Common use of No Right to Withdraw Clause in Contracts

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent of the other Member.

Appears in 3 contracts

Samples: Operating Agreement (Healtheon Webmd Corp), Operating Agreement (Healtheon Webmd Corp), Operating Agreement (Healtheon Webmd Corp)

AutoNDA by SimpleDocs

No Right to Withdraw. No Member shall have any right to resign or otherwise --------------------- withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent of the other MemberMembers or to receive any distribution or the repayment of its capital contribution except as provided in Sections 7.1 and 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have any right to have the fair value of its Membership Interest in the Company appraised and paid out upon the resignation or withdrawal of such Member or any other circumstances.

Appears in 3 contracts

Samples: Efg Kirkwood (Afg Investment Trust D), Efg Kirkwood (Afg Investment Trust C), Operating Agreement (Afg Investment Trust B)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent of the other MemberMembers or to receive any distribution or the repayment of its capital contribution except as provided in Section 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have any right to have the fair value of its Membership Interest in the Company appraised and paid out upon the resignation or withdrawal of such Member or any other circumstances.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Keyspan Corp), Operating Agreement (Keyspan Corp)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior without the consent of the Manager or to receive any distribution or the repayment of its capital contribution except as provided in Section 4.2 and Article VIII upon dissolution and winding up liquidation of the Company, without the express written consent of the other Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ridgewood Electric Power Trust Iii), Limited Liability Company Agreement (Ridgewood Electric Power Trust Iv)

No Right to Withdraw. No A Member shall have any right to resign or otherwise may not withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent consents of all remaining Members. Any attempt by a Member to withdraw in violation of this section shall be void and of no force or effect, and shall not release the other MemberMember from any obligations and liabilities under this Agreement, whether already accrued or incurred, or to be accrued or incurred in the future.

Appears in 2 contracts

Samples: Operating Agreement (American Sierra Gold Corp.), Operating Agreement (American Sierra Gold Corp.)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent of the other Member.Members or to receive any distribution or the repayment of its capital contribution except as provided in Section 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Keyspan Corp), Operating Agreement (Keyspan Corp)

No Right to Withdraw. No Member shall have any right to voluntarily resign or otherwise withdraw from the Company prior Company, or to receive any distribution to which such Member is otherwise entitled to receive upon withdrawal, without the dissolution and winding up written consent of all remaining Members of the Company, without the express written consent of the other Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Celanese Americas CORP), Operating Agreement (Crestar Securitization LLC)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior LLC or to receive any distribution or the repayment of its capital contribution except as provided in Section 5.02 and Article VII upon dissolution and winding up liquidation of the Company, without the express written consent of the other MemberLLC.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Selective Insurance Group Inc)

No Right to Withdraw. No Member shall have any right to voluntarily resign or otherwise withdraw from the Company prior as a Member except (a) following the Transfer of all of his, her or its Units pursuant to the dissolution terms of this Agreement and winding up of (b) as may be otherwise approved by the Company, without the express written consent of the other MemberDirectors in particular circumstances.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Ocean Biomedical, Inc.)

No Right to Withdraw. No Without the consent of the other Members, no Member shall have any right to (i) resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, without (ii) receive any distribution or the express written consent repayment of its capital contribution or (iii) have the other fair value of its Units in the Company appraised and paid out upon the resignation or withdrawal of such Member, except, in each case, as provided in Section 5.1(c), Article VII, Article VIII and Article IX.

Appears in 1 contract

Samples: Operating Agreement (Harbor Global Co LTD)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, LLC without the express written consent of the other MemberManager or to receive any distribution or the repayment of its capital contribution except as provided in Section 7.02 and Article IX upon dissolution and liquidation of the LLC.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ridgewood Power Growth Fund /Nj)

AutoNDA by SimpleDocs

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior LLC or to receive any distribution or the repayment of his capital contribution, except distributions provided in Section 6.1 and Article VII upon dissolution and winding up liquidation of the Company, without the express written consent of the other MemberLLC.

Appears in 1 contract

Samples: Operating Agreement (Manischewitz B Co LLC)

No Right to Withdraw. No Member shall have any the right to resign or otherwise withdraw from the Company prior to the except as a result of a Transfer made in accordance with this Article IX, Article X, Article XI or Article XII hereof or upon dissolution and winding up of the CompanyCompany in accordance with Article XIII hereof. If any Member withdraws from the Company or resigns as a Member in breach of this provision, without the express written consent such withdrawal or resignation shall be of the other Memberno force or effect.

Appears in 1 contract

Samples: Operating Agreement (Barton Protective Services LLC)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Operating Company prior to the dissolution and winding up of the Company, without the express written consent of the other Members, except in connection with a Transfer of all of a Member’s LLC Units in accordance with all applicable terms of this Agreement, or to receive any distribution or the repayment of the Member’s Contribution except as provided in Article 11 or in Article 13 upon dissolution and liquidation of the Operating Company.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Alexanders J Corp)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent of the other MemberMembers or to receive any distribution or the repayment of its Capital Contributions except as provided in Section 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have any right to have the fair value of its Membership Interest in the Company appraised and paid out upon the resignation or withdrawal of such Member or any other circumstances.

Appears in 1 contract

Samples: Operating Agreement (Milpi Acquisition Corp)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent of the other MemberMembers or to receive any distribution or the repayment of its capital contribution except as provided in Section 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have any right to have the fair value of its Membership Interest in the Company appraised and paid out upon the resignation or withdrawal of such Member or any other circumstances. 2.9.

Appears in 1 contract

Samples: Operating Agreement (Keyspan Corp)

No Right to Withdraw. No Member shall have any right to resign or otherwise withdraw from the Company prior to the dissolution and winding up of the Company, without the express written consent of the other MemberMembers or to receive any distribution or the repayment of his capital contribution except as provided in Section 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have any right to have the fair value of his interest in the Company appraised and paid out upon the resignation or withdrawal of such Member or any other circumstances.

Appears in 1 contract

Samples: Exchange Agreement (Banyan Strategic Land Fund Ii)

Time is Money Join Law Insider Premium to draft better contracts faster.