Resignation or Removal of the Manager. The Manager may be removed by the Company upon 30 days’ notice in writing or may resign upon 90 days’ notice in writing. On the effective date of the removal or resignation of the Manager or as close to such date as is reasonably possible, the Manager shall provide the Company with a final report containing the same information as paragraph 4 above.
Resignation or Removal of the Manager. Except in the event of a Transfer (as defined below) of its Units, Saint Andrews shall not resign as xxx Xxxager without the prior written consent of Callaway Golf. Callaway Golf may, at its option, remove Saint Andrews as the Manager upon xxx xxxurrence of (i) the insolvency of Saint Andrews, (ii) Saint Andrews' (x) xommission of xxxxx xn the formation of the Company or in the performance of its duties, or (b) commission of a willful breach of an obligation of the terms of this Agreement, (iii) the Company's failure to meet the performance criteria set forth in Schedule 5.7 attached hereto, (iv) Saint Andrews' failure to make its Xxxxxxl Contribution pursuant to Article III, or (v) the discontinuation of the minimum level of involvement of Ron Boreta or the Manager's xxxxxxx xx nominate an acceptable replacement in the event of his death or disability pursuant to Section 5.1. If Callaway Golf removes Saint Andrews as the Manager pursuxxx xx this Section 5.7, then Callaway Golf, or its designee, may purchase Saint Andrews' Membership Interest xxx xxsh in an amount equal to the Appraised Unit Value (determined in accordance with Section 7.2) times the number of Units owned by Saint Andrews. Such sale and purcxxxx xxall be consummated at the principal offices of the Company on a mutually agreeable date not less than thirty (30) nor more than forty-five (45) days following the removal of Saint Andrews as the Manager.
Resignation or Removal of the Manager. The Manager may resign as the Manager at any time and may be removed at any time, with or without cause, by the Class B Members holding a majority of the outstanding Class B Common Units by vote at a meeting of the Class B Members held for such purpose or by action by written consent; provided, however, that no (i) such resignation or removal shall be effective until a successor Manager has been duly elected in accordance with Section 7.02, and (ii) PubCo shall not resign as the Manager for so long as it is a Member. Any vacancies occurring in the position of Manager shall be filled in accordance with Section 7.02.
Resignation or Removal of the Manager
