Termination of Status of a Director. The status of a Director shall terminate if the Director (i) shall die; (ii) shall be adjudicated incompetent; (iii) shall voluntarily withdraw as a Director (upon not less than 90 days’ prior written notice to the other Directors, unless the other Directors waive such notice); (iv) shall be removed under Section 4.3; (v) shall be certified by a physician to be mentally or physically unable to perform his duties hereunder; or (vi) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (CPG Carlyle Commitments Fund, LLC), Limited Liability Company Agreement (SCS Hedged Opportunities Fund, LLC), Limited Liability Company Agreement (SCS Hedged Opportunities (1099) Fund, LLC)
Termination of Status of a Director. The status of a Director shall terminate if the Director (i) shall die; (ii) shall be adjudicated incompetent; (iii) shall voluntarily withdraw as a Director (upon not less than 90 days’ ' prior written notice to the other Directors, unless the other Directors waive such notice); (iv) shall be removed under Section 4.3; (v) shall be certified by a physician to be mentally or physically unable to perform his duties hereunder; or (vi) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (CPG Carlyle Commitments Master Fund, LLC), Limited Liability Company Agreement (CPG Carlyle Master Fund, LLC), Limited Liability Company Agreement (HSBC Absolute Return Portolio LLC)
Termination of Status of a Director. The status of a Director shall terminate if the Director shall: (i) shall die; (ii) shall be adjudicated incompetent; (iii) shall voluntarily withdraw or resign as a Director (upon not less than 90 days’ ' prior written notice to the other Directors, unless the other Directors waive such notice)) voluntarily or in accordance with any retirement policy; (iv) shall be removed under Section 4.34.3 hereof; (v) shall be certified by a physician to be mentally or physically unable to perform his duties hereunder; or (vi) shall have a receiver appointed to administer the property or affairs of such Director.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CPG Cooper Square International Equity, LLC), Limited Liability Company Agreement (BBR ALO Fund, LLC)
