Withdrawals by Members Sample Clauses

Withdrawals by Members. No Member may withdraw any amount from its Capital Account unless such withdrawal is made pursuant to this Agreement.
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Withdrawals by Members. Except as provided herein, no Member may withdraw any amount from the Company without the consent of all of the other Members, except upon dissolution of the Company.
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Withdrawals by Members. Except as otherwise required by this Article VIII, no Member shall be required to withdraw from the Company. Except as otherwise permitted by this Article VIII, no Member shall have the right or power to voluntarily withdraw from the Company. Any attempted voluntary withdrawal by a Member shall be void ab initio and of no force or effect, and any Member who shall attempt to voluntarily withdraw shall be in intentional material breach of this Agreement. In any event, no Member who shall voluntarily withdraw shall be entitled to receive, in liquidation of its Interest, pursuant to the Act or otherwise, the fair value of the its Interest as of the date of any voluntary withdrawal. If a Member withdraws as a Member in accordance with Section 8.3, 8.4 or 8.5 below, the terms of Section 8.6 shall apply.
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Withdrawals by Members. Except as expressly provided in this Agreement, no Member (whether upon such Member ceasing to be a member of the Company or otherwise) shall have the right to withdraw any funds or other assets, or to receive any payments or distributions, from the Company or such Member’s Capital Account without the express prior written consent of the Class B Managers and Class A Manager.
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Withdrawals by Members. 10 9.3 Distributions. . . . . . . . . . . . . . . . . . . . . . . . . 11 9.4 Members' Obligation To Repay Or Restore. . . . . . . . . . . . 11 TABLE OF CONTENTS (continued) Article X Protective Rights. . . . . . . . . . . . . . . . . . . . . . . 11 10.1 Approval By Members. . . . . . . . . . . . . . . . . . . . . . 11 10.2 Approval By Other Members. . . . . . . . . . . . . . . . . . . 12
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Withdrawals by Members. A Member may withdraw all or a portion of the Net Assets attributable to its Capital Account as of the last Business Day of each Month or at any other such time as determined by the Trading Manager in its sole discretion (a “Withdrawal Date”) upon at least 3 Business Days prior written notice to the Trading Manager (or as otherwise determined by the Trading Manager) provided, that, all liabilities, contingent or otherwise, of the Company (except any liability to Members on account of their Capital Contributions) shall have been paid, or there shall remain property of the Company sufficient to pay them. There shall be no penalty or fee assessed upon any such withdrawal, although the costs of effecting such withdrawal, as determined by the Trading Manager, may be assessed to the withdrawing Member. All withdrawals shall be paid in cash (U.S. dollars in immediately available funds) or made in-kind, in the sole discretion of the Trading Manager, as promptly as practicable after the Withdrawal Date. No interest shall accrue on any withdrawal proceeds while held by the Company pending payment out to the withdrawing Member. The Trading Manager may suspend withdrawals by the Members if the Trading Manager reasonably determines that (i) extraordinary circumstances exist, including the Company’s inability to liquidate any positions or any other significant administrative or other hardship exists, (ii) the effect of withdrawals would materially impair the Company’s ability to operate in pursuit of its objectives or (iii) the remaining Members would be unfairly and materially disadvantaged. The Trading Manager may, at any time, require any Member to redeem all or a portion of such Member’s Capital Account by giving not less than 5 days’ written notice to the Member or without notice in the case of certain events under the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
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Withdrawals by Members. Except as provided in this Agreement, no Member shall have the right to withdraw any funds or other assets from MRT or such Member's Capital Account without the prior written consent of the Managing Member(s).
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Withdrawals by Members. 10 9.3 Distributions. . . . . . . . . . . . . . . . . . . . . . . . . 11 9.4 Members' Obligation To Repay Or Restore. . . . . . . . . . . . 11
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Related to Withdrawals by Members

  • Transfers and Withdrawals 26 Section 11.1 Transfer......................................................... 26 Section 11.2 Limited Partners' Rights to Transfer............................. 26 Section 11.3

