Common use of Withdrawal of Members Clause in Contracts

Withdrawal of Members. (a) Any Member may Withdraw voluntarily from the Company on the last day of any calendar month, on not less than 15 days’ prior written notice by such Member to the Managing Member (or on such shorter notice period as may be mutually agreed upon between such Member and the Managing Member); provided, that a Member may not voluntarily Withdraw without the consent of the Managing Member if such Withdrawal would (i) cause the Company to be in default under any of its contractual obligations or (ii) in the reasonable judgment of the Managing Member, have a material adverse effect on the Company or its business.

Withdrawal of Members. (a) Any Member may Withdraw voluntarily from the Company on the last day of any calendar monthmonth (or on such other date as shall be determined by the Designated Members in their sole discretion), on not less than 15 ninety (90) days’ prior written notice by such Member to the Managing Member Designated Members (or on such shorter notice period as may shall be mutually agreed upon between such Member and determined by the Managing MemberDesignated Members in their sole discretion); provided, that a Member may not voluntarily Withdraw without the consent of the Managing Member if such Withdrawal would (i) cause the Company to be in default under any of its contractual obligations or (ii) in the reasonable judgment of the Managing Member, have a material adverse effect on the Company or its business.

Withdrawal of Members. (a) Any Member may Withdraw voluntarily from the Company on the last day of any calendar monthmonth (or on such other date as shall be determined by the Designated Members in their sole discretion), on not less than 15 ninety (90) days’ prior written notice by such Member to the Managing Member Designated Members (or on such shorter notice period as may be mutually agreed upon between such Member and the Managing MemberDesignated Members); provided, that a Member may not voluntarily Withdraw without the consent of the Managing Member if such Withdrawal would (i) cause the Company to be in default under any of its contractual obligations or (ii) in the reasonable judgment of the Managing Member, have a material adverse effect on the Company or its business.

Withdrawal of Members. (a) Any Member may Withdraw voluntarily from the Company on the last day of any calendar monthmonth (or on such other date as shall be determined by the Designated Members in their sole discretion), on not less than 15 90 days’ prior written notice by such Member to the Managing Member Designated Members (or on such shorter notice period as may shall be mutually agreed upon between such Member and determined by the Managing MemberDesignated Members in their sole discretion); provided, that a Member may not voluntarily Withdraw without the consent of the Managing Member if such Withdrawal would (i) cause the Company to be in default under any of its contractual obligations or (ii) in the reasonable judgment of the Managing Member, have a material adverse effect on the Company or its business.

Withdrawal of Members. (a) Any Member may Withdraw voluntarily from the Company on the last day of any calendar monthmonth (or on such other date as shall be determined by the Managing Member in its sole discretion), on not less than 15 days’ prior written notice by such Member to the Managing Member (or on such shorter notice period as may be mutually agreed upon between such Member and the Managing Member); provided, that a Member may not voluntarily Withdraw without the consent of the Managing Member if such Withdrawal would (i) cause the Company to be in default under any of its contractual obligations or (ii) in the reasonable judgment of the Managing Member, have a material adverse effect on the Company or its business.

Withdrawal of Members. (a) Any Member may Withdraw voluntarily from the Company on the last day of any calendar monthmonth (or on such other date as shall be determined by the Managing Member in its sole discretion), on not less than 15 days’ prior written notice by such Member to the Managing Member (or on such shorter notice period as may be mutually agreed upon between such Member and the Managing Member); provided, that a Member may not voluntarily Withdraw without the consent of the Managing Member if such Withdrawal would (i) cause the Company to be in default under any of its contractual obligations or (ii) in the reasonable judgment of the Managing Member, have a material adverse effect on the Company or its business.