Withdrawals or Resignations. No member may withdraw without the unanimous approval of the Members. However, if a Member’s interest is based on providing services to the Company, that Member shall be allowed to withdraw or resign as a Member at any time upon 120 days prior written notice to the Company. In the event of such withdrawal, such Member’s Membership Interest will be available for sale as described in Section 7.2. If it is not purchased, the withdrawing Member shall have only an economic interest in the Company after withdrawal. The Withdrawing Member shall the right to share in the Company’s income, gain, losses, deductions, credit or similar items, and to receive distributions from the Company, but not the right to access Company business information or to participate in the Company management, except as required by law. The Withdrawing Member shall not be entitled to a return of the Member’s capital, and may not withdraw contracts or personal guarantees that (s)he may have given. Payments to Members. There will be no minimum or guaranteed payments to Members. The Company shall reimburse the Members for the actual costs including organization expenses incurred to form the Company.
Withdrawals or Resignations. Except as otherwise provided by this Agreement, no Member may withdraw, retire, or resign from the Company.
Withdrawals or Resignations. 4.2.1 Any Member may withdraw or resign as a Member at any time upon one hundred twenty (120) days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Member's Membership Interest shall terminate pursuant to Section 4.3 other than as set forth herein.
Withdrawals or Resignations. No Member may withdraw or resign from the Company.
Withdrawals or Resignations. No Member may withdraw from the Company except pursuant to Article 9.
Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the Company and receive any assets until the dissolution of the Company or with respect to assets only, until the Board determines to make a distribution to the Members.
Withdrawals or Resignations. No Member may withdraw or resign from the Company, whether as a result of the Bankruptcy of such Member or as result of any other events specified in Section 18-304 of the Delaware Act. So long as a Member continues to own or hold any Units, such Member will not have the ability to resign as a Member prior to the dissolution and winding up of the Company and any such resignation or attempted resignation by a Member prior to the dissolution or winding up of the Company will be null and void. When any Person who is a Member ceases to own or hold any Units, such Person will no longer be a Member.
Withdrawals or Resignations. No Member may withdraw or resign from the Company at any time. Notwithstanding the foregoing, or in the event this Section 4.3 is deemed invalid, or in the event of any such withdrawal, such Member’s Membership Interest shall also be subject to purchase and sale as provided in Section 8.2.
Withdrawals or Resignations. No Member may withdraw or resign from the Company except pursuant to ARTICLE 4 and Exhibit E-2, ARTICLE 11, ARTICLE 13 or ARTICLE 14.
Withdrawals or Resignations. Any Member who is under an obligation to --------------------------- render services to the Company may withdraw or resign as a Member at any time upon 90 days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Member's Membership Interest shall be terminated, such Member shall thereafter only have the rights of a transferee as described in Section 6.3 and such Membership Interest shall be subject to purchase and sale as provided in Section 7.2. No other Member may withdraw, retire or resign from the Company
