Common use of Term and Removal of the Manager Clause in Contracts

Term and Removal of the Manager. The Manager will serve as manager for an indefinite term and shall have no right to withdraw as manager. Notwithstanding the foregoing, the Manager shall be automatically removed if it ceases to be the manager of Gateway or if it engages in any activity that would constitute a “disqualification event” under Rule 262 of Regulation A under the Securities Act.

Term and Removal of the Manager. The Manager Managers will serve as manager managers for an indefinite term and shall have no right to withdraw as managermanagers. Notwithstanding the foregoing, the either Manager shall be automatically removed if it he ceases to be the a manager of Gateway 1000 Xxxx Xxxx or if it he engages in any activity that would constitute a “disqualification event” under Rule 262 of Regulation A under the Securities Act.

Term and Removal of the Manager. The Manager will serve as manager for an indefinite term and shall have no right to withdraw as manager. Notwithstanding the foregoing, the Manager shall be automatically removed if it ceases to be the manager of Gateway 286 Lenox or if it engages in any activity that would constitute a “disqualification event” under Rule 262 of Regulation A under the Securities Act.

Term and Removal of the Manager. The Manager will serve as manager for an indefinite term and shall have no right to withdraw as manager. Notwithstanding the foregoing, the Manager shall be automatically removed if it ceases to be the manager of Gateway One Chestnut Partners or if it engages in any activity that would constitute a “disqualification event” under Rule 262 of Regulation A under the Securities Act.