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 Participant, in which case the other Participant may elect to become the new Manager by notice to the resigning Participant within 30 days after the notice of resignation. 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 Participant, if at all, within 90 days following such deemed offer:

Resignation; Deemed Offer to Resign. The Manager may resign upon three ----------------------------------- 3 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 30 days after the notice of resignation. 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 Participant, if at all, within 90 days following such deemed offer:

Resignation; Deemed Offer to Resign. The Manager may resign upon three ----------------------------------- monthsthirty (30) 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 30 days after the notice of resignation. 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 Participant, if at all, within 90 ninety (90) days following such deemed offer:

Resignation; Deemed Offer to Resign. The Manager may resign upon three ----------------------------------- 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 30 sixty (60) days after receipt of the notice of resignation. If any of the following shall occur, the The Manager shall be deemed to have offered to resignresigned upon the occurrence of the event described in each of the following Subsections, which offer shall be accepted by with the other ParticipantParticipant to appoint itself or a third party as the successor Manager at a subsequently called meeting of the Management Committee, if at all, within 90 days following such deemed offer:which the Manager shall not be entitled to vote.