Withdrawal and Removal of Members. (a) If a Member ceases to hold any Units, then such Member shall cease to be a Member and to have the power to exercise any rights or powers of a Member.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Apollo Global Management LLC), Limited Liability Company Agreement (Apollo Global Management LLC), Limited Liability Company Agreement (Apollo Global Management LLC)
Withdrawal and Removal of Members. (a) If Subject to Section 8.07 hereof, if a Member ceases to hold any Units, including as a result of a forfeiture of Units pursuant to Section 8.02 hereof, then such Member shall cease to be a Member and to have the power to exercise any rights or powers of a Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Exeter Finance Corp)
