Common use of Admissions, Withdrawals and Removals Clause in Contracts

Admissions, Withdrawals and Removals. No Person shall be admitted to the Company as a Member except in accordance with Section 3.2 or Section 8.5. No Member shall be entitled to retire or withdraw from being a Member of the Company, nor shall any Member be removed from the Company, except in accordance with Section 8.1. No admission, withdrawal, removal or redemption of a Member shall, in and of itself, cause the dissolution of the Company. Any purported admission, withdrawal, removal or redemption which is not in accordance with this Agreement shall be null and void.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Falcon's Beyond Global, Inc.), Limited Liability Company Agreement (Falcon's Beyond Global, Inc.)

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Admissions, Withdrawals and Removals. No Person shall be admitted to the Company as a Member except in accordance with Section 3.2 3.4 (in the case of Persons obtaining Units directly from the Company) or Section 8.57.6 (in the case of transferees of a permitted Transfer of Units from another Person). No Member shall be entitled to retire or withdraw from being a Member of the Company, nor shall any Member be removed from the Company, Company except (a) in accordance with Section 8.17.7, or (b) with the consent of the Board. No admission, withdrawal, withdrawal or removal or redemption of a Member shall, in and of itself, shall cause the dissolution of the Company. Any purported admission, withdrawal, withdrawal or removal or redemption which is not in accordance with this Agreement shall be null and void.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (American Healthcare REIT, Inc.), Limited Liability Company Agreement (Griffin-American Healthcare REIT III, Inc.)

Admissions, Withdrawals and Removals. No Person shall be admitted to the Company as a Member Member, except in accordance with Section 3.2 3.1(c) (with respect to Persons receiving Membership Interests directly from the Company), and Section 7.7 (with respect to Persons receiving Membership Interests from a Member or Section 8.5Assignee). No Member shall be removed or entitled to retire or withdraw from being a Member of the Company, nor shall any Member be removed from the Company, except in accordance with Section 8.17.8 or Section 7.9 or pursuant to any separate agreement with the Company. No Except as otherwise provided in this Agreement, no admission, withdrawal, withdrawal or removal or redemption of a Member shall, in and of itself, shall cause the dissolution of the Company. Any purported admission, withdrawal, withdrawal or removal or redemption which is not in accordance with this Agreement shall be null and void.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Enpro Industries, Inc), Securities Purchase Agreement (Enpro Industries, Inc)

Admissions, Withdrawals and Removals. No Person shall be admitted to the Company as a Member except in accordance with Section 3.2 2.5 (in the case of Persons obtaining an Interest directly from the Company) or Section 8.56.6 (in the case of transferees of a permitted Transfer of an Interest from another Person). No Member shall be entitled to retire or withdraw from being a Member of the CompanyCompany except (a) in accordance with Section 6.7, nor or (b) with the consent of each other Member, which consent may be given or withheld in each such Member’s sole and absolute discretion. No Member shall any Member be removed from the Company, subject to removal except in accordance with Section 8.1Sections 2.3.7 or 6.2. No admission, withdrawal, withdrawal or removal or redemption of a Member shall, in and of itself, shall cause the dissolution of the Company. Any purported admission, withdrawal, withdrawal or removal or redemption which is not in accordance with this Agreement shall be null and void.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Sentio Healthcare Properties Inc), Limited Liability Company Agreement (Sentio Healthcare Properties Inc)

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Admissions, Withdrawals and Removals. No Person shall be admitted to the Company as a Member Member, except in accordance with Section 3.2 or (with respect to Persons receiving Interests directly from the Company) and Section 8.58.5 (with respect to Persons receiving Interests from a Member). No Member shall be entitled to retire or withdraw from being a Member of the CompanyCompany except with the written consent of the Manager. Except as otherwise provided in Section 9.2(c), nor shall any Member be removed from the Company, except in accordance with Section 8.1. No no admission, withdrawal, withdrawal or removal or redemption of a Member shall, in and of itself, shall cause the dissolution of the Company. Any purported admission, withdrawal, withdrawal or removal or redemption which is not in accordance with this Agreement shall be null and void.

Appears in 1 contract

Samples: Operating Agreement (Kb Home)

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