Common use of Resignation of Manager Clause in Contracts

Resignation of Manager. Notwithstanding anything to the contrary contained herein, the Manager may resign at any time for any reason or for no reason and, in the event of such resignation, the Investor Member shall promptly designate another Affiliate of the Investor Member to act as manager of the Company.

Resignation of Manager. Notwithstanding anything to the contrary contained herein, the Manager The manager may resign at any time for any reason or for no reason and, in the event of such resignation, the Investor Member shall promptly designate another Affiliate of the Investor Member to act resign as manager of the Company; provided however that either (a) one or more new managers must be appointed, subject to Section 20 hereof, upon its or their execution of an instrument signifying its or their agreement to be bound as a manager by the terms and conditions of this Operating Agreement, or (b) the Company shall become member-managed.

Resignation of Manager. Notwithstanding anything to the contrary contained herein, the The Manager may resign as the Manager at any time for any reason or for no reason andupon written Notice to the Company, in without prejudice to the event of such resignationrights, the Investor Member shall promptly designate another Affiliate if any, of the Investor Company under any contract to which the Manager is a party. If such Manager is also a Member to act as manager of the Company, such resignation shall not affect the Manager’s rights as a Member. Upon the resignation of a Manager, the Class B Members shall elect a replacement Manager.

Resignation of Manager. Notwithstanding anything to the contrary contained herein, the The Manager may resign as the Manager at any time for any reason or for no reason andupon written Notice to the Company, in without prejudice to the event of such resignationrights, the Investor Member shall promptly designate another Affiliate if any, of the Investor Company under any contract to which the Manager is a party. If such Manager is also a Member to act as manager of the Company, such resignation shall not affect the Manager’s rights as member. Upon the resignation of a Manager, the Class B Member shall elect a replacement Manager.

Resignation of Manager. Notwithstanding anything to the contrary contained herein, the A Manager may resign as a Manager at any time for any reason or for no reason and, in the event of such resignation, the Investor Member shall promptly designate another Affiliate of the Investor Member to act as manager of the Companytime.

Resignation of Manager. Notwithstanding anything to the contrary contained herein, the Any Manager may resign as a Manager at any time for any reason or for no reason andupon written Notice to the Company, in without prejudice to the event of such resignationrights, the Investor Member shall promptly designate another Affiliate if any, of the Investor Company under any contract to which the Manager is a party. If such Manager is also a Member to act as manager of the Company, such resignation shall not affect the Manager’s rights as a Member.