Common use of Resignation Clause in Contracts

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19, an additional member shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 141 contracts

Samples: Agreement and Plan of Merger (Duncan Energy Partners L.P.), Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Agreement (Bellingham II Associates, L.L.C.)

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Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, and the Company shall be continued and such resignation shall not result in a dissolution of the Company if such instrument is executed within 180 days after such resignation. 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.

Appears in 63 contracts

Samples: Limited Liability Company Agreement (Cnu of Virginia, LLC), Limited Liability Company Agreement (Cnu of Virginia, LLC), Limited Liability Company Agreement (Cnu of Virginia, LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this AgreementAgreement and the Company shall be continued and such resignation shall not result in a dissolution of the Company if such instrument is executed within 180 days after such resignation. 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.

Appears in 32 contracts

Samples: Limited Liability Company Agreement (Cnu of Virginia, LLC), Limited Liability Company Agreement (Cnu of Virginia, LLC), Limited Liability Company Agreement (Cnu of Virginia, LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1917, an additional member Member shall be admitted to the Company, subject to Section 20 18 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 31 contracts

Samples: Operating Agreement (B&H Contracting, L.P.), Operating Agreement (B&H Contracting, L.P.), Limited Liability Company Agreement (Transact LTD)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 28 contracts

Samples: Sale and Purchase Agreement (P10, Inc.), Sale and Purchase Agreement (P10, Inc.), Limited Liability Company Agreement (Nextier Oilfield Solutions Inc.)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Member. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 27 contracts

Samples: Limited Liability Company Agreement (Sabra Phoenix TRS Venture, LLC), Limited Liability Company Agreement (B & C Sanitation Corp), Limited Liability Company Agreement (Qimonda Finance LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19, Company only if an additional member shall be admitted to the Company, subject to Section 20 hereofCompany as the Member, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement; provided that any resignation of the Member and any admission of an additional member shall be filed with and approved by the SEC under Section 19 of the Exchange Act and the rules promulgated thereunder. 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.

Appears in 16 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19resigns, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof23, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 15 contracts

Samples: Limited Liability Company Agreement (University Club, Inc. (FL)), Limited Liability Company Agreement (University Club, Inc. (FL)), Limited Liability Company Agreement (University Club, Inc. (FL))

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19; provided, however, that an additional member shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 14 contracts

Samples: Operating Agreement (U.S. Energy Partners LLC), Limited Liability Company Agreement (U.S. Energy Partners LLC), Limited Liability Company Agreement (U.S. Energy Partners LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1920, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19as a member of the Company, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof22, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 14 contracts

Samples: Operating Agreement (Pinnacle Towers III LLC), Limited Liability Company Agreement (Pinnacle Towers III LLC), Limited Liability Company Agreement (Pinnacle Towers III LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1920, an additional member shall be admitted to the Company, subject to Section 20 21 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (Bellingham II Associates, L.L.C.), Limited Liability Company Agreement (Bellingham II Associates, L.L.C.), Operating Agreement (Bellingham II Associates, L.L.C.)

Resignation. The Member may at any time resign from the Company. If the Member resigns from the Company pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 13 contracts

Samples: Limited Liability Company Agreement (QualityTech, LP), Limited Liability Company Agreement (QualityTech, LP), Limited Liability Company Agreement (QualityTech, LP)

Resignation. The Member may at any time resign from the Company. If the Member resigns from the Company pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof19, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 10 contracts

Samples: Operating Agreement (QualityTech, LP), Limited Liability Company Agreement (QualityTech, LP), Limited Liability Company Agreement (QualityTech, LP)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Members. If the a Member resigns is permitted to resign pursuant to this Section 1922 and there are no other Members, an additional member Member shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement23. 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 Member of the Company.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Currencyshares British Pound Sterling Trust), Limited Liability Company Agreement (Currencyshares Chinese Renminbi Trust), Limited Liability Company Agreement (CurrencyShares Russian Ruble Trust)

