Common use of Removal of a Manager Clause in Contracts

Removal of a Manager. (a) The Members, at any time, upon the consent of Two-Thirds-in-Interest of the Members, may remove a Manager for "cause." For purposes hereof, "cause" means the occurrence of any one or more of the following acts on the part of the Manager(s):

Appears in 2 contracts

Sources: Limited Liability Company Agreement (White Owl Investors LLC), Limited Liability Company Agreement (Blackhawk Investors LLC)

Removal of a Manager. (a) The Members, at any time, upon the consent of Twotwo-Thirds-in-thirds in Interest of the Members, may remove a Manager for "cause." For purposes hereof, "cause" means the occurrence of any one or more of the following acts on the part of the Manager(s):

Appears in 1 contract

Sources: Limited Liability Company Agreement (Ziegler William R)