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 Voting Members holdings at least two-thirds of the Voting 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)