Common use of Resignation of Manager Clause in Contracts

Resignation of Manager. A Manager may resign at any time by delivering written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 5 contracts

Samples: Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.), Letter Agreement (Bioceres S.A.)

AutoNDA by SimpleDocs

Resignation of Manager. A Any Manager may resign at any time by delivering giving written notice to the MembersCompany. The resignation of a any Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such the notice, and, unless otherwise specified therein, the . The acceptance of such the resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement (Bricktown Brewery Restaurants LLC), Operating Agreement (Open Window Movie LLC)

Resignation of Manager. A Any Manager may resign at any time by delivering written giving notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 3 contracts

Samples: Operating Agreement (Brand Scaffold Rental & Erection LLC), Operating Agreement (Brand Scaffold Rental & Erection LLC), Operating Agreement (Brand Scaffold Rental & Erection LLC)

Resignation of Manager. A The Manager may resign from the position of Manager at any time by delivering upon not less than 10 days' prior written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Resignation of Manager. A Manager may resign as a Manager at any time by delivering written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effectiveMember. Such resignation shall not affect the resigning Manager’s rights and liabilities be effective as a Member, if applicableset forth in such notice.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (Pse&g Transition Funding LLC), Limited Liability Company Agreement (Consumers Funding LLC)

Resignation of Manager. A The Manager may resign from its capacity as the manager of the Company at any time. Such resignation will be made in writing and delivered to the Members, and will take effect at the time specified therein or, if no time is specified, then at the time of its receipt by delivering written notice to the Members. The resignation acceptance of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall will not be necessary to make it effective, unless otherwise expressly provided in the resignation. Such resignation shall not affect In the resigning Manager’s rights and liabilities as event any Manager resigns, it may be replaced by an appointment decided by a Member, if applicableMajority Vote of the Members.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

Resignation of Manager. A The Manager may resign at any time by delivering giving written notice of such resignation to each Holding Company, specifying a date (which date shall be not less than 30 days after the Members. The giving of such notice) upon which such resignation of a Manager shall take effect with respect to such Services. Manager’s resignation shall become effective upon the Members’ receipt appointment of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, a successor Manager pursuant to the acceptance terms of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Managereach Holding Company’s rights and liabilities as a Member, if applicableLLC Agreement.

Appears in 2 contracts

Samples: Equity Contribution and Purchase Agreement (First Wind Holdings Inc.), Equity Contribution and Purchase Agreement (First Wind Holdings Inc.)

Resignation of Manager. A Manager may resign from the position as a Manager at any time by delivering written upon giving notice to the Members. The Such resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time become effective as shall be specified set forth in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Sardy House LLC), Operating Agreement (Sardy House LLC)

Resignation of Manager. A The Manager may resign at any time by delivering giving written notice to the MembersManagement Committee. The resignation of a the Manager shall take effect upon the Members’ receipt of notice thereof of resignation or at such later time as shall be specified in such notice, and, unless . Unless otherwise specified thereinin this Agreement, the acceptance of such resignation shall not be necessary to make it effective. Such The resignation of a Manager who is also a Member shall not affect the resigning Manager’s rights and liabilities as a Member and shall not constitute a withdrawal of a Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Clarksburg Skylark, LLC)

Resignation of Manager. A Any Manager may resign from the Board of Managers at any time by delivering giving written notice to the MembersCompany. The resignation of a any Manager shall take effect upon the Members’ later of the Company’s receipt of notice thereof that notification or at such later other time as shall be specified in such the notice, and, unless otherwise specified therein, the . The Company’s acceptance of such any Manager’s resignation shall not be necessary to make it the resignation effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Beard Co /Ok)

Resignation of Manager. A The Manager may resign at any time by delivering written notice to the MembersMember. The resignation of a Manager shall take effect upon when the Members’ receipt of notice thereof or at such is delivered unless the notice specifies a later time as shall be specified in such noticeeffective date, and, and unless otherwise specified thereinin the resignation, the acceptance of such the resignation shall not be necessary to make it effective. Such If the resignation shall specifies a later effective date, the pending vacancy may be filled before the effective date, but the new Manager may not affect take office until the resigning Manager’s rights and liabilities as a Member, if applicablevacancy occurs.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Beazer Realty Corp)

Resignation of Manager. A The resignation (whether by voluntary or involuntary action) of the Manager or Authorized Person may resign occur at any time by delivering written and, if voluntary, shall take effect immediately after such Manager or Authorized Person provides notice to all Members, or at a later date set forth in the Membersnotice of resignation. The A resignation of as a Manager shall take effect upon the Members’ receipt not, in and of notice thereof itself, constitute a resignation or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities withdrawal as a Member, if applicableMember from the Company.

Appears in 1 contract

Samples: Equity Investment Agreement

Resignation of Manager. A The Manager may resign at any time by delivering giving thirty (30) days’ written notice to the MembersCompany. Any such resignation shall be effective on receipt thereof unless it is specified to be effective at some other time or on the occurrence of some other event. The resignation Company’s acceptance of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such The resignation of the Manager shall not affect the resigning Manager’s its rights and liabilities as a Member, if applicableany, and shall not constitute a dissociation of such Member.

Appears in 1 contract

Samples: Operating Agreement (Sugarmade, Inc.)

