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

Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A Member; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the Class A Member.

Appears in 6 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Memorial Production Partners LP), Limited Liability Company Agreement (Memorial Production Partners LP)

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Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A MemberMembers; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the unanimous consent of the Class A MemberMembers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP), Limited Liability Company Agreement

Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A MemberMember Approval; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the Class A MemberMembers holding a majority of the then outstanding Membership Interests.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (New Source Energy Partners L.P.), Limited Liability Company Agreement (New Source Energy Partners L.P.)

Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A MemberMembers; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the Class A MemberMembers.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Sanchez Production Partners LP), Limited Liability Company Agreement (Constellation Energy Partners LLC)

Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A MemberMember Approval; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the Class A Member.Members holding a majority of the then outstanding Membership Interests. hereof,

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A Member; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the Class A Memberunanimous consent of the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP)

Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A MemberMembers; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the Class A Memberunanimous consent of the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mid-Con Energy Partners, LP)

Term; Resignation; Vacancies; Removal. Each Director shall hold office until his death or incapacity or until his successor is appointed and qualified or until his earlier resignation or removal. Any Director may resign at any time upon written notice to the Board or to the President. 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. Vacancies and newly created directorships resulting from any increase in the authorized number of Directors or from any other cause shall be filled by the Class A MemberMembers; and any Director so chosen shall hold office until the next annual election, if any, and until his successor shall be duly appointed and shall qualify, unless sooner displaced. Any Director may be removed, with or without cause, by the Class A Member.Members. hereof,

Appears in 1 contract

Samples: Limited Liability Company Agreement

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