Resignation of Liquidator. At any time any Liquidator may, in its discretion, resign as Liquidator and the Managing Member shall appoint a replacement Liquidator, such Person to be approved by the Majority Class A Members, such approval not to be unreasonably withheld.
Appears in 1 contract
Sources: Limited Liability Company Agreement (APT Sunshine State LLC)
Resignation of Liquidator. At any time any Liquidator may, in its discretion, resign as Liquidator and the Managing Member shall appoint a replacement Liquidator, such Person subject to be approved by the Majority Class A Members, such approval not to be unreasonably withheldof the Required Directors.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Resource America Inc)
Resignation of Liquidator. At any time any Liquidator may, in its discretion, resign as Liquidator and the Managing Primary Class B Member (or the Class A Member if it may then appoint the Liquidator) shall appoint a replacement Liquidator, such Person Liquidator pursuant to be approved by the Majority Class A Members, such approval not to be unreasonably withheldSection 12.8(a).
Appears in 1 contract
Sources: Limited Liability Company Agreement (El Paso Corp/De)