Common use of Replacement Manager Clause in Contracts

Replacement Manager. In the event that the Manager shall have resigned as Manager of the Company, a Majority-in-Interest of the Members shall appoint a successor Manager to perform the duties of Manager hereunder.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Fulcrum Bioenergy Inc), Limited Liability Company Agreement (Fulcrum Bioenergy Inc)

Replacement Manager. In the event that the Manager shall have resigned as Manager of the Company, a Majority-in-Interest of the Class A Members shall appoint a successor Manager to perform the duties of Manager hereunder.

Appears in 2 contracts

Sources: Equity Funding Agreement, Equity Funding Agreement (Fulcrum Bioenergy Inc)