Retirement or Resignation of Member Sample Clauses

Retirement or Resignation of Member. Section 10.1. Withdrawal 13 Section 10.2. Distributions on Withdrawal 13 ARTICLE XI EXPULSION Section 11.1. Expulsion 13 Section 11.2. Distributions on Expulsion 13 ARTICLE XII DISSOLUTION Section 12.1. Dissolution 14 ARTICLE XIII MISCELLANEOUS Section 13.1. Amendments 14 Section 13.2. Integration 14 Section 13.3. Other Activities 14 Section 13.4. Partition 14 Section 13.5. Notices 14 Section 13.6. Provisions Severable 14 Section 13.7. Headings 14 Section 13.8. Third Party Beneficiaries 14 ARTICLE XIV CERTIFICATE BY MEMBERS LIMITED LIABILITY COMPANY AGREEMENT OF FORBES ENERGY INTERNATIONAL, LLC This Limited Liability Company Agreement of Forbes Energy International, LLC is adopted as of the date set forth below by Forbes Energy Services LLC, a Delaware limited liability company, the sole initial member of Forbes Energy International, LLC, as follows:
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Retirement or Resignation of Member. Section 10.1. Withdrawal 11 Section 10.2. Distributions on Withdrawal 11 ARTICLE XI EXPULSION Section 11.1. Expulsion 12 Section 11.2. Distributions on Expulsion 12 ARTICLE XII DISSOLUTION Section 12.1. Dissolution 12 ARTICLE XIII MISCELLANEOUS Section 13.1. Amendments 12 Section 13.2. Integration 12 Section 13.3. Other Activities 12 Section 13.4. Partition 12 Section 13.5. Notices 12 Section 13.6. Provisions Severable 13 Section 13.7. Headings 13 Section 13.8. Third Party Beneficiaries 13 ARTICLE XIV CERTIFICATE BY MEMBERS LIMITED LIABILITY COMPANY AGREEMENT OF SUPERIOR TUBING TESTERS, LLC This Limited Liability Company Agreement of Superior Tubing Testers, LLC is adopted as of the date set forth below by Xxxxxx X. Xxxxxxx, Xx., the sole initial member of Superior Tubing Testers, LLC, as follows:
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Retirement or Resignation of Member. 12 Section 10.1. Withdrawal...........................................................12 Section 10.2. Distributions on Withdrawal..........................................13 ARTICLE XI EXPULSION........................................................................13 Section 11.1. Expulsion............................................................13 Section 11.2. Distributions on Expulsion...........................................13
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Retirement or Resignation of Member 
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Related to Retirement or Resignation of Member

  • Withdrawal and Resignation of Members Except in the event of Transfers pursuant to Section 10.06 and the Manager’s right to resign pursuant to Section 6.03, no Member shall have the power or right to withdraw or otherwise resign as a Member from the Company prior to the dissolution and winding up of the Company pursuant to Article XIV. Any Member, however, that attempts to withdraw or otherwise resign as a Member from the Company without the prior written consent of the Manager upon or following the dissolution and winding up of the Company pursuant to Article XIV, but prior to such Member receiving the full amount of Distributions from the Company to which such Member is entitled pursuant to Article XIV, shall be liable to the Company for all damages (including all lost profits and special, indirect and consequential damages) directly or indirectly caused by the withdrawal or resignation of such Member. Upon a Transfer of all of a Member’s Units in a Transfer permitted by this Agreement, subject to the provisions of Section 10.06, such Member shall cease to be a Member.

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Resignation of NCPS NCPS may resign and be discharged from the performance of its duties hereunder at any time by giving fifteen (15) business days prior written notice to the Broker and the Issuer specifying a date when such resignation shall take effect. Upon any such notice of resignation, the Broker and Issuer jointly shall appoint a successor NCPS hereunder prior to the effective date of such resignation. The retiring NCPS shall transmit all records pertaining to the Escrow Funds and shall pay all Escrow Funds to the successor NCPS, after making copies of such records as the retiring NCPS deems advisable. After any retiring NCPS’s resignation, the provisions of this Escrow Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was escrow agent under this Escrow Agreement. Any corporation or association into which NCPS may be merged or converted or with which it may be consolidated shall be the escrow agent under this Escrow Agreement without further act.

  • Termination and Resignation of Agent (a) The Agent may be terminated at any time upon ten (10) days prior written notice from the Lead Securitization Note Holder. In the event that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination.

  • Resignation of Manager A Manager other than an Independent Manager may resign as a Manager at any time by thirty (30) days’ prior notice to the Member. An Independent Manager may not withdraw or resign as a Manager of the Company without the consent of the Member. No resignation or removal of an Independent Manager, and no appointment of a successor Independent Manager, shall be effective until such successor (i) shall have accepted his or her appointment as an Independent Manager by a written instrument, which may be a counterpart signature page to the Management Agreement in the form attached hereto as Exhibit A, and (ii) shall have executed a counterpart to this Agreement.

  • RESIGNATION OF MANAGERS Any manager may resign at any time by giving written notice of such resignation to the Board of Managers, the Chairman of the Board or the President. Any such resignation shall take effect at the time specified therein or, if no time is specified, upon receipt thereof by the Board of Managers or one of the above named officers; and, unless specified therein, the acceptance of such resignation shall not be necessary to make it effective.

  • Death or Retirement Executive’s employment shall terminate automatically upon Executive’s death or Retirement during the Term. For purposes of this Agreement, “Retirement” shall mean normal retirement as defined in the Company’s then-current retirement plan, or if there is no such retirement plan, “Retirement” shall mean voluntary termination after age sixty-five (65) with at least ten (10) years of service.

  • Termination for Cause, or Termination Upon Death, Disability or Resignation from the Company Without Good Reason If Executive’s employment shall terminate as a result of Executive’s death pursuant to Section 3(a)(i) or Disability pursuant to Section 3(a)(ii), pursuant to Section 3(a)(iii) for Cause, or pursuant to Section 3(a)(vi) for Executive’s resignation from the Company without Good Reason, then Executive shall not be entitled to any severance payments or benefits, except as provided in Section 3(c).

  • Termination of Membership The membership of a Member in the Company shall terminate upon the occurrence of events described in the Act, including registration and withdrawal. If for any reason the membership of a Member is terminated, the Member whose membership has terminated loses all Membership Voting Interests and shall be considered merely as Assignee of the Membership Economic Interest owned before the termination of membership, having only the rights of an unadmitted Assignee provided for in Section 9.7 hereof.

  • Termination for Retirement or Death If Executive’s employment is terminated by reason of his retirement or death following a Change in Control, Executive’s benefits shall be determined in accordance with Company’s retirement, survivor’s benefits, insurance, and other applicable programs then in effect, and Executive shall not be entitled to any other benefits provided by this Agreement.

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