Resignation of the Manager. The Manager may not be removed. The Manager may resign at any time upon five days’ prior written notice to the Members. Upon such resignation, the Manager may appoint a successor Manager.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Resignation of the Manager. The Manager may not be removed. The Manager may resign at any time upon five five days’ prior written notice to the Members. Upon such resignation, the Manager may appoint a successor Manager.
Appears in 4 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
Resignation of the Manager. The Manager may not be removed. The Manager may resign at any time upon five without cause by giving at least 60 days’ ' prior written notice to the Members. Upon such resignation, the Manager may appoint a successor ManagerTrustee and each Unitholder.
Appears in 1 contract
Samples: Business Trust Agreement (Kevco Partners Investment Trust)
Resignation of the Manager. The Manager may not be removed. The Manager may voluntarily resign as a manager of the Company at any time upon five days’ prior written notice to the Memberstime. Upon such resignation, the Members may elect a replacement manager (who need not be a Member). The resigned Manager may appoint a successor Managershall retain full rights to its Interest.
Appears in 1 contract
Samples: Limited Liability Company Agreement