Resignation. The Member If the Company has more than one member, any member may at any time resign from the CompanyCompany with the written consent of the remaining members. If the Member resigns a member is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC)

Resignation. The Member A member may at any time resign from the CompanyCompany with the written consent of the Member. If the Member resigns a member is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof8.1, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, and immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 8 contracts

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

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19, an additional member shall be admitted to the Company, subject to Section 20 hereof, upon its on the additional member’s execution of an instrument signifying its the additional member’s agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 7 contracts

Samples: Operating Agreement (Bellingham II Associates, L.L.C.), Operating Agreement (Bellingham II Associates, L.L.C.), Operating Agreement (Bellingham II Associates, L.L.C.)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1921, an additional member Member shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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 Member of the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Dole Food Co Inc), Limited Liability Company Agreement (Dole Food Co Inc), Limited Liability Company Agreement (Dole Food Co Inc)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 6 contracts

Samples: Operating Agreement (Aigis Mechtronics, Inc.), Operating Agreement (Aigis Mechtronics, Inc.), Operating Agreement (Aigis Mechtronics, Inc.)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Member. If the a Member resigns is permitted to resign pursuant to this Section 19, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Entergy Corp /De/), Limited Liability Company Agreement (Entergy Corp /De/), Limited Liability Company Agreement (Entergy Corp /De/)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1918, an additional member shall be admitted to the Company, subject to Section 20 19 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Teppco Partners Lp), Limited Liability Company Agreement (M&i Capital E LLC), Limited Liability Company Agreement (VWR, Inc.)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Initial Member. If the a Member resigns is permitted to resign pursuant to this Section 1920, an additional member shall of the Company may be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Pseg Fossil LLC), Limited Liability Company Agreement (Pseg Fossil LLC), Limited Liability Company Agreement (Pseg Fossil LLC)

Resignation. The Member A member of the Company may at any time resign from the CompanyCompany with the written consent of the Member. If a member of the Member resigns Company is permitted to resign pursuant to this Section 1920, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Deutsche Bank Capital Funding Trust XII), Limited Liability Company Agreement (Deutsche Bank Capital Funding LLC X), Limited Liability Company Agreement (Deutsche Bank Aktiengesellschaft)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Summit Materials, LLC), Limited Liability Company Agreement (B&H Contracting, L.P.), Limited Liability Company Agreement (Dresser-Rand Global Services, L.L.C.)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Member. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof19, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (SG Commercial Mortgage Securities, LLC), Limited Liability Company Agreement (SG Commercial Mortgage Securities, LLC), Limited Liability Company Agreement (SG Commercial Mortgage Securities, LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1917, an additional member Member shall be admitted to the Company, subject to Section 20 18 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignationresignation of the resigning Member, and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (N.R. Hamm Contractor, LLC), Limited Liability Company Agreement (N.R. Hamm Quarry, LLC), Limited Liability Company Agreement (N.R. Hamm Quarry, LLC)

Resignation. The A Member may at any time not resign from the CompanyCompany except with the prior written consent of the other Members. If the a Member resigns is permitted to resign pursuant to this Section 1923, and an additional member shall of the Company is to be admitted to as a substitute member of the Company, such admission shall be subject to Section 20 22 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (HF Enterprises Inc.), Limited Liability Company Agreement (HF Enterprises Inc.), Limited Liability Company Agreement (SeD Intelligent Home Inc.)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Member. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof17, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Triton Coal Company, L.L.C.), Limited Liability Company Agreement (Triton Coal Company, L.L.C.), Limited Liability Company Agreement (Arch of Wyoming LLC)

Resignation. The Member may resign from the Company at any time resign from with written notice to the Company. If the Member resigns pursuant to this Section 1924, an additional member shall a person may be admitted to the Company, subject to Section 20 hereof, Company as an additional Member of the Company upon its the written consent of the resigning Member and such person’s execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such If a person is admitted to the Company as an additional Member of the Company in connection with the resignation of the Member pursuant to this Section 24, 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 Member of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (WUS Holding, L.L.C.), Limited Liability Company Agreement (WUS Holding, L.L.C.), Limited Liability Company Agreement (WUS Holding, L.L.C.)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Initial Member. If the a Member resigns is permitted to resign pursuant to this Section 19, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.)

