Removal of Manager. The Manager may resign at any time, or may be removed at any time by a vote of the Members holding the Required Interest. Upon such removal or resignation, a new Manager shall be designated by a vote of the Members holding the Required Interest. Other than as set forth in this Section 5.5, the Manager may not be removed.
Appears in 10 contracts
Sources: Operating Agreement (Boise White Paper Sales Corp.), Limited Liability Company Agreement (Boise White Paper Sales Corp.), Operating Agreement (Boise White Paper Sales Corp.)
Removal of Manager. The Manager may resign be removed or replaced at any time, with or may be removed at any time without cause, by a vote of the Members holding the Required InterestRequisite Members. Upon Following such removal or resignationreplacement, a new successor Manager shall be designated elected by a vote the Requisite Members. The removal of the Members holding the Required Interest. Other than Manager shall not affect its rights as set forth in this Section 5.5, the Manager may a Member and shall not be removedconstitute a dissociation of such Member.
Appears in 2 contracts
Sources: Operating Agreement (Viroment Capital, LLC), Limited Liability Company Agreement
Removal of Manager. The Manager may resign at any time, or may be removed at any time by a vote of the Members holding the Required Interest. Upon such removal or resignation, a new Manager shall be designated by a vote of the Members holding the Required Interest. Other than as set forth in this Section 5.5, . the Manager may not be removed.
Appears in 1 contract
Removal of Manager. The Manager may be removed or replaced at any time, with or without cause, by a Member Supermajority vote. The Manager may resign at any time, or may be removed at any time by delivering a vote written resignation to the Company, which resignation shall be effective upon receipt thereof unless it is specified to be effective at some other time or upon the occurrence of a particular event. Any vacancy occurring in the Members holding the Required Interest. Upon such removal or resignation, a new office of Manager shall be designated filled by a vote Member Supermajority vote. The removal or resignation of the Members holding Manager shall not affect the Required Interest. Other than Manager’s rights as set forth in this Section 5.5, the Manager may a Member and shall not be removedconstitute a dissociation of such Member.
Appears in 1 contract
Sources: Operating Agreement