Removal or Replacement of the Manager. The Manager, as selected by the Initial Member, may only be removed or replaced for “Cause” and only upon the approval of Class A Members holdings at least two-thirds of the Class A Shares. For purposes herein, “Cause” shall mean:
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Masterworks 001, LLC), Limited Liability Company Operating Agreement (Masterworks 001, LLC)