Involuntary Withdrawal definition

Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

Involuntary Withdrawal means any Withdrawal of a General Partner caused by death, adjudication of insanity or incompetence, Bankruptcy, or the removal of a General Partner pursuant to Section 13.2 hereof.

Involuntary Withdrawal means, with respect to the Member, the bankruptcy, insolvency, liquidation or dissolution of the Member under applicable federal or state law.

Examples of Involuntary Withdrawal in a sentence

• In the event of an Involuntary Withdrawal, the withdrawing Partner’s ownership interest shall be valued and sold to the Partnership at a valuation that is to be estimated by a third (3rd) party firm specializing in such assessments.

• Convening of the University Crisis Team to consider the initiation of the Involuntary Withdrawal Procedure.

• A student will be notified of Interim Involuntary Withdrawal through a written notice outlining the Interim Involuntary Withdrawal procedure, including the time, date, and location of the Interim Involuntary Withdrawal Review.

• A student who is considered for but ultimately not subject to Involuntary Withdrawal may be subject to conditions on continued enrollment at the University.

• The Involuntary Withdrawal Procedure is to be employed in those situations in which the regular Student Conduct Review Process is not applicable or, due to safety concerns, cannot be applied in a sufficiently timely fashion.

More Definitions of Involuntary Withdrawal

Involuntary Withdrawal. As to any (i) individual shall mean such individual's death, incapacity or adjudication of incompetence, (ii) corporation shall mean its dissolution or revocation of its charter (unless such revocation is promptly corrected upon notice thereof), (iii) partnership shall mean the dissolution and commencement of winding up of its affairs, (iv) trust shall mean the termination of the trust (but not the substitution of trustees), (v) estate shall mean the distribution by the fiduciary of the estate's complete interest in the Partnership and (vi) any Partner shall mean the Bankruptcy of such Partner.

Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the events set forth in Sections 1705.15(C) through (J) of the Act.

Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the events set forth in Act Section 4A-606(3) through (9).

Involuntary Withdrawal means, the occurrence of any of the following events:

Involuntary Withdrawal shall have the meaning set forth in Section 8.3.

Involuntary Withdrawal means, with respect to any General Partner, the Withdrawal of such General Partner from the Partnership pursuant to Section 9.2 hereof.

Involuntary Withdrawal shall have the meaning set forth in the Holdings Operating Agreement as the same exists on the date hereof (or as may otherwise be agreed to by the parties hereto).