Common use of Withdrawal by a Member Clause in Contracts

Withdrawal by a Member. No Member may withdraw from membership in the Company prior to the dissolution and winding up of the Company without the written consent of the Members. If consent is given, the withdrawal shall be on such terms and conditions as the Board of Directors may deem appropriate in their sole discretion.

Appears in 5 contracts

Samples: Company Agreement (Entergy Gulf States Louisiana, LLC), Company Agreement (Entergy Arkansas Inc), Company Agreement (Entergy Mississippi Inc)

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Withdrawal by a Member. No Member may withdraw from membership in the Company prior to the dissolution and winding up of the Company without the prior written consent of each of the other Members. If , which consent is given, may be withheld by either of the withdrawal shall be on such terms other Members in its sole and conditions as the Board of Directors may deem appropriate in their sole absolute discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Imperial Sugar Co /New/)

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