Resignation of a Member. A Member may resign from the Company as a Member by giving written notice to the Company and the other Members at least sixty (60) days prior to the effective date of the resignation; however, except as expressly provided herein, a withdrawing Member is not entitled to a return of his or her capital contribution and acquires the status of a Transferee.
Resignation of a Member. A Member may resign from the LLC at any time by giving written notice to the LLC at least sixty (60) days prior to the effective date of resignation.
Resignation of a Member. Other than as provided in Section 10.8 with respect to KKR Members, a Member may resign from the Company only by having all of such Member’s Shares repurchased pursuant to Section 10.9 or pursuant to the Share Repurchase Plan, Company Tender Offers or the Repurchase Arrangement, as applicable, or by assigning all of such Member’s Shares in accordance with this Article X. The resignation of a Member shall not, in and of itself, dissolve or terminate the Company. In the event that a Member ceases to be a member of the Company because of death, legal incompetence, dissolution or other termination, the estate, legal representative or successor of such Member shall be deemed to be the Assignee of the Shares of such Member and may become a Substitute Member only upon compliance with the provisions of Section 10.3. Notwithstanding any provision in this Agreement to the contrary, no Class G Share may be redeemed, repurchased, Assigned, or otherwise transferred without the prior written consent of the KKR Member that is the holder thereof; and any purported redemption, repurchase, Assignment or other transfer without such consent shall be null and void to the fullest extent permitted by law.
Resignation of a Member. So long as any Permitted Indebtedness (other than indebtedness to the Initial Member) is outstanding, the Initial Member may not resign without prior written consent of the Indenture Trustee and the Control Party. A Member (other than the Initial Member) may resign from the Company with the written consent of the Board of Managers. In the event that there is only one Member, such Member shall not be permitted to resign pursuant to this Section 5.4 unless an additional member of the Company is admitted to the Company. Such admission shall be deemed effective immediately prior to the resignation, and, immediately following such admission, the resigning Member shall cease to be a member of the Company.
Resignation of a Member. A member of the Shareholders' Council:
Resignation of a Member. A Member may not and does not have the power or right to resign from the Company prior to the dissolution and winding up of the Company. This Agreement specifically waives the applicability of any the events causing a person to cease being a Member listed in Section 18-304 of the Delaware Act to the Company and the Members. No Member shall cease to be a Member of the Company because of the occurrence of any act or circumstance, except as provided under Section 9.2 of this Agreement.
Resignation of a Member. A Member shall not resign as a member of the Company or as a member of the Company associated with a Series other than in connection with the assignment of all of its Shares (or its Shares in such Series, as applicable) and the admission of a Substitute Member in accordance with this Agreement. Notwithstanding any other provision of this Agreement, the bankruptcy (as defined in the Act) of a Member shall not cause such Member to cease to be a member of the Company or to be a member of the Company associated with a Series, and upon the occurrence of such an event, the Company and each Series shall continue without dissolution. Upon the occurrence of any event that causes the last remaining member of the Company to cease to be a member of the Company or that causes the Sole Member to cease to be a member of the Company (other than upon continuation of the Company without dissolution upon an assignment by the Sole Member of all of its limited liability company interest in the Company and each Series and the admission of the transferee pursuant to the terms of this Agreement), to the fullest extent permitted by law, the personal representative of such member is hereby authorized to, and shall, within 90 days after the occurrence of the event that terminated the continued membership of such member in the Company, agree in writing (i) to continue the Company and each Series and (ii) to the admission of the personal representative or its nominee or designee, as the case may be, as a substitute member of the Company generally and associated with each Series, effective as of the occurrence of the event that terminated the continued membership of such member of the Company in the Company.
Resignation of a Member. A Member may resign from the Company at any time by giving written notice to the Company at least Sixty (60) days prior to the effective date of resignation. LIMITED LIABILITY COMPANY OPERATING AGREEMENT PFG Fund V, LLC ARTICLE 4: FINANCE
Resignation of a Member. Except in connection with a Transfer pursuant to Section 6.05 or Section 6.06, no member shall resign, withdraw, retire or otherwise take action to effect the foregoing.
Resignation of a Member. No Member shall be entitled to resign as a Member (except in relation to the transfer of the entire Membership Interest of a Member and the admission of the transferee as a substituted Member in accordance with the terms of this Operating Agreement) without the Approval of the Members (such Approval determined without regard to the Membership Interest of the Member purporting to resign).
