Designation; Removal. Limoneira may deliver a termination notice to ▇▇▇▇▇ ("Removal Notice") removing ▇▇▇▇▇ as Manager upon the occurrence of any of the following events: (i) the Manager is a member and Transfers its Membership Interest in breach of the terms of this Agreement, which is not cured within the Cure Period; (ii) Manager, Manager Affiliate, or any Representative of ▇▇▇▇▇ has been convicted of a felony related to the Property or the Company (exclusive of any felony involving the operation of a motor vehicle); (iii) any Bad Conduct by Manager, its Affiliates, or any Representative of ▇▇▇▇▇ relating to the Project or the Company; (iv) any material breach of this Agreement or any Affiliate Agreement by Manager or any of its Affiliates, which is not cured within the Cure Period; (v) The occurrence of a Voluntary Bankruptcy Event, Involuntary Bankruptcy Event or Dissolution Event with respect to ▇▇▇▇▇, the Manager Affiliate, or ▇▇▇▇▇ Guarantor.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Limoneira CO), Contribution Agreement (Limoneira CO)