Admissions and Withdrawals. No Person shall be admitted to the Company as a Member except in accordance with Paragraph 7.9 (in the case of transferees of a permitted Transfer of a Membership Interest in the Company from another Person) or Paragraph 3.7 (in the case of Additional Members). Except as otherwise specifically set forth herein, no Member or Economic Interest Holder shall be entitled to retire, resign or withdraw from being a Member or Economic Interest Holder of the Company without the prior written consent of the Majority in Interest. Any purported admission or withdrawal that is not in accordance with this Agreement shall be null and void.
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Samples: Limited Liability Company Agreement (Wise Metals Group LLC), Limited Liability Company Agreement (Listerhill Total Maintenance Center LLC)
Admissions and Withdrawals. No Person shall be admitted to the Company as a Member except in accordance with Paragraph 7.9 3.4 (in the case of Persons obtaining an interest in the Company directly from the Company) or Paragraph 7.6 (in the case of transferees of in a permitted Transfer of a Membership Interest an interest in the Company from another Person) or Paragraph 3.7 (in the case of Additional Members). Except as otherwise specifically set forth hereinin Paragraph 7.7, no Member or Economic Interest Holder shall be entitled to retire, resign retire or withdraw from being a Member or Economic Interest Holder of the Company without the prior written consent of the a Majority in Interest. Any purported admission or withdrawal that which is not in accordance with this Agreement shall be null and void.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Summit Care Corp), Limited Liability Company Agreement (Sycamore Park Convalescent Hospital)
Admissions and Withdrawals. No Person shall be admitted to the Company as a Member except in accordance with Paragraph 3.3 (in the case of Persons obtaining an interest in the Company directly from the Company) or Paragraph 7.9 (in the case of transferees of a permitted Transfer of a Membership Interest an interest in the Company from another Person) or Paragraph 3.7 (in the case of Additional Members). Except as otherwise specifically set forth herein, no Member No admission or Economic Interest Holder shall be entitled to retire, resign or withdraw from being withdrawal of a Member or Economic Interest Holder shall cause the dissolution of the Company without the prior written consent of the Majority in InterestCompany. Any purported admission or withdrawal that which is not in accordance with this Agreement shall be null and void.
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