Common use of Termination of a Member Clause in Contracts

Termination of a Member. Any Member may be removed by agreement of a super- majority of two thirds (2/3) of all of the Members. Written notice of a meeting where removal of a Member is to be considered shall include a specific reference to this matter. The vote action shall be treated as receipt of a request for withdrawal. The removal shall become effective upon payment of the value of the removed Member's capital account, which shall be in accordance with the provisions set forth in this Article 7.

Termination of a Member. Any Member may be removed by agreement of a super- majority of two thirds (2/3) of all of the Members. Written notice of a meeting where removal of a Member is to be considered shall include a specific reference to this matter. The vote action shall be treated as receipt of a request for withdrawaldissociation. The removal shall become effective upon payment of the value of the removed Member's capital account, which shall be in accordance with the provisions set forth in this Article 7.