by the other Member, if at all, within ninety (90) 90 days following such deemed offer:

Resignation; Deemed Offer to Resign. The Member acting as Manager may resign upon ninety (90) 30 days’ ' prior notice Notice to the other MemberManagement Committee, in which case the other Member Participant may elect to become the new Manager by notice to the resigning Member Management Committee within thirty (30) days after the notice of resignation; provided that if the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed by the Management Committee. If any of the following shall occur, the Manager shall will be deemed to have offered to resign, which offer shall be accepted by the other MemberParticipant shall accept, if at all, within ninety (90) 30 days following such deemed offer:

Resignation; Deemed Offer to Resign. The Member acting as Manager may resign upon ninety thirty (9030) days’ day’s prior notice to the other MemberManagement Committee, in which case the other Member Participant may elect to become the new Manager by notice to the resigning Member Management Committee within thirty (30) days after the notice of resignation; provided that if the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed by the Management Committee. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other MemberParticipant, if at all, within ninety (90) days following such deemed offer:

Resignation; Deemed Offer to Resign. 8.4 The Member acting as Manager may resign upon ninety thirty (9030) days’ day’s prior notice to the other MemberManagement Committee, in which case the other Member Participant may elect to become the new Manager by notice to the resigning Member Management Committee within thirty ninety (3090) days after the notice of resignation; provided that if the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed by the Management Committee. If any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other MemberParticipant, if at all, within ninety (90) days following such deemed offer:

Resignation; Deemed Offer to Resign. The Member acting as Manager 8.4 A Manager, who is not a Participant, may resign upon ninety three (903) days’ months prior notice to the Management Committee, whereupon the Management Committee shall appoint another Manager as set out in Section 8.1. A Manager, who is a Participant, may resign upon three (3) months prior notice to the other MemberParticipant, in which case the other Member Participant may elect to become the a new Manager by notice to the resigning Member Participant within thirty twenty-five (3025) days after the notice of resignation; provided that if the other Member does not make such an election within such thirty (30) day period, a new Manager shall be appointed by the Management Committee. If the Manager is a Participant and any of the following shall occur, the Manager shall be deemed to have offered to resign, which offer shall be accepted by the other MemberParticipant, if at all, within ninety (90) days following such deemed offer: