Common use of Withdrawal from Membership Clause in Contracts

Withdrawal from Membership. A Member may at any time withdraw from Membership upon the giving of ninety (90) days written notice to the other Members. Provided, however, that if a Member elects to withdraw from the Company, the Company shall have no financial obligation to such withdrawing Member based on such Member’s Membership Interest except that the Company may purchase the withdrawing Member’s Membership Interest for the value of such Member’s capital account as determined pursuant to Section 6. If a Member withdraws and there is a negative balance in such Member’s capital account, the withdrawing Member shall pay such negative amount to the Company within sixty (60) days of such Member’s withdrawal. If the Company elects to purchase a withdrawing Member’s Membership Interest as provided in this Section 4.6, the Company shall pay any amount due hereunder within sixty (60) days. If the Company elects to not purchase a withdrawing Member’s Membership Interest as provided in this Section 4.6, the Company shall be dissolved.

Withdrawal from Membership. A Member may at any time withdraw from Membership upon the giving of ninety (90) days written notice to the other Members. Provided, however, that if a Member elects to withdraw from the Company, the Company shall have no financial obligation to such withdrawing Member based on such Member’s Membership Interest except that the Company may purchase the withdrawing Member’s Membership Interest for the value of such Member’s capital account as determined pursuant to Section 6. If a Member withdraws and there is a negative balance in such Member’s capital account, the withdrawing Member shall pay such negative amount to the Company within sixty (60) days of such Member’s withdrawal. withdrawal If the Company elects to purchase a withdrawing Member’s Membership Interest as provided in this Section 4.6, the Company shall pay any amount due hereunder within sixty (60) days. If the Company elects to not purchase a withdrawing Member’s Membership Interest as provided in this Section 4.6, the Company shall be dissolved.

Withdrawal from Membership. A Member may at any time withdraw from Membership upon the giving of ninety (90) days written notice to the other Members. Provided, however, that if a Member elects to withdraw from the Company, the Company shall have no financial obligation to such withdrawing Member based on such Member’s 's Membership Interest except that the Company may purchase the withdrawing Member’s 's Membership Interest for the value of such Member’s 's capital account as determined pursuant to Section 6. If a Member withdraws and there is a negative balance in such Member’s 's capital account, the withdrawing Member shall pay such negative amount to the Company within sixty (60) days of such Member’s 's withdrawal. If the Company elects to purchase a withdrawing Member’s 's Membership Interest as provided in this Section 4.6, the Company shall pay any amount due hereunder within sixty (60) days. If the Company elects to not purchase a withdrawing Member’s 's Membership Interest as provided in this Section 4.6, the Company shall be dissolved.

Withdrawal from Membership. A Member may at any time withdraw from Membership upon the giving of ninety (90) days written notice to the other Members. Provided, however, that if a Member elects to withdraw from the Company, the Company shall have no financial obligation to such withdrawing Member based on such Member’s Membership Interest except that the Company may purchase the withdrawing Member’s Membership Interest for the value of such Member’s capital account as determined pursuant to Section 6. If a Member withdraws and there is a negative balance in such Member’s capital account, the withdrawing Member shall pay such negative amount to the Company within sixty (60) days of such Member’s withdrawal. , If the Company elects to purchase a withdrawing Member’s Membership Interest as provided in this Section 4.6, the Company shall pay any amount due hereunder within sixty (60) days. If the Company elects to not purchase a withdrawing Member’s Membership Interest as provided in this Section 4.6, the Company shall be dissolved.