Resignation of a Member Sample Clauses

Resignation of a Member. A Member may resign from the Company as a Member by giving written notice to the Company and the other Members at least sixty (60) days prior to the effective date of the resignation; however, except as expressly provided herein, a withdrawing Member is not entitled to a return of his or her capital contribution and acquires the status of a Transferee.
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Resignation of a Member. A Member may resign from the LLC at any time by giving written notice to the LLC at least sixty (60) days prior to the effective date of resignation.
Resignation of a Member. Other than as provided in Section 10.8 with respect to KKR Members, a Member may resign from the Company only by having all of such Member’s Shares repurchased pursuant to Section 10.9 or pursuant to the Share Repurchase Plan, Company Tender Offers or the Repurchase Arrangement, as applicable, or by assigning all of such Member’s Shares in accordance with this Article X. The resignation of a Member shall not, in and of itself, dissolve or terminate the Company. In the event that a Member ceases to be a member of the Company because of death, legal incompetence, dissolution or other termination, the estate, legal representative or successor of such Member shall be deemed to be the Assignee of the Shares of such Member and may become a Substitute Member only upon compliance with the provisions of Section 10.3. Notwithstanding any provision in this Agreement to the contrary, no Class G Share may be redeemed, repurchased, Assigned, or otherwise transferred without the prior written consent of the KKR Member that is the holder thereof; and any purported redemption, repurchase, Assignment or other transfer without such consent shall be null and void to the fullest extent permitted by law.
Resignation of a Member. So long as any Permitted Indebtedness (other than indebtedness to the Initial Member) is outstanding, the Initial Member may not resign without prior written consent of the Indenture Trustee and the Control Party. A Member (other than the Initial Member) may resign from the Company with the written consent of the Board of Managers. In the event that there is only one Member, such Member shall not be permitted to resign pursuant to this Section 5.4 unless an additional member of the Company is admitted to the Company. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member shall cease to be a member of the Company.
Resignation of a Member. A Member may not and does not have the power or right to resign from the Company prior to the dissolution and winding up of the Company. This Agreement specifically waives the applicability of any the events causing a person to cease being a Member listed in Section 18-304 of the Delaware Act to the Company and the Members. No Member shall cease to be a Member of the Company because of the occurrence of any act or circumstance, except as provided under Section 9.2 of this Agreement.
Resignation of a Member. A member of the Shareholders' Council:
Resignation of a Member. Except in connection with a Transfer pursuant to Section 6.05 or Section 6.06, no member shall resign, withdraw, retire or otherwise take action to effect the foregoing.
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Resignation of a Member. No Member may withdraw or resign from the Company without the written consent of the Members, which consent may be given or withheld in their absolute discretion. In the event of any withdrawal or resignation in violation of this Section 8.1, such withdrawal or resignation shall be void ab initio, and the withdrawing or resigning Member shall be subject to any and all remedies available to the Company or the Members under this Agreement, at law or in equity in respect of such default, and the Company shall have the right to offset the damages against any amounts otherwise distributable to the withdrawing or resigning Member.
Resignation of a Member. If a Terminating Event or Adverse Terminating Event occurs with respect to a Member, such Member’s right to any payments or distributions shall be determined exclusively under the provisions of Article IX hereof with respect to liquidation of the Interest of the Member following a Terminating Event or an Adverse Terminating Event, and no Member shall be entitled to claim any further or different distribution upon resignation under the Act or otherwise.
Resignation of a Member. A Member may resign at any time upon, and effective as of the end of, not less than six (6) months prior written notice to the Company at its principal place of business and to each of the remaining Members. Unless the resignation of a Member constitutes a dissolution event under Section 9.01(a) of this Agreement, the resigning Member shall not be entitled to any distribution or payment as a result, or by virtue, of such resignation pursuant to Section 18-604 of the Act, or otherwise, except as provided for in, and pursuant to, Section 9.03(c) of this Agreement.
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