Common use of Voluntary Withdrawal Clause in Contracts

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of this Agreement. No Member who shall Voluntarily Withdraw shall be entitled to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawal.

Appears in 14 contracts

Samples: Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP), Operating Agreement (National Credit & Guaranty CORP)

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Voluntary Withdrawal. No Member shall have the right or power to voluntarily Withdraw (“Voluntarily Withdraw Withdraw”) from the Company and any Member who shall voluntarily withdraw shall be Company. Any Withdrawal in intentional breach violation of this Agreement. No Member who Agreement shall Voluntarily Withdraw shall entitle the Company to damages for breach, which may be entitled offset against the amounts otherwise Distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the such Member’s Interest on the date of Voluntary Withdrawal.

Appears in 6 contracts

Samples: Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC), Operating Agreement (Opening Night Enterprises, LLC)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of Company, except as otherwise provided by this Agreement. No Member who Any withdrawal in violation of this Agreement shall Voluntarily Withdraw shall entitle the Company to damages for breach, which may be entitled offset against the amounts otherwise distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawalsuch member.

Appears in 4 contracts

Samples: Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC), Operating Agreement (West Village Gym at the Archives LLC)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of Company, except as otherwise provided by this Agreement. No Member who Any withdrawal in violation of this Agreement shall Voluntarily Withdraw shall entitle the Company to damages for breach, which may be entitled offset against the amounts otherwise distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the such Member’s Interest on the date of Voluntary Withdrawal.

Appears in 2 contracts

Samples: Operating Agreement (Presidential Realty Corp/De/), Operating Agreement (Presidential Realty Corp/De/)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw effect a Voluntary Withdrawal from the Company and any Company. Any Member who shall voluntarily withdraw shall be effectuates a Voluntary Withdrawal in intentional breach violation of this Agreement. No Member who Agreement shall Voluntarily Withdraw shall not be entitled to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, receive the fair value of the Member’s Interest on as of the date of the Voluntary WithdrawalWithdrawal as otherwise provided in Section 18-604 of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Yeah Iptv), Limited Liability Company Agreement (Ipr LLC)

Voluntary Withdrawal. No In addition to a withdrawal pursuant to Subsection (a) above, each Member shall have the right or power to Voluntarily Withdraw withdraw from the Company and at any Member who shall voluntarily withdraw shall be in intentional breach of this Agreement. No Member who shall Voluntarily Withdraw shall be entitled to receivetime, in liquidation of his Interest, pursuant to Section 25-10 but only upon the unanimous consent of the Act or otherwise, the fair value Members. A withdrawing Member shall have no right to a return of the Member’s Interest on the date of Voluntary Withdrawalits Capital Contribution.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Pepsi Bottling Group Inc), Limited Liability Company Agreement (Bottling Group LLC)

Voluntary Withdrawal. No Member member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of Company, except as otherwise provided by this Agreement. No Member who Any withdrawal in violation of this Agreement shall Voluntarily Withdraw shall entitle the Company to damages for breach, which may be entitled offset against the amounts otherwise distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawalsuch member.

Appears in 1 contract

Samples: Operating Agreement (West Village Gym at the Archives LLC)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of Company, except as otherwise provided by this Agreement. No Member who Any withdrawal in violation of this Agreement shall Voluntarily Withdraw shall entitle the Company to damage for breach, which may be entitled offset against the amounts otherwise distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawalsuch member.

Appears in 1 contract

Samples: 59th Street Gym LLC Operating Agreement (West Village Gym at the Archives LLC)

Voluntary Withdrawal. No Unless the Members shall so approve, no Member shall have the right or power to Voluntarily Withdraw effect a Voluntary Withdrawal from the Company and any Member who shall voluntarily withdraw attempt to do so shall be in intentional breach of this Agreement. No Member who shall Voluntarily Withdraw shall be entitled to receive, in liquidation of his Interest, pursuant to treated as a Transfer under Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawal7.01 hereof.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Predict It Inc)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of this Agreement. No Member member who shall Voluntarily Withdraw shall be entitled to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawal.

Appears in 1 contract

Samples: Operating Agreement (National Credit & Guaranty CORP)

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Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company Company, except as otherwise provided in this Agreement, and any Member who shall voluntarily withdraw such attempted Voluntary Withdrawal shall be deemed invalid, null and void and of no further force and effect. Any withdrawal in intentional breach violation of this Agreement. No Member who Agreement shall Voluntarily Withdraw shall entitle the Company to damages for breach, which may be entitled offset against the amounts otherwise distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the such Member’s Interest on the date of Voluntary Withdrawal.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Excel Corp)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of Company, except as otherwise provided by this Agreement. No Member who Any withdrawal in violation of this Agreement shall Voluntarily Withdraw shall entitle the Company to damages for breach, which may be entitled offset against the amounts otherwise distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the such Member’s Interest on the date of Voluntary Withdrawal.. 6.3

Appears in 1 contract

Samples: Operating Agreement (Presidential Realty Corp/De/)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of Company, except as otherwise provided by this Agreement. No Member who Any withdrawal in violation of this Agreement shall Voluntarily Withdraw shall entitle the Company to damages for breach, which may be entitled offset against the amounts otherwise distributable to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the such Member’s Interest on the date of Voluntary Withdrawal. 6.3.

Appears in 1 contract

Samples: Operating Agreement (Presidential Realty Corp/De/)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw voluntarily withdraw from the Company Company, and any Member who shall voluntarily withdraw shall be in intentional breach of this Agreement. No In addition to other remedies for breach available to the Company in equity or at law, any Member who shall Voluntarily Withdraw voluntarily withdraw shall be entitled to receive, in liquidation forfeit its entire Interest as determined as of his Interest, pursuant to Section 25-10 of the Act or otherwise, the fair value of the Member’s Interest on the date of Voluntary Withdrawal.

Appears in 1 contract

Samples: Operating Agreement (U S Energy Systems Inc)

Voluntary Withdrawal. No Member shall have the right or power to Voluntarily Withdraw effect a voluntary withdrawal from the Company and any Member who shall voluntarily withdraw shall be in intentional breach of Company, except as otherwise provided by this Agreement. No Any Member who effectuates a Voluntary Withdrawal in violation of this agreement shall Voluntarily Withdraw shall not be entitled to receive, in liquidation of his Interest, pursuant to Section 25-10 of the Act or otherwise, receive the fair value of the Member’s Interest on as of the date of the Voluntary WithdrawalWithdrawal as otherwise provided in Section 18-604 of the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (M Wave Inc)

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