Term; Removal. The Manager will serve as our managing member for an indefinite term, but that the Manager may be removed for “Cause” following an affirmative vote of two-thirds of the Company’s Investors, or may choose to withdraw as manager, under certain circumstances.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Compound Projects, LLC), Limited Liability Company Agreement (Compound Projects, LLC), Limited Liability Company Agreement (Compound Projects, LLC)
Term; Removal. The Manager will serve as our managing member Manager for an indefinite term, term but that the Manager may be removed by the board of directors for “Cause” Cause following an affirmative vote of two-thirds of the Company’s InvestorsMembers. In the event the Manager is removed under the provisions of this Agreement, or the Company will immediately pay our Manager any compensation that may choose be owed to withdraw as manager, under certain circumstancesour Manager.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Reliance Real Estate Trust, LLC)
