Admission and Withdrawal Sample Clauses

Admission and Withdrawal. Section 1. Admission (Amended February, 1982; December, 1986)
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Admission and Withdrawal. (a) Other than as provided in Paragraph 13 with respect to the successors and assigns of then-existing Members, and other than as provided in the last sentence of this Subparagraph 14(a), no additional Member shall be admitted to the Company without (i) the consent of the Manager, and
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Admission and Withdrawal. (a) By reason of the assignment effected pursuant to Section 1 above, as of the Assignment Date (i) Assignee is hereby admitted as the substituted Member of the LLC pursuant to that certain Limited Liability Company Agreement of ARCP/GRD BioLife Portfolio I, LLC dated June 24 2014 (as amended by that certain: (1) First Amendment to Limited Liability Company Agreement dated November 21, 2014, and (2) Second Amendment to Limited Liability Company Agreement dated March 12, 2015, the “LLC Agreement”), (ii) Assignee shall have Approval Rights (as defined in the LLC Agreement) with respect to the Membership Interests, and (3) upon such admission, Assignee hereby appoints Realty Income Corporation, a Maryland corporation, as the manager of the LLC in accordance with the terms of the operating agreement of the LLC; and (iii) Assignor hereby fully and completely withdraws as the member of LLC and resigns as the manager of the LLC.
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Admission and Withdrawal. 7.1.1 If Party B needs to decorate the leased premises, it shall pay relevant fees and complete all procedures before entering the premises, submit the decoration plan to Party A for approval, and enter the premises only after receiving the Admission Notice officially issued by Party A.
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Admission and Withdrawal. By reason of the assignment effected pursuant to Section 1 above, (i) Assignee is hereby admitted into the Company as a substituted "Member", and (ii) Assignor hereby fully and completely withdraws from the Company. The Company shall not dissolve as a result of the foregoing admission or withdrawal (or any other event described in this Assignment); on the contrary, the business of the Company shall continue without any break or interruption in continuity.
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Admission and Withdrawal 
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Related to Admission and Withdrawal

  • Demand Withdrawal A Holder may withdraw its Registrable Securities from a Demand Registration at any time prior to the effectiveness of the applicable Demand Registration Statement. Upon receipt of notices from all Initiating Holders to such effect, the Company shall cease all efforts to secure effectiveness of the applicable Demand Registration Statement.

  • Effect of Withdrawal The Company shall not be dissolved by the dissolution or other event of withdrawal of a Member if any Member remains to carry on the business of the Company.

  • Rescission and Withdrawal Right Notwithstanding anything to the contrary contained in (and without limiting any similar provisions of) any of the other Transaction Documents, whenever any Purchaser exercises a right, election, demand or option under a Transaction Document and the Company does not timely perform its related obligations within the periods therein provided, then such Purchaser may rescind or withdraw, in its sole discretion from time to time upon written notice to the Company, any relevant notice, demand or election in whole or in part without prejudice to its future actions and rights.

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

  • Dissolution and Winding Up The Company shall dissolve and its business and affairs shall be wound up pursuant to a written instrument executed by the Member. In such event, after satisfying creditors, all remaining assets shall be distributed to the Member.

  • Interest and Withdrawal No interest shall be paid by the Partnership on Capital Contributions. No Partner shall be entitled to the withdrawal or return of its Capital Contribution, except to the extent, if any, that distributions made pursuant to this Agreement or upon termination of the Partnership may be considered as such by law and then only to the extent provided for in this Agreement. Except to the extent expressly provided in this Agreement, no Partner shall have priority over any other Partner either as to the return of Capital Contributions or as to profits, losses or distributions. Any such return shall be a compromise to which all Partners agree within the meaning of Section 17-502(b) of the Delaware Act.

  • Distribution Upon Withdrawal No withdrawing Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of withdrawal from the Company prior to the liquidation of the Company, except as specifically provided in this Agreement.

  • Distributions on Dissolution and Winding Up Upon the dissolution and winding up of the Company, after adjusting the Capital Accounts for all distributions made under Section 5.01 and all allocations under Article 5, all available proceeds distributable to the Members as determined under Section 11.02 shall be distributed to all of the Members to the extent of the Members' positive Capital Account balances.

  • Dissolution of Partnership The Partnership shall be dissolved upon the expiration of its term or the earlier occurrence of any of the following events.

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