5Status After Withdrawal Clause Samples

5Status After Withdrawal. (a) A Person who is permitted or required to resign or withdraw as a Member or Assignee of a Series pursuant to this Agreement shall have no rights against such Series; provided, however, that this Section 6.5(a) shall not be construed to limit a former Member’s or Assignee’s right (subject to the limitations contained in Articles IX and XII) to bring any Proceeding against the Company, such Series, any Manager Associate or any Liquidating Trustee Associate. (b) A Person who is permitted or required to resign or withdraw as a Member or Assignee of a Series pursuant to the provisions of this Agreement shall continue as a Member or Assignee of such Series, as the case may be, until the effective date of such resignation or withdrawal, but not thereafter, notwithstanding that withdrawal proceeds are not paid to such Person until after the effective date of such resignation or withdrawal.