Removal of the Managing Member. Upon the written consent of the Non-Managing Members having at least 66 2/3% of the Units, the Managing Member shall be required to withdraw from the Company, and the Company shall be wound up and terminated, unless the Non-Managing Members having at least 66 2/3% of the Units agree in writing to continue the business of the Company and to the appointment of one or more new managing members.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Goldman Sachs Hedge Fund Partners LLC), Limited Liability Company Agreement (Goldman Sachs Hedge Fund Partners LLC)