Resignation of Managing Member. The Managing Member may not voluntarily resign, unless otherwise consented to by all of the Members. Upon such resignation, the holders of at least a majority of the Common Units and the holders of at least a majority of the Series B Special Units shall appoint another Person (who may be a newly admitted Member) to manage the operations of the Company. The resignation of the Managing Member shall not affect its rights as a Member and shall not constitute a withdrawal of a Member.
Resignation of Managing Member. Upon ninety (90) days prior written notice, a Managing Member may resign. In the event of the resignation of the Managing Member, a successor Managing Member shall be appointed as provided in Section 9.5 below.
Resignation of Managing Member. The Managing Member may resign as manager of the Company at any time by giving twenty (20) days' written notice to the Company. The resignation of any Managing Member shall take effect upon receipt of such notice or at any later time specified in such notice. Unless otherwise specified in such notice, the acceptance of the resignation shall not be necessary to make it effective. The resignation of the Managing Member shall not affect the Managing Member's rights as a Member and shall not constitute a withdrawal of a Member.
Resignation of Managing Member. The Managing Member covenants that it will not resign as the manager of the Company without the consent of the Non-Managing Members.
Resignation of Managing Member. 11 4.3 Officers. 11 4.4 Compensation of Managing Member and Officers. 13 4.5 Indemnification. 13 4.6 Liability of Indemnitees. 14 4.7 Standards of Conduct and Modification of Duties. 15
Resignation of Managing Member. 44 13.2 Removal of Managing Member.................................44 13.3 Effects of a Withdrawal....................................46 13.4 Successor General Partner..................................47 13.5 Admission of Additional or Successor Managing Member.......48 13.6
Resignation of Managing Member. A Managing Member may --------------------------------- resign on thirty (30) days notice to the Members. A Managing Member who shall voluntarily or involuntarily be subject to Bankruptcy or who shall have defaulted as a Member for failure to pay a Deferred Capital Contribution under Section 2.5 shall be deemed to have resigned.
Resignation of Managing Member. A Managing Member may resign only with the prior written approval of the Majority in Interest, which shall be conditioned upon the agreement of one or more successor Managing Member who satisfy the requirements of Section 13.3 of this Agreement to be admitted as substitute Managing Member(s).
Resignation of Managing Member. Company will have delivered to Acquirer evidence satisfactory to Acquirer that the Managing Member, in office immediately prior to the Effective Time, has resigned in writing from such position effective as of the Effective Time.
Resignation of Managing Member. This Resignation of Managing Member (“Resignation”) is made and given as of the Closing pursuant to that certain Purchase and Sale Agreement (the “Agreement”), dated as of __________, 2021, by and among [________________________, a _______________________] (collectively, the “Sellers”), and EASTERLY GOVERNMENT PROPERTIES LP, a Delaware limited partnership (“Purchaser”). Each capitalized term used and not otherwise defined herein shall have the meaning ascribed thereto in the Agreement. Unless and until the Closing shall have occurred, this Resignation shall have no force or effect. [____________________], as sole member and managing member of [_______________], a [___________________] (the “Company”), hereby resigns as managing member of the Company without right to severance or other compensation upon or after Closing.