  • Permitted Withdrawals and Transfers from the Distribution Account (a) The Securities Administrator shall, from time to time on demand of the Master Servicer make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements for the following purposes, not in any order of priority:

  • Withdrawals Our banking offices are non-cash facilities and you will not be allowed to withdraw currency at our office locations. Unless clearly indicated otherwise on the account records, any of you, acting alone, who signs to open the account or has authority to make withdrawals may withdraw or transfer all or any part of the account balance at any time. Each of you (until we receive written notice to the contrary) authorizes each other person who signs or has authority to make withdrawals to indorse any item payable to you or your order for deposit to this account or any other transaction with us. Using the word “and” to connect the names of co-owners or co-fiduciaries in the account title (or elsewhere in account records) does not in itself require more than one of you to authorize a withdrawal. Such a restriction must be explicit. You agree that, as to any item that we have no opportunity to examine the signatures, such as an electronic check conversion transaction where a check or similar item is converted into an electronic fund transfer as defined in the Electronic Fund Transfers regulation, you waive any requirement of multiple signatures for withdrawal. We may charge your account for a check even though payment was made before the date of the check, unless we have received written notice of the postdating in time to have a reasonable opportunity to act. We may refuse any withdrawal or transfer request which you attempt on forms not approved by us, by any method we do not specifically permit, which is greater in number than the frequency permitted, or which is for an amount greater or less than any withdrawal limitations. Even if we honor a nonconforming request, we are not required to do so later. We may treat continued abuse of the stated limitations (if any) as your act of closing the account, or we may at our option reclassify your account as a transaction account. If we reclassify your account, your account will be subject to the fees and earnings rules of the new account classification. The fact that we may honor withdrawal requests that overdraw the available account balance does not obligate us to do so later. We will use the date the transaction is completed by us (as opposed to the date you initiate it) to apply the frequency limitations. See the funds availability policy disclosure for information about when you can withdraw funds you deposit. For those accounts for which our funds availability policy disclosure does not apply, you can ask us when you make a deposit when those funds will be available for withdrawal. In addition, we may place limitation on the account until your identity is verified. We may require not less than 7 days’ notice in writing before each withdrawal from an interest-bearing account other than a time deposit, or from any other savings account as defined by Regulation D. Withdrawals from a time account prior to maturity or prior to any notice period may be restricted and may be subject to penalty.

  • Transfers From Other Plans We can receive amounts transferred to this Xxxx XXX from the trustee or custodian of another Xxxx XXX as permitted by the Code. In addition, we can accept rollovers of eligible rollover distributions from employer-sponsored retirement plans as permitted by the Code. We reserve the right not to accept any transfer.

  • Withdrawals From Escrow Account Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

  • Permitted Withdrawals from the Certificate Account and the Distribution Account (a) The Master Servicer may (and, in the case of clause (ix) below, shall) from time to time make withdrawals from the Certificate Account for the following purposes but only to the extent of amounts related to the Combined Mortgage Loans or the Group 5 Mortgage Loans, as applicable to the particular withdrawal:

  • Withdrawal of Members A member may withdraw from this LLC by giving written notice to all other members at least days before the date the withdrawal is to be effective.

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Servicer only:

  • Withdrawals or Transfers All requests for withdrawal or transfer will be in writing on a form provided by or acceptable to us. The method of distribution must be specified in writing or in any other method acceptable to us. The tax identification number of the recipient must be provided to us before we are obligated to make a distribution. Withdrawals will be subject to all applicable tax and other laws and regulations, including but not limited to possible early distribution penalty taxes, surrender charges, and withholding requirements.

  • Permitted Withdrawals from the Certificate Account (a) The Master Servicer may, from time to time, make withdrawals from the Certificate Account for the following purposes (limited, in the case of Servicer reimbursements, to cases where funds in the respective Custodial P&I Account are not sufficient therefor):

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