Consequences of Withdrawal. Any Member who Transfers all of its Units in a Transfer (i) permitted pursuant to this Article VIII where such transferee was admitted as a Substituted Member or (ii) to the Managing Member, whether or not pursuant to Section 12.1, shall cease to be a Member but shall continue to have the obligations of a former Member that are expressly set forth in this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (GEN Restaurant Group, Inc.), Limited Liability Company Agreement (Zevia PBC), Limited Liability Company Agreement (Zevia PBC)
Consequences of Withdrawal. Any Member who Transfers all of its Units in a Transfer (i) permitted pursuant to this Article VIII Article VII where such transferee was admitted as a Substituted Member or (ii) to the Managing MemberManager, whether or not pursuant to Section 12.1Section 10.1, shall cease to be a Member but shall continue to have the obligations of a former Member that are expressly set forth in this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (HNR Acquisition Corp.), Limited Liability Company Agreement (HNR Acquisition Corp.), Limited Liability Company Agreement (Verde Clean Fuels, Inc.)
Consequences of Withdrawal. Any Member who Transfers all of its Units in a Transfer (i) permitted pursuant to this Article VIII VII or otherwise under this Agreement where such transferee was admitted as a Substituted Member or (ii) to the Managing MemberManager, whether or not pursuant to Section 12.1in each case, shall cease to be a Member but shall continue to have the obligations of a former Member that are expressly set forth in this Agreement.
Appears in 2 contracts
Samples: Letter Agreement (ESGEN Acquisition Corp), Letter Agreement (ESGEN Acquisition Corp)
Consequences of Withdrawal. Any Member who Transfers all of its Units in a Transfer (i) permitted pursuant to this Article VIII Article VII where such transferee was admitted as a Substituted Member or (ii) to the Managing MemberManager, whether or not pursuant to Section 12.1Section 11.1, shall cease to be a Member but shall continue to have the obligations of a former Member that are expressly set forth in this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (NUSCALE POWER Corp), Limited Liability Company Agreement (Spring Valley Acquisition Corp.)
Consequences of Withdrawal. Any Member who Transfers all of its Units in a Transfer (i) permitted pursuant to this Article VIII Article VII where such transferee was admitted as a Substituted Member or (ii) to the Managing Member, whether or not pursuant to Section 12.1Section 11.1, shall cease to be a Member but shall continue to have the obligations of a former Member that are expressly set forth in this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Rubicon Technologies, Inc.), Agreement and Plan of Merger (Founder SPAC)
Consequences of Withdrawal. Any Member who Transfers all of its Units in a Transfer (i) permitted pursuant to this Article VIII VII or otherwise under this Agreement where such transferee was admitted as a Substituted Member or (ii) to the Managing MemberManager or wholly owned Subsidiary of the Manager (or the Company), whether or not pursuant to Section 12.1in each case, shall cease to be a Member but shall continue to have the obligations of a former Member that are expressly set forth in this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Zeo Energy Corp.)
Consequences of Withdrawal. Any Member who Transfers all of its Units in a Transfer (i) permitted pursuant to this Article Article VIII where such transferee was admitted as a Substituted Member or (ii) to the Managing Member, whether or not pursuant to Section Section 12.1, shall cease to be a Member but shall continue to have the obligations of a former Member that are expressly set forth in this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Viant Technology Inc.)
