Common use of Resignation; Removal; Vacancies Clause in Contracts

Resignation; Removal; Vacancies. Any officer or agent may resign by delivering a written letter of resignation to the Senior Manager, the Secretary or to the Board of Managers which resignation shall not require acceptance and, unless otherwise specified in the letter of resignation, shall be effective upon receipt. The Board of Managers or the officer appointing the officer or agent may remove any officer or agent at any time without giving any reason for such removal and no officer or agent or shall be entitled to any damages by virtue of such officer’s removal from office or such position as agent. If any office becomes vacant, the position may be filled by the Board of Managers or in such other manner as the officer in question was appointed.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.)

AutoNDA by SimpleDocs

Resignation; Removal; Vacancies. Any officer or agent may resign by delivering a written letter of resignation to the Senior ManagerChairman, if any, the President, the Secretary or to the Board of Managers Managers, which resignation shall not require acceptance and, unless otherwise specified in the letter of resignation, shall be effective upon receipt. The Board of Managers or the officer appointing the officer or agent may remove any officer or agent at any time without giving any reason for such removal and no officer or agent or shall be entitled to any damages by virtue of such officer’s 's removal from office or such position as agent. If any office becomes vacant, the position may be filled by the Board of Managers or in such other manner as the officer in question was appointed.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp), Limited Liability Company Agreement (Rio Vista Energy Partners Lp)

Resignation; Removal; Vacancies. Any officer or agent may resign by delivering a written letter of resignation to the Senior ManagerChair, the President, the Secretary or to the Board of Managers Company Manager or Series Manager, as the case may be, which resignation shall not require acceptance and, unless otherwise specified in the letter of resignation, shall be effective upon receipt. The Board of Managers Company Manager or Series Manager, as the officer appointing the officer or agent case may be, may remove any officer or agent at any time without giving any reason for such removal and no officer or agent or shall be entitled to any damages by virtue of such officer’s removal from office or such position as agent. If any office becomes vacant, the position may be filled by the Board of Managers Company Manager or Series Manager, as the case may be, or in such other manner as the officer in question was appointed.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC), Limited Liability Company Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)

Resignation; Removal; Vacancies. Any officer or agent may resign by delivering a written letter of resignation to the Senior ManagerChair, the President, the Secretary or to the Board of Managers Managers, which resignation shall not require acceptance and, unless otherwise specified in the letter of resignation, shall be effective upon receipt. The Board of Managers or the officer appointing the officer or agent may remove any officer or agent at any time without giving any reason for such removal and no officer or agent or shall be entitled to any damages by virtue of such officer’s removal from office or such position as agent. If any office becomes vacant, the position may be filled by the Board of Managers or in such other manner as the officer in question was appointed.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Archipelago Learning, Inc.)

AutoNDA by SimpleDocs

Resignation; Removal; Vacancies. Any officer or agent may --------------------------------- resign by delivering a written letter of resignation to the Senior ManagerChairman, if any, the President, the Secretary or to the Board of Managers Managers, which resignation shall not require acceptance and, unless otherwise specified in the letter of resignation, shall be effective upon receipt. The Board of Managers or the officer appointing the officer or agent may remove any officer or agent at any time without giving any reason for such removal and no officer or agent or shall be entitled to any damages by virtue of such officer’s 's removal from office or such position as agent. If any office becomes vacant, the position may be filled by the Board of Managers or in such other manner as the officer in question was appointed.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Penn Octane Corp)

Resignation; Removal; Vacancies. Any officer or agent may resign by delivering a written letter of resignation to the Senior ManagerPresident, the Secretary or to the Board of Managers addressed to the Company, which resignation shall not require acceptance and, unless otherwise specified in the letter of resignation, shall be effective upon receipt. The Board of Managers or the officer appointing the officer or agent may remove any officer or agent at any time without giving any reason for such removal and no officer or agent or shall be entitled to any damages by virtue of such officer’s 's removal from office or such position as agent. If any office becomes vacant, the position may be filled by the Board of Managers or in such other manner as the officer in question was appointed.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PSF Holdings LLC)

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