Resignation. The A Member may at any time resign from the CompanyCompany with the ----------- written consent of the Initial Member. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Pg&e Funding LLC), Limited Liability Company Agreement (Sdg&e Funding LLC a De Limited Liability Co), Limited Liability Company Agreement (Sce Funding LLC)

Resignation. The Member may at any time resign from as the Company. If the Member resigns pursuant to this Section 19Member, so long as an additional member Person shall be admitted as a member to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement, Single Member Limited Liability Company Operating Agreement

Resignation. The Member A member of the Company may at any time resign from the CompanyCompany with the written consent of the Member. If a member of the Member resigns Company is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof23, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Credit Suisse Group), Limited Liability Company Agreement (Credit Suisse Group), Limited Liability Company Agreement (Credit Suisse Group)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1916, an additional member Member shall be admitted to the Company, subject to Section 20 17 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Weber Inc.), Operating Agreement (Green America Recycling, LLC), Limited Liability Company Agreement (Weber Inc.)

Resignation. The Member may at any time resign from the Company. If the Member ----------- resigns pursuant to this Section 19, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Capital One Financial Corp), Limited Liability Company Agreement (Capital One Financial Corp), Limited Liability Company Agreement (Capital One Financial Corp)

Resignation. The Member may at any time resign from the Company. If the Member resigns shall resign pursuant to this Section 1921, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Cedar Shopping Centers Inc), Limited Liability Company Agreement (Cedar Shopping Centers Inc), Limited Liability Company Agreement (Cedar Shopping Centers Inc)

Resignation. The Member may at any time resign from form the Company. If the Member resigns pursuant to this Section 19, an additional member shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kraton Polymers LLC), Limited Liability Company Agreement (Kraton Polymers LLC)

Resignation. The Each Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19; provided, however, that an additional member shall be admitted to the Company, subject to Section 20 8.1 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Operating Agreement (Chrysler Financial Services Americas LLC), Operating Agreement (DaimlerChrysler Financial Services Americas LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19, an additional member shall be admitted to the Company, subject to Section 20 hereof, upon its such additional member's execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Gaylord Entertainment Co /De), Operating Agreement (Gaylord National, LLC)

Resignation. The Member may at any time resign from the Company. If ; provided, that in the Member resigns pursuant to this Section 19, event of such resignation an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the Member's resignation, and, immediately following such admission, the resigning Member shall cease to be a member of the Company. 19.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pepco Holdings Inc), Limited Liability Company Agreement (Pepco Holdings Inc)

Resignation. The Member may at any time resign from the Company. If the Member resigns from the Company pursuant to this Section 1918, an additional member shall be admitted to the Company, subject to Section 20 hereof19, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (QualityTech, LP), Limited Liability Company Agreement (QualityTech, LP)

Resignation. The A Member may at any time not resign from the CompanyCompany without the written consent of the other Members. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof19, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC), Limited Liability Company Agreement (TNHC - Santa Clarita GP LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19; provided, however, that an additional member shall be admitted to the Company, subject to Section 20 21 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Residential Capital Corp), Limited Liability Company Agreement (Phoenix Residential Securities, LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19, an additional member Member shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability (Amis Holdings Inc), Limited Liability Company Agreement (Amis Holdings Inc)

Resignation. The Member may at any time resign from the Company. If ; provided, that in the Member resigns pursuant to this Section 19, event of such resignation an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the Member's resignation, and, immediately following such admission, the resigning Member shall cease to be a member of the Company. 20.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pepco Holdings Inc), Limited Liability Company Agreement (Pepco Holdings Inc)

