Transfers of Membership Interests. 8.1. A Member may withdraw from the Company at any time by giving Notice of withdrawal to the Manager at least 180 calendar days before the effective date of withdrawal. Withdrawal will not release a Member from any obligations and liabilities under this Agreement accrued or incurred before the effective date of withdrawal. A withdrawing Member will divest the Member’s entire Membership Interest before the effective date of withdrawal in accordance with and subject to the provisions of this Article VIII.
Appears in 4 contracts
Samples: llcoperatingagreements.org, www.sundocumentfilings.com, llcoperatingagreements.org
Transfers of Membership Interests. 8.1. A Member may withdraw from the Company at any time by giving Notice of withdrawal to the Manager all other Members at least 180 calendar days before the effective date of withdrawal. Withdrawal will shall not release a Member from any obligations and liabilities under this Agreement accrued or incurred before the effective date of withdrawal. A withdrawing Member will shall divest the Member’s 's entire Membership Interest before the effective date of withdrawal in accordance with and subject to the provisions of this Article VIII.
Appears in 2 contracts
Samples: Limited Liability Operating Agreement (Impac Mortgage Holdings Inc), Limited Liability Operating Agreement (Impac Commercial Holdings Inc)
Transfers of Membership Interests. 8.1. A Member may withdraw from the Company at any time by giving Notice of withdrawal to the Manager Managers at least 180 calendar days before the effective date of withdrawal. Withdrawal will shall not release a Member from any obligations and liabilities under this Agreement accrued or incurred before the effective date of withdrawal. A withdrawing Member will shall divest the Member’s entire Membership Interest before the effective date of withdrawal in accordance with and subject to the provisions of this Article VIII.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Transfers of Membership Interests. 8.1. A Member may withdraw from the Company at any time by giving Notice of withdrawal Withdrawal to the Manager all other Members at least 180 calendar days before the effective date of withdrawal. Withdrawal will shall not release a Member from any obligations and liabilities under this Agreement accrued or incurred before the effective date of withdrawal. A withdrawing Member will shall divest the Member’s 's entire Membership Interest before the effective date of withdrawal in accordance with the transfer restrictions and subject to the provisions of this Article VIIIoption rights set forth below.
Appears in 1 contract
Samples: Operating Agreement (Melt Inc)
