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.)
Restrictions on Withdrawal. Subject to Except as otherwise expressly permitted in this Agreement, without the Put Right consent of Members holding at least a majority of the Preferred MembersMembership Interests, no a Member shall does not have the right to withdraw from the Company as a Member or to terminate his, her, or its or his Membership Interest.
Appears in 1 contract