Resignation. The Member may at any time not resign from unless the CompanyMember has caused another Person to be admitted as a member of the Company prior to such resignation. If the Member resigns pursuant to this Section 1919(b), an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof19(c), upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 2 contracts

Samples: Connection and Access Agreement (CorEnergy Infrastructure Trust, Inc.), Connection and Access Agreement (Energy XXI LTD)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of all of the Members. If the a Member resigns is permitted to resign pursuant to this Section 19, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof18, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC), Limited Liability Company Agreement (NCA Resources Development Co LLC)

Resignation. The Member may at any time not resign from the Company. If the Member resigns pursuant to this Section 19, Company unless an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Hertz Entertainment Services Corp), Limited Liability Company Agreement (Cinelease, LLC)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Member. If the a Member resigns is permitted to resign pursuant to this Section 19, an additional member shall be admitted to the Company, subject to the provisions of Section 20 hereof20, upon its execution by such additional member of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (B & C Sanitation Corp), Operating Agreement (B & C Sanitation Corp)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19resigns, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof22, upon its such additional member’s execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to before the resignation, resignation and, immediately following after such admission, the resigning Member shall cease to be a member of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (J.M. Tull Metals Company, Inc.), Limited Liability Company Agreement (Ryerson International Material Management Services, Inc.)

Resignation. The A Member may at any time resign from the CompanyCompany at such Member’s discretion. If the a Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its such additional member’s execution of an instrument signifying its his or her agreement to be bound by the terms and conditions of this Agreement. 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. In such event, the Company shall not dissolve if the business of the Company is continued without dissolution in accordance with Section 21(a)(iii).

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Listerhill Total Maintenance Center LLC), Limited Liability Company Operating Agreement (Listerhill Total Maintenance Center LLC)

Resignation. The Member may at any time resign from the Company. If ; provided, however, that if the Member resigns pursuant to this Section 19resigns, an additional member shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 2 contracts

Samples: Operating Agreement (Pyramid Communication Services, Inc.), Limited Liability Company Agreement (US LEC of Georgia LLC)

Resignation. The Member may at any time resign from the Company. If ; provide, that in the Member resigns pursuant to this Section 19, event of such resignation an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the Member's resignation, and, immediately following such admission, the resigning Member shall cease to be a member of the Company. 20.

Appears in 1 contract

Samples: Limited Liability Agreement (Pepco Holdings Inc)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 14 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nationwide Health Properties, LLC)

Resignation. The Member If the Company has more than one member, any member may at any time resign from the CompanyCompany with the written consent of the remaining Members. If the Member resigns a member is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (NCA Resources Development Co LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19resigns, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof22, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Starwood Commercial Mortgage Depositor, LLC)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the other Member(s), if any. If the a Member resigns is permitted to resign pursuant to this Section 19, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entergy Corp /De/)

Resignation. The Member Any member may at any time resign from the CompanyCompany with the written consent of the remaining members. If the Member resigns a member is permitted to resign pursuant to this Section 1922, an additional member shall be admitted to the Company, subject to Section 20 hereof3(c), upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Cement Purchase Agreement (Summit Materials, Inc.)

Resignation. The A Member may at any time resign from the Company with the written consent of the Company. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 22 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Polymer Holdings Capital CORP)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Initial Member. If the a Member resigns is permitted to resign pursuant to this Section 1920, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Telmark LLC)

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Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Initial Member. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (West Penn Funding LLC)

Resignation. The A Member may at any time resign from the Company. If the a Member resigns pursuant to this Section 19from the Company and there are no other members of the Company at the time, an additional member a new Member shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission , and the Company shall be deemed effective immediately prior to continued without dissolution. The admission of the resignation, and, immediately following such admission, the resigning new Member shall cease to be a member effective as of the Companyoccurrence of the event that terminated the continued membership of the last remaining member.

Appears in 1 contract

Samples: Business Combination Agreement and Plan of Reorganization (RedBall Acquisition Corp.)