Resignation of Manager. A Any Manager may resign at any time by delivering written upon notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Einstein Noah Bagel Corp)

Resignation of Manager. A Manager may resign from his position as a Manager at any time by delivering written notice to the MembersFounding Member. The Such resignation of shall become effective when such notice is received, unless a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be delayed effective date is specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement

Resignation of Manager. A Any Manager may resign at any time by delivering giving written notice to the MembersCompany. The resignation of a Manager such manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, ; and, unless otherwise specified therein, the acceptance acceptance, of such resignation shall not be necessary to make it effective. Such When one or more Managers shall resign, effective at a future date, a majority of the Managers then in office, including those who have so resigned, shall have power to fill such vacancy or vacancies, the vote thereon to take effect when such resignation or resignations shall not affect the resigning Manager’s rights and liabilities as a Member, if applicablebecome effective.

Appears in 1 contract

Samples: Operating Agreement

Resignation of Manager. A Manager may resign as a Manager at any time by delivering written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effectiveMember. Such resignation shall not affect the resigning Manager’s rights and liabilities be effective as a Member, if applicable.set forth in such notice. 5.06

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pp&l Transition Bond Co Inc)

Resignation of Manager. A Manager may resign at any time by delivering giving thirty (30) days' written notice to the MembersCompany. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The resignation Company's acceptance of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation A successor Manager shall not affect be filled by the resigning Manager’s rights and liabilities as a affirmative vote of the Class A Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Auor Capital Fund v LLC)

AutoNDA by SimpleDocs

Resignation of Manager. A The Manager may resign at any time by delivering giving at least 30 days’ prior written notice to the MembersCompany. The resignation Company’s acceptance of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such The resignation of the Manager shall not affect the resigning Manager’s its rights and liabilities as a Member and shall not constitute a dissociation of such Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Viroment Capital, LLC)

Resignation of Manager. A The Manager may resign at any time by delivering giving written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation to the Company specifying a date (which date shall be not be necessary to make it effective. Such less than 30 days after the giving of such notice) upon which such resignation shall take effect; provided, however, that notwithstanding such 30 day notice period, the Manager’s resignation shall not affect become effective until the resigning Manager’s rights and liabilities as appointment of a Member, if applicablesuccessor Manager pursuant to the terms of the ORPD LLC Agreement.

Appears in 1 contract

Samples: Agreement for Purchase of Membership Interests (Ormat Technologies, Inc.)

Resignation of Manager. A Manager may resign from his position as a Manager at any time by delivering written notice to all of the Members. The resignation of a Manager shall take effect upon Members and the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effectiveremaining Managers. Such resignation shall not affect the resigning Manager’s rights and liabilities become effective as a Member, if applicableset forth in such notice.

Appears in 1 contract

Samples: Operating Agreement (Starmet Corp)

Resignation of Manager. A Manager may resign from his position as a member of the Board at any time by delivering written notice to the Members. The Such resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time become effective as shall be specified set forth in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Guitammer Co)

Resignation of Manager. A Any Manager may resign at any time. A resignation shall be made in writing and shall take effect at the time specified therein, or if no time be specified, at the time of its receipt by delivering written notice to the Members. The resignation acceptance of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect , unless expressly so provided in the resigning Manager’s rights and liabilities as a Member, if applicableresignation.

Appears in 1 contract

Samples: Operating Agreement (Noble Advisors, LLC)

Resignation of Manager. A Manager may resign from its position as a Manager at any time by delivering upon not less than 30 days prior written notice to all of the Members. The resignation Members and to the members of a Manager shall take effect upon the Members’ receipt Board of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicableAdvisors.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ects a Scenic Technology Co Inc)

Resignation of Manager. A Manager may resign at any time by delivering as Manager of the Company upon giving written notice to the Members. The resignation of a Manager shall take effect upon Members and the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of other Managers and such resignation shall not be necessary to make it effective. Such effective at the time a successor Manager is duly elected and qualified, provided, however, the effective date of the resignation shall not affect exceed sixty (60) days from the resigning Manager’s rights and liabilities as a Member, if applicabledate the notice is given.

Appears in 1 contract

Samples: Operating Agreement (Starcraft Corp /In/)

Resignation of Manager. A Manager may resign at any time by delivering giving thirty (30) days’ written notice to the MembersCompany. Any such resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of some other event. The resignation Company’s acceptance of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Such resignation A successor Manager shall not affect be filled by the resigning Manager’s rights and liabilities as a affirmative vote of the Class A Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Auor Capital Fund v LLC)

Resignation of Manager. A Manager may resign from his position as Manager of the Company at any time by delivering giving written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effectivethe Member, specifying the proposed effective date of such resignation. Such No resignation shall not of any Manager who is a Member shall, by itself, constitute a withdrawal of such resigning Manager as a Member or otherwise affect the resigning Manager’s rights and liabilities responsibilities of such resigning Manager as a Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Kingsway Financial Services Inc)

Resignation of Manager. A Any Manager may resign from the Board of Managers at any time by delivering giving written notice to the MembersCompany. The resignation of a any Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such the notice, and, unless otherwise specified therein, the . The acceptance of such the resignation shall not be necessary to make it effective. Such resignation shall not affect the resigning Manager’s rights and liabilities as a Member, if applicable.

Appears in 1 contract

Samples: Operating Agreement (Beard Co /Ok)

Resignation of Manager. A Manager may resign as a ---------------------- Manager at any time by delivering written notice to the Members. The resignation of a Manager shall take effect upon the Members’ receipt of notice thereof or at such later time as shall be specified in such notice, and, unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effectiveMember. Such resignation shall not affect the resigning Manager’s rights and liabilities be effective as a Member, if applicableset forth in such notice.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Txu Transition Bond Co LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!