Resignation; Vacancies. A Manager may resign at any time by giving written notice to that effect to the Board. Any such resignation shall take effect at the time of the receipt of that notice or any later effective time specified in that notice; and, unless otherwise specified in that notice, the acceptance of the resignation shall not be necessary to make it effective. Any vacancy, whether due to death, resignation or removal, of any Manager shall be filled only by the vote or consent of the persons entitled to designate such former Manager pursuant to Section 3.1(c)(i) through (v) above.
Resignation; Vacancies. Except as otherwise provided in this Operating Agreement, each Representative on the Board of Representatives shall serve at the pleasure of the Member that designated him or her. Each Member shall have the right at any time, exercisable by written notice to the other Members and to the Board of Representatives, to remove (with or without cause) any Representative or Alternate designated by such Member and to designate a new Representative or Alternate. Subject to applicable law, rule or regulation, no Representative or Alternate may be removed except by the Member designating the same. Any Representative or Alternate may resign at any time by giving written notice to the Member that appointed such Representative and to the Board of Representatives. Such resignation shall take effect on the date shown on or specified in such notice or, if such notice is not dated and the date of resignation is not specified in such notice, on the date of the receipt of such notice by the Board of Representatives. No acceptance of such resignation shall be necessary to make it effective. Any vacancy on the Board of Representatives or with respect to any Alternates shall be filled only by the Member whose Representative or Alternate caused the vacancy.
Resignation; Vacancies. The Seller Representative may resign from its position as Seller Representative at any time by written notice delivered to the Parent and the Securityholders if, concurrently with such resignation, another Person reasonably acceptable to the Parent is duly appointed as the successor Seller Representative and the written notice is accompanied by a copy of the requisite written consent of the Securityholders in accordance with the succeeding sentence. If there is a vacancy at any time in the position of the Seller Representative for any reason, such vacancy shall be filled by the majority vote in accordance with the method set forth in Section 11.01(b) above.
Resignation; Vacancies. The Equityholder Representative may resign from its position as Equityholder Representative at any time by written notice delivered to the Buyer and the Equityholders. If there is a vacancy at any time in the position of the Equityholder Representative for any reason, such vacancy shall be filled by a majority vote in accordance with the method set forth in Section 14.1(b).
Resignation; Vacancies. Any director may resign at any time upon written notice to the Corporation. Subject to the rights of the holders of any series of preferred stock to elect directors and the rights granted pursuant to the terms of the Investor Rights Agreements, any newly created directorship or any vacancy occurring in the Board of Directors for any cause may be filled by a majority of the remaining members of the Board of Directors, although such majority is less than a quorum, or by the sole remaining director, and each director so chosen shall hold office until the next election of the class for which such director shall have been chosen and until his or her successor is elected and qualified.
Resignation; Vacancies. Any member of the top circle may resign from the top circle at any time by submitting a letter of resignation to the secretary of the top circle Any newly created membership or any vacancy occurring in the top circle for any cause may be filled by a person selected by the consent of the remaining members of the top circle and each member so elected shall hold office until the expiration of the term of office of the member of the top circle whom he or she has replaced or until his or her successor is elected and qualified. The CEO shall be elected or re-elected at two-year intervals at the first top circle meeting after the annual investors’ meeting. The representative(s) from the general circle shall be elected at intervals of up to two years on a schedule set by the general circle.
Resignation; Vacancies. Except as otherwise provided in this Partnership Agreement, the Representatives on the Board of Representatives shall hold office at the pleasure of the Partner which designated them. Any such Partner shall have the right, in its sole discretion, at any time, exercisable by written notice to the other Partners and to the Board of Representatives, to remove (with or without cause) its Representative or an Alternate on the Board of Representatives and to designate a new Representative or Alternate. Subject to applicable law, rule or regulation, no Representative or Alternate may be removed except by the Partner designating the same. Any Representative on the Board of Representatives may resign at any time by giving written notice to the Partner which appointed such Representative and to the Board of Representatives. Such resignation shall take effect on the date shown on or specified in such notice or, if such notice is not dated and the date of resignation is not specified in such notice, on the date of the receipt of such notice by the Board of Representatives. No acceptance of such resignation shall be necessary to make it effective. Any vacancy on any Board of Representatives shall be filled only by the Partner whose Representative has caused the vacancy by giving written notice to the Board of Representatives and to each other Partner, and each of the Partners agrees, as necessary, to cause its designated Representatives on the Board of Representatives to vote, for any person so nominated by the Partner whose Representative has caused such vacancy.
Resignation; Vacancies. The Beneficial Owner Representative may resign or such agency may be changed by the Seller from time to time upon not less than ten (10) days prior written notice to Buyer and the Beneficial Owner Representative may be removed by the Seller. Furthermore, a vacancy in the position of the Beneficial Owner Representative may be filled by the Seller. The immunities and rights to indemnification shall survive the resignation or removal of the Beneficial Owner Representative or any member of the Advisory Group and the Closing and/or any termination of this Agreement and the Escrow Agreement.
Resignation; Vacancies. The Corporation shall have the orders and assistant officers that the Board of Directors appoint from time to time Except as otherwise provided in an employment agreement which the Corporation has with an officer, each officer shall serve until a successor is chosen by the directors at a regular or special meeting of the directors or until removed. Officers and agents shall be chosen, serve for the terms, and have the duties determined by the directors. A person may hold two or more Offices. Any officer may resign at any time upon written notice to the Corporation The resignation shall be effective upon receipt, unless the notice specifies a later date If the assignation is effective at a later date and the Corporation accepts the future effective date, the Board of Directors may fill the pending vacancy before the effective date provided the successor officer does not take office until the future effective date. Any vacancy occurring in any office of the Corporation by death, resignation, removal or otherwise may be filled for the unexpired portion of the term by the Board of Directors at any regular or special meeting.
Resignation; Vacancies. The Manager may resign at any time. Such resignation shall be made in writing delivered to the Company and the Members and shall take effect at the time specified therein, or, if not time is specified, then at the time of its receipt by the Company. So long as Norhart Invest is the legal and beneficial owner of all then-outstanding Preferred Units, all vacancies shall be filled by the affirmative vote or written consent of the Preferred Members. In the event that Xxxxxxx Invest shall not have the right to fill vacancies of the Manager in accordance with the foregoing sentence, all vacancies shall be filled by the affirmative vote or written consent of the Members holding a majority of the then-outstanding Common Units.