Resignation. The A Member may at any time not resign from the CompanyCompany without the written consent of the other Members (if any). If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof22, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Member. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Qimonda Finance LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19; provided, however, that an additional member shall be admitted to the Company, subject to Section 20 17 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Operating Agreement (U.S. Energy Partners LLC)

Resignation. The Subject to Section 4.1, the Member may at any time resign from the Company. If the Member resigns pursuant to this Section 192.6, an additional member shall may be admitted to the Company, subject to Section 20 2.7 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Versus Global Multi-Manager Real Estate Income Fund LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1921, an additional member shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1922, an additional member Additional Member of the Company shall be admitted to the Company, subject to Section 20 23 hereof, upon its such Additional Member’s execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intertape Woven Products Services S.A. De C.V.)

Resignation. The Member may at any time resign from the Company. If the Member resigns is permitted to resign pursuant to this Section 1920, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: LLC Operating Agreement

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Macquarie Infrastructure CO LLC)

Resignation. The No Member may at any time resign from the CompanyCompany without the written consent of the Deciding Members. If the a Member resigns elects to resign pursuant to and in accordance with this Section 1922, an additional member shall may be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Lightstone Real Estate Income Trust Inc.)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Member. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Regions Acceptance LLC)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Initial Member. If the a Member resigns is permitted to resign pursuant to this Section 1923, an additional member shall of the Company may be admitted to the Company, subject to Section 20 hereof24, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pseg Energy Holdings LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19resigns, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof23, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (University Club, Inc. (FL))

Resignation. The If a Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19resigns, an additional member shall Member of the Company may be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall will be deemed effective immediately prior to the resignation, and, immediately . Immediately following such admission, the resigning Member shall will cease to be a member Member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (DTWC Spokane City Center SPE, LLC)

Resignation. The So long as any Obligation is outstanding, the Member may at any time resign from not resign, unless a Person has agreed to become a member of the CompanyCompany pursuant to this Section 19 upon the Member’s resignation. If the Member resigns is permitted to resign pursuant to this Section 19, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Resignation. The Member If the Company in the future has more than one member, any member may at any time resign from the CompanyCompany with the written consent of the remaining members. If the Member resigns a member is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Goodman Distribution, Inc.)

Resignation. The Except in connection with a Pledge Transfer, the Member may at any time not resign from as a member of the Company. If the Member resigns is permitted to resign pursuant to this Section 1920, an additional a new member shall be admitted to the Company, subject to Section 20 hereof21 of this Agreement, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following upon such admission, resignation and the resigning Member shall cease to be a member of the Company.. 132

Appears in 1 contract

Samples: Security Agreement (Versity Invest, LLC)

Resignation. The Member may at any time resign from the Company. If , subject to the Member resigns pursuant admission to this Section 19, the Company of an additional member to take the place of the Member. Such additional member shall only be admitted to the Company, subject to Section 20 hereof, Company (i) upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this AgreementAgreement and (ii) if its admission would comply with the proviso in Section 19 hereof. Such admission shall be deemed effective immediately prior to simultaneously with the resignation, and, immediately following simultaneously with such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (South Financial Group Inc)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the remaining Members. If the a Member resigns is permitted to resign pursuant to this Section 1920, an additional member shall of the Company may be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Comp Any Agreement (Public Service Electric & Gas Co)

Resignation. The A Member may at any time resign from the CompanyCompany with the written consent of the Members. If the a Member resigns is permitted to resign pursuant to this Section 19, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof20, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.)

Resignation. The Member may resign at any time resign from the Companytime. If the Member resigns is permitted to resign pursuant to this Section 1921, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Endurance International Group, Inc.)

