Common use of Term of Officers Clause in Contracts

Term of Officers. (i) An Officer may resign at any time by giving written notice to the Managing Member. The resignation of an Officer shall take effect upon the Managing Member’s receipt of written notice of the Officer’s resignation or at such later time as shall be specified in the written notice. Unless otherwise specified in the Officer’s written notice of resignation, the acceptance of the Officer’s resignation shall not be necessary to make it effective. If the Officer also is a Member, the Officer’s resignation as an Officer shall not affect the Officer’s rights as a Member and shall not constitute a withdrawal of the Officer as a Member.

Term of Officers. (i) An Officer may resign at any time by giving written notice to the Managing Common Member. The resignation of an Officer shall take effect upon the Managing Common Member’s receipt of written notice of the Officer’s resignation or at such later time as shall be specified in the written notice. Unless otherwise specified in the Officer’s written notice of resignation, the acceptance of the Officer’s resignation shall not be necessary to make it effective. If the Officer also is a Member, the Officer’s resignation as an Officer shall not affect the Officer’s rights as a Member and shall not constitute a withdrawal of the Officer as a Member.

Term of Officers. (i) An Officer of the Company may resign at any time by giving written notice to the Managing MemberManagement Board. The resignation of an Officer of the Company shall take effect upon the Managing MemberManagement Board’s receipt of written notice of the Officer’s resignation or at such later time as shall be specified in the written notice. Unless otherwise specified in the Officer’s written notice of resignation, the acceptance of the Officer’s resignation shall not be necessary to make it effective. If the Officer also is a Member, the Officer’s resignation as an Officer shall not affect the Officer’s rights as a Member and shall not constitute a withdrawal of the Officer as a Member.

Term of Officers. (i) An Officer may resign at any time by giving written notice to the Managing MemberBoard of Managers. The resignation of an Officer shall take effect upon the Managing Member’s Board of Manager's receipt of written notice of the Officer’s 's resignation or at such later time as shall be specified in the written notice. Unless otherwise specified in the Officer’s 's written notice of resignation, the acceptance of the Officer’s 's resignation shall not be necessary to make it effective. If the Officer also is a Member, the Officer’s 's resignation as an Officer shall not affect the Officer’s 's rights as a Member and shall not constitute a withdrawal of the Officer as a Member.