Common use of Successor Manager Clause in Contracts

Successor Manager. (a) Upon the occurrence of any Retirement referred to in Section 14.2, the remaining Managers, if any, may designate a Person to become a successor Manager to the Manager as to whom such event shall have occurred. Any Person so designated, subject to the Approval of the Members, shall become a successor Manager upon its written agreement to be bound by the provisions of this Agreement. (b) If any Retirement referred to in Section 14.2 shall occur at a time when there is no remaining Manager and no successor becomes a successor Manager pursuant to the preceding provisions of this Section 14.3, then 51% or more in interest of the Members shall have the right, to designate a Person to become a successor Manager upon its written agreement to be bound by the provisions of the Agreement. Indiana Residential Nominee Services, LLC Amended & Restated Operating Agreement February 15, 2007 (c) If the Members elect to reconstitute the Company pursuant to this Section 14.3 and admit a successor Manager pursuant to this Section 14.3, the relationship of the parties in the reconstituted Company shall be governed by this Agreement.

Successor Manager. (a) Upon the occurrence of any Retirement referred to in Section 14.2, the remaining Managers, if any, may designate a Person to become a successor Manager to the Manager as to whom such event shall have occurred. Any Person so designated, subject to the Approval of the Members, shall become a successor Manager upon its written agreement to be bound by the provisions of this Agreement. (b) If any Retirement referred to in Section 14.2 shall occur at a time when there is no remaining Manager and no successor becomes a successor Manager pursuant to the preceding provisions of this Section 14.3, then 5151 % or more in interest of the Members shall have the right, to designate a Person to become a successor Manager upon its written agreement to be bound by the provisions of the Agreement. Indiana Residential Nominee Services, LLC Amended & Restated Operating Agreement February 15, 2007. (c) If the Members elect to reconstitute the Company pursuant to this Section 14.3 and admit a successor Manager pursuant to this Section 14.3, Massachusetts Residential Nominee Services, LLC Amended & Restated Operating Agreement February 15, 2007 the relationship of the parties in the reconstituted Company shall be governed by this Agreement.

Successor Manager. (a) Upon the occurrence of any Retirement referred to in Section 14.2, the remaining Managers, if any, may designate a Person to become a Maine Residential Nominee Services, LLC Amended & Restated Operating Agreement February 15, 2007 successor Manager to the Manager as to whom such event shall have occurred. Any Person so designated, subject to the Approval of the Members, shall become a successor Manager upon its written agreement to be bound by the provisions of this Agreement. (b) If any Retirement referred to in Section 14.2 shall occur at a time when there is no remaining Manager and no successor becomes a successor Manager pursuant to the preceding provisions of this Section 14.3, then 5151 % or more in interest of the Members shall have the right, to designate a Person to become a successor Manager upon its written agreement to be bound by the provisions of the Agreement. Indiana Residential Nominee Services, LLC Amended & Restated Operating Agreement February 15, 2007. (c) If the Members elect to reconstitute the Company pursuant to this Section 14.3 and admit a successor Manager pursuant to this Section 14.3, the relationship of the parties in the reconstituted Company shall be governed by this Agreement.

Successor Manager. (a) Upon the occurrence of any Retirement referred to in Section 14.2, the remaining Managers, if any, may designate a Person to become a successor Manager to the Manager as to whom such event shall have occurred. Any Person so designated, subject to the Approval of the Members, shall become a successor Manager upon its written agreement to be bound by the provisions of this Agreement. (b) If any Retirement referred to in Section 14.2 shall occur at a time when there is no remaining Manager and no successor becomes a successor Manager pursuant to the preceding provisions of this Section 14.3, then 5151 % or more in interest of the Members shall have the right, to designate a Person to become a successor Manager upon its written agreement to be bound by the provisions of the Agreement. Indiana Residential Nominee Services, LLC Amended & Restated Operating Agreement February 15, 2007. (c) If the Members elect to reconstitute the Company pursuant to this Section 14.3 and admit a successor Manager pursuant to this Section 14.3, the relationship of the parties in the reconstituted Company shall be governed by this Agreement.. Vermont Residential Nominee Services, LLC Amended & Restated Operating Agreement February 16, 2007