Resignation. The So long as any Obligation is outstanding, the Member may at any time resign from the Companynot resign. If the Member resigns is permitted to resign pursuant to this Section 19, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, resignation and immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (OHI Asset (CT) Lender, LLC)

Resignation. The Member Members may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (T-Mobile Innovations LLC)

Resignation. The Member may at any time resign from the CompanyCompany in accordance with Section 608.427 of the Act. If the Member resigns from the Company pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its such member’s execution of an instrument signifying its such member’s agreement to be bound by the terms and conditions of this Agreement, as may be amended to reflect such resignation and admission. 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 CompanyCompany and shall be released from the obligations and liabilities under this Agreement.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Eola Property Trust)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof21, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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. 21.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rowan N-Class (Gibraltar) LTD)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1918, an additional member Member shall be admitted to the Company, subject to Section 20 19 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Operating Agreement (B&H Contracting, L.P.)

Resignation. The Member may at any time resign from the Company. If the Member resigns is permitted to resign pursuant to this Section 195.1(b), an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (HC Government Realty Trust, Inc.)

Resignation. The If the Company has more than one member, the Member or other members, if any, may resign at any time resign from anytime by submitting such resignation in writing to the Company. If , the Member resigns and the other members, if any. When a member is permitted to resign pursuant to this Section 19Section, an additional member shall may be admitted to the Company, subject to Section 20 hereof18, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the The resigning Member member shall cease to be a member of the CompanyCompany upon the written acceptance of the Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBD Media LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 1918, an additional member shall be admitted to the Company, subject to Section 20 19 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to simultaneously with the resignation, and, immediately following simultaneously with such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (M&i Capital Trust C)

Resignation. The Member may at any time resign from the Company. If ; provided, however, that in the Member resigns pursuant to this Section 19, event of such resignation an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof, Company upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the Member's resignation, and, immediately following such admission, the resigning Member shall cease to be a member of the Company. 20.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pepco Holdings Inc)

Resignation. The A Member may at any time resign from the Company with the written consent of the Company. If the a Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 21 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kraton Polymers LLC)

Resignation. The Member may at any time resign from the Company. If the Member resigns pursuant to this Section 19; provided, however, that an additional member shall be admitted to the Company, subject to Section 20 18 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Operating Agreement (U.S. Energy Partners LLC)

Resignation. The Member A member may at any time resign from the CompanyCompany at such member’s discretion. If the Member member resigns pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to Section 20 hereof20, upon its such additional member’s execution of an instrument signifying its agreement his or her argument to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member member shall cease to be a member of the Company. In such event, the Company shall not dissolve if the business of the Company is continued without dissolution in accordance with Section 21(a)(iii).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Listerhill Total Maintenance Center LLC)

Resignation. The Member may at any time resign from the Company with the written consent of other members of the Company, if any. If the Member resigns is permitted to resign pursuant to this Section 1935, an additional member shall be admitted to the Company, subject to Section 20 hereof36, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mariner Energy Inc)

Resignation. The Member may at any time resign from the Company. If ; provided if the Member resigns pursuant to this Section 1920, an additional a substitute member of the Company shall be admitted to the Company, subject to Section 20 hereof, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CIT Group Funding CO of Canada)

Resignation. The If a Member may at any time desires to resign from the Company. If the Member resigns pursuant to this Section 196.3, an additional member of the Company shall be admitted to the Company, subject to Section 20 hereof6.1, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement, which instrument may be a counterpart signature page to this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBL/Regency I, LLC)

Resignation. The Member may at any time not resign from the CompanyCompany without the written consent of the Member. If the Member resigns is permitted to resign pursuant to this Section 19Section, an additional member shall be admitted to the Company, subject to this Section 20 hereof19, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. 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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rem Arrowhead, Inc.)

Resignation. The Member A member may at any time resign from the CompanyCompany with the written consent of the Member. If the Member resigns a member is permitted to resign pursuant to this Section 1920, an additional member shall be admitted to the Company, subject to Section 20 hereof19, upon its execution of an instrument signifying its agreement to be bound by the terms and conditions of this Agreement. Such admission shall be deemed effective immediately prior to the resignation, resignation and, immediately following such admission, the resigning Member member shall cease to be a member of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Level 3 Communications Inc)

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