Common use of Term of Office; Resignation; Removal; Vacancies Clause in Contracts

Term of Office; Resignation; Removal; Vacancies. The Board of Managers shall elect the officers of the Company who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of Managers; and all officers of the Company shall hold office until their successors are chosen and qualified, or until their earlier death, resignation or removal. Any officer may resign at any time upon written notice to the Company directed to the Board of Managers and the Secretary. Such resignation shall take effect at the time specified therein, and unless otherwise specified therein no acceptance of such resignation shall be necessary to make it effective. The Board of Managers may remove any officer or agent with or without cause at any time by the affirmative vote of a majority of the Board of Managers. Any such removal shall be without prejudice to the contractual rights of such officer or agent, if any, with the Company, but the election of an officer or agent shall not of itself create any contractual rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise may be filled by the Board of Managers.

Term of Office; Resignation; Removal; Vacancies. The Subject to Section 2.9(b), the Board of Managers Directors shall elect the officers of the Company who shall hold their offices for such terms and shall exercise such powers and perform such duties as shall be determined from time to time by the Board of ManagersDirectors; and all officers of the Company shall hold office until their successors are chosen and qualified, or until their earlier death, resignation or removal. Any officer may resign at any time upon written notice to the Company directed to the Board of Managers Directors and the Secretary. Such resignation shall take effect at the time specified therein, and unless otherwise specified therein no acceptance of such resignation shall be necessary to make it effective. The Board of Managers Directors may remove any officer or agent with or without cause at any time by the affirmative vote of a majority of the Board of ManagersDirectors. Any such removal shall be without prejudice to the contractual rights of such officer or agent, if any, with the Company, but the election of an officer or agent shall not of itself create any contractual rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise may be filled by the Board of ManagersDirectors.

Term of Office; Resignation; Removal; Vacancies. The Subject to Section 2.9(b), the Board of Managers shall elect the officers of the Company who shall hold their offices for such terms and, except as provided in Sections 3.3 and 3.6 regarding the Chief Compliance Officer, shall exercise such powers and perform such duties as shall be determined from time to time by the Board of ManagersBoard; and all officers of the Company shall hold office until their successors are chosen and qualified, or until their earlier death, resignation or removal. Any officer may resign at any time upon written notice to the Company directed to the Board of Managers and the Secretary. Such resignation shall take effect at the time specified therein, and unless otherwise specified therein no acceptance of such resignation shall be necessary to make it effective. The Board of Managers may remove any officer or agent with or without cause at any time by the affirmative vote of a majority of the Board of ManagersBoard. Any such removal shall be without prejudice to the contractual rights of such officer or agent, if any, with the Company, but the election of an officer or agent shall not of itself create any contractual rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise may be filled by the Board of ManagersBoard.

Term of Office; Resignation; Removal; Vacancies. The Board of Managers shall elect the officers of the Company who Officers shall hold their offices for such terms and and, except as provided in Section 4.7 regarding the Chief Compliance Officer, shall exercise such powers and perform such duties as shall be determined from time to time by the Board of ManagersBoard; and all officers Officers of the Company shall hold office until their successors are chosen and qualified, or until their earlier death, resignation or removal. Any officer Officer may resign at any time upon by giving written notice to the Company directed to the Board of Managers and the SecretaryBoard. Such resignation shall take effect at the date of the receipt of such notice or at any later time specified therein, in such notice (unless such officer is otherwise removed prior to such date); and unless otherwise specified therein no acceptance of such resignation shall be necessary to make it effective. The Board of Managers may remove any officer Officer or agent with or without cause at any time by the affirmative vote of a majority of the Board of ManagersBoard. Any such removal shall be without prejudice to the contractual rights of such officer Officer or agent, if any, with the Company, but the election of an officer Officer or agent shall not of itself create any contractual rights. Any vacancy occurring in any office of the Company by death, resignation, removal or otherwise may be filled by the Board of ManagersBoard.