Common use of Withdrawal of Manager Clause in Contracts

Withdrawal of Manager. The Manager may not resign or withdraw as manager of the Company without (i) Class A Member Approval, and

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

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Withdrawal of Manager. The Manager may not resign or withdraw as manager Manager of the Company without the consent of the Members. (i) Class A Member Approval, andb)

Appears in 1 contract

Samples: Operating Agreement (Pepco Holdings Inc)

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Withdrawal of Manager. The Manager may not resign or withdraw as manager Manager of the Company without the consent of the Members provided that, in the event that the Manager transfers its Interest as a Member pursuant to a Permitted Transfer in accordance with Section 10 hereof, it may withdraw as the Manager and the Members hereby agree to appoint the transferee of such Interest as successor Manager pursuant to Section 5.7(d). (i) Class A Member Approval, andb)

Appears in 1 contract

Samples: Contribution Agreement (Pepco Holdings Inc)

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