Common use of Removal of Managers Clause in Contracts

Removal of Managers. Subject to Sections 7.15 and 7.16 of this Agreement, the entire Board or any individual Manager may be removed from office by the Member, pursuant to the terms of this Agreement.

Appears in 46 contracts

Sources: Limited Liability Company Agreement (Honda Auto Receivables 2013-4 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2014-4 Owner Trust), Limited Liability Company Agreement (Honda Auto Receivables 2013-2 Owner Trust)

Removal of Managers. Subject to Sections 7.15 and 7.16 of this Agreement7.16, the entire Board or any individual Manager may be removed with or without cause from office by the Member, pursuant to the terms of this Agreement.

Appears in 17 contracts

Sources: Limited Liability Company Agreement (Nissan-Infiniti Lt LLC), Limited Liability Company Agreement (Nissan Auto Leasing LLC Ii), Limited Liability Company Agreement (Nissan-Infiniti Lt)

Removal of Managers. Subject to Sections 7.15 and 7.16 of this Agreement, the entire Board or any individual Manager may be removed from office by the Member, pursuant to except as limited by the terms appropriate sections of this Agreementthe Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Toyota Auto Finance Receivables LLC)