Common use of Term of Member Representatives Clause in Contracts

Term of Member Representatives. Each Member Representative shall hold office until his death, resignation, retirement, or removal by the Member that appointed him. If a vacancy shall occur in the Management Committee, the Member that appointed such vacating Member Representative may appoint his successor by giving written notice thereof to the other Member. Similarly, if either Member desires to replace its appointee, such Member may remove and replace such appointee at any time by giving written notice thereof to the other Member.

Appears in 4 contracts

Samples: Joint Venture Agreement (Teknik Digital Arts Inc.), Joint Venture Agreement (Teknik Digital Arts Inc.), Joint Venture Agreement (Teknik Digital Arts Inc.)

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