Membership Termination. No Member may terminate its membership in the Sector 21 other than in accordance with this Section 12. A Member that has agreed to join the Sector prior to the 22 Effective Date may withdraw from Sector membership prior to the Effective Date without penalty or 23 prejudice. Thereafter, only a Member that is not in breach of this Agreement and that has no 24 outstanding Sector performance or payment obligations may terminate its membership in the Xxxxxx, 00 and may do so only in compliance with the terms and conditions of this Section 12. Notwithstanding the 26 foregoing, the Board may terminate the membership of a Member in breach of its payment or 27 performance obligations under this Agreement, as the Board deems appropriate in its sole discretion.
Membership Termination. No Member may terminate its membership in the Sector other than in accordance with this Section 12. A Member that has agreed to join the Sector prior to the Effective Date may withdraw from Sector membership prior to the Effective Date without penalty or prejudice. Thereafter, only a Member that is not in breach of this Agreement and that has no outstanding Sector performance or payment obligations may terminate its membership in the Sector, and may do so only in compliance with the terms and conditions of this Section 12. Notwithstanding the foregoing, the Board may terminate the membership of a Member in breach of its payment or performance obligations under this Agreement, as the Board deems appropriate in its sole discretion. Subject to the provisions of this Section 12 regarding withdrawal prior to the Effective Date, above, a Member that is eligible to terminate such Member’s Sector membership may do so only by providing written notice to that effect to all other Members on or before July 1, or such date as the Board may from time to time establish for that purpose (the “Termination Date”) each year. A Member that fails to provide such notice by the Termination Date shall be deemed to have automatically renewed its Sector membership for the following year, and all other Members shall be entitled to act in reliance on such renewal accordingly. If any Member provides a membership termination notice by the Termination Date, each of the other Members shall have ten (10) days from the date they receive such notice to terminate their membership as well, notwithstanding the Termination Date notice deadline. Termination of membership in the Sector shall be effective as of the final day of the current fishing year. If a Member is in breach of this Agreement or has outstanding Sector payment or performance obligations as of the Termination Date, unless the Board takes action to terminate such Member’s membership, such Member’s membership shall be deemed renewed for the following year, notwithstanding any notice of withdrawal such Member may give, and the Sector shall have the authority to file an application for a Sector allocation including such Member as a Member of the Sector. Each Member hereby grants the Sector a power‐of‐ attorney, coupled with an interest, for such purposes, and authorizes each of the Sector’s officers to take any and all actions and execute any and all documents necessary or convenient to give effect to this provision. Termination of m...
Membership Termination. In the event of membership termination, the Member or its legal successors and the Bank agree to abide by the terms of this Agreement, but future Bank funding shall cease. Subject to FHFA regulation and policy directives, the former Member agrees to provide or supplement collateral in support of the Subsidy to the Bank until such time that the Subsidy has been fully repaid or the retention period on the housing unit ceases. The former Member agrees to post collateral from time to time in an amount deemed sufficient by the Bank to meet the former Member's outstanding potential liability under the Homeownership Initiatives.
Membership Termination. You may terminate your membership by giving us notice and complying with the policies and procedures of the Credit Union. Termination will not release you from any fees or obligations you owe us, those incurred in the process of closing your accounts or services or your liability on outstanding items or transactions. You further agree that we can terminate your membership for cause based on any of the circumstances defined in section 16; without notice or further action. Upon termination, no transactions will be allowed.
Membership Termination. − The Member shall use its best efforts to transfer its obligations under the Application and this Agreement to another Bank Member in the event of its loss of Membership in the Bank prior to the Bank’s final disbursement of the subsidy. The Member shall promptly notify the Bank if the Member becomes obligated pursuant to this paragraph to use its best efforts to transfer the subsidy. Member or its legal successors shall be responsible for ongoing monitoring and reporting after final funding or if the obligations under the Application or this Agreement are not transferred. If the Member is acquired by or consolidated with a non- member, the non- member shall agree to assume all the Member’s obligations, if not transferred to another Member, until such obligations are repaid or liquidated.
Membership Termination. No sector member may terminate their membership in the sector 37 other than in accordance with this section. A member that has agreed to join the sector may 38 withdraw from the sector prior to the start of the fishing year (May 1) by providing notification to 39 the sector manager their intent to withdraw by the Termination Date (April 28, 2021 for FY 2021 40 and April 28, 2022, for FY 2022). A member that fails to provide such notice by the Termination 41 Date shall be deemed to have automatically renewed its sector membership for the following 42 fishing year.
Membership Termination. No Member may terminate its membership in the Sector other 2 than in accordance with this Section 12. A Member that has agreed to join the Sector prior to the 3 Effective Date may withdraw from Sector membership prior to the Effective Date without penalty or 4 prejudice. Thereafter, only a Member that is not in breach of this Agreement and that has no 5 outstanding Sector performance or payment obligations may terminate its membership in the Xxxxxx, 0 and may do so only in compliance with the terms and conditions of this Section 12. Notwithstanding the 7 foregoing, the Board may terminate the membership of a Member in breach of its payment or 8 performance obligations under this Agreement, as the Board deems appropriate in its sole discretion. 9 Subject to the provisions of this Section 12 regarding withdrawal prior to the Effective Date, above, a 10 Member that is eligible to terminate such Member’s Sector membership may do so only by providing 11 written notice to that effect to all other Members on or before December 31, 2013 or such date as the 12 Board may from time to time establish for that purpose (the “Termination Date”) each year. A Member 13 that fails to provide such notice by the Termination Date shall be deemed to have automatically 14 renewed its Sector membership for the following year, and all other Members shall be entitled to act in 15 reliance on such renewal accordingly. If any Member provides a membership termination notice by the 16 Termination Date, each of the other Members shall have ten (10) days from the date they receive such 17 notice to terminate their membership as well, notwithstanding the Termination Date notice deadline.
Membership Termination. You may terminate your membership by giving us notice. You may be denied services or expelled for any reason allowed by applicable law, including causing a loss to the Credit Union. If your Regular Share Account balance drops below the $5.00 minimum membership deposit required and is not replenished within forty-five (45) calendar days, as provided in the Credit Union’s Bylaws, your account will be charged a Membership Termination Fee equal to your account balance at that time and your membership will be terminated. Refer to our current Fee Schedule.
Membership Termination. No sector member may terminate their membership in the sector 38 other than in accordance with this section. A member that has agreed to join the sector may 39 withdraw from the sector prior to the start of the fishing year (May 1) by providing notification to 40 the sector manager their intent to withdraw by the Termination Date (April 28, 2019 for FY 2019 41 and April 28, 2020, for FY 2020). A member that fails to provide such notice by the Termination 42 Date shall be deemed to have automatically renewed its sector membership for the following 43 fishing year. 45 If a sector member is in breach of this agreement or has outstanding sector payments or 46 performance obligations as of the Termination Date, unless the Board takes action to terminate 47 such member’s membership, such member’s membership shall be deemed renewed for the 48 following fishing year, notwithstanding any notice of withdrawal such member may give, and the 49 sector shall have the authority to file an application for a sector allocation including such member 50 as a member of the sector. Each member hereby grants the sector power of attorney, coupled 1 with an interest, for such purposes, and authorizes each of the sector’s officers to take any and all 2 actions and execute any and all documents necessary or convenient to give effect to this 3 provision.
Membership Termination. The Committee membership ends due to:
