Common use of Resignation; Vacancies Clause in Contracts

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. A Manager may resign at any time by giving providing written notice to that effect to the BoardBoard of Managers. Any such The resignation shall take effect when received by the Company, or at a later date stated in the time notice of resignation. Vacancies in the Board of Managers, including vacancies resulting from an increase in the number of Managers, may be filled by a majority vote of the receipt of that notice or any later effective time specified in that notice; and, unless otherwise specified in that notice, the acceptance remaining members of the resignation Board though less than a quorum, and each person so selected shall not be necessary a Manager to make it effective. Any vacancyserve until the next election of Managers, whether due to and until a successor has been selected and qualified or until his or her earlier 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.