Withdrawing Member definition

Withdrawing Member has the meaning set forth in Section 9.2(d).

Withdrawing Member has the meaning set forth in Section 15.1.J(3)(c) hereof.

Withdrawing Member shall have the meaning given that term in Section 12.2(d).

Examples of Withdrawing Member in a sentence

• The Withdrawing Member shall not be entitled to a return of the Member’s capital, and may not withdraw contracts or personal guarantees that (s)he may have given.

• The Withdrawing Member shall the right to share in the Company’s income, gain, losses, deductions, credit or similar items, and to receive distributions from the Company, but not the right to access Company business information or to participate in the Company management, except as required by law.

• Upon the occurrence of a Buy- Sell Event, any Members other than the Withdrawing Member, shall have an option to purchase the Withdrawing Member’s Membership Interest on terms and conditions set forth in this Article 12.

• The costs of appraisal shall be borne equally between the remaining Members and the Withdrawing Member.

• The payment to the Withdrawing Member shall also be contingent upon the Company’s receipt of the resignation of the Withdrawing Member, as service provider and/or Manager of the Company, if applicable.

More Definitions of Withdrawing Member

Withdrawing Member has the meaning ascribed thereto in Section 3.2.1(b).

Withdrawing Member shall have the meaning set forth in Section 4.1(e).

Withdrawing Member. As defined in Section 11.2.

Withdrawing Member shall have the meaning set forth in Section 8.5(a) hereof.

Withdrawing Member shall be a Member that requests the return of their Capital Account from the Company in writing.

Withdrawing Member is defined in Section 9.9(b) hereof.

Withdrawing Member means a Member that has given notice of its intent to withdraw from the Agreement pursuant to Section 11.1.