Term of Manager. Except as otherwise stated in this Operating Agreement, no Manager shall have any contractual right to such position. A Manager shall serve until the earliest of: (1) The Resignation of such Manager; (2) Removal of the Manager with or without Cause by Majority in Interest of the Members; (3) Full liquidation of the Company and termination or surrender of its legal charter; or
Appears in 2 contracts
Samples: Operating Agreement (MacKenzie Realty Capital, Inc.), Operating Agreement (MacKenzie Realty Capital, Inc.)
Term of Manager. Except as otherwise stated in this Operating Agreement, no The Manager shall not have any contractual right to such position. A The Manager shall serve until the earliest of:
earlier of (1a) The the Dissociation of the Manager as a Shareholder, (b) the Resignation of such the Manager; , or (2c) the Removal of the Manager with or without Cause by Majority in Interest of the Members; (3) Full liquidation of the Company and termination or surrender of its legal charter; orManager.
Appears in 1 contract
Samples: Operating Agreement (ServiceMaster Consumer Services Limited Partnership)
Term of Manager. Except as otherwise stated in this Operating Agreement, no Manager shall have any contractual right to such position. A The Manager shall serve until the earliest of:
(1) 8.1.3.1 The Resignation of such Manager; (2) ;
8.1.3.2 Removal of the Manager with or without Cause cause by Majority in Interest of the Members; (3) Class B Member;
8.1.3.3 Full liquidation of the Company and termination or surrender of its legal charter; or
8.1.3.4 In the case of a Manager who is an individual, the death, bankruptcy or legal incapacity of such individual.
Appears in 1 contract
Samples: Limited Liability Company Agreement (MacKenzie Realty Capital, Inc.)
Term of Manager. Except as otherwise stated in this Operating Agreement, no Manager shall have any contractual right to such position. A Manager shall serve until the earliest of:
(1) The Resignation of such Manager; (2) Removal of the Manager with or without Cause by Majority in Interest of the Class B Members; (3) Full liquidation of the Company and termination or surrender of its legal charter; or
(4) In the case of a Manager who is an individual, the death, bankruptcy or legal incapacity of such individual.
Appears in 1 contract
Samples: Operating Agreement (MacKenzie Realty Capital, Inc.)
Term of Manager. Except as otherwise stated in this Operating Agreement, no No Manager shall Shall have any contractual right to such position. A Each Manager shall serve until the earliest of:
(1a) The Resignation Dissociation of such Manager, if also a Member;
(b) The resignation of such Manager; (2) Removal of the Manager with or without Cause by Majority in Interest of the Members; (3) Full liquidation of the Company and termination or surrender of its legal charter; or
Appears in 1 contract
Samples: Operating Agreement (Environmental Safeguards Inc/Tx)
