Common use of Restrictions on Withdrawal Clause in Contracts

Restrictions on Withdrawal. Subject to the Put Right of the Preferred Members, no Member shall have the right to withdraw from the Company as a Member or to terminate its or his Membership Interest.

Appears in 3 contracts

Sources: Operating Agreement (Vinco Ventures, Inc.), Operating Agreement (Xspand Products Lab, Inc.), Operating Agreement (Xspand Products Lab, Inc.)