Cessation of Membership. The Member shall cease to be a Member only by the bankruptcy or dissolution of such Member, or by the transfer by the Member of all of its limited liability company interests in the Company.
Cessation of Membership. 14.1 Any of the Partner Authorities can withdraw from membership of the Board in the manner set out in paragraph 16 of the Constitution.
14.2 In the event that a Partner Authority withdraws from the Board that Partner Authority shall continue to meet in full:
14.2.1 its contributions in respect of any period during which that Partner Authority was a member of the Board in accordance with clause 13 including any arrears of such contributions;
14.2.2 any additional contractual or other financial commitments and liabilities incurred by the Board on its behalf not covered within its contributions under clause 13; and
14.2.3 its ongoing contributions and liabilities in respect of the Principal Contracts as notified from time to time by the Administering Authority and shall remain subject to this Agreement in respect of such ongoing contributions and liabilities calculated in accordance with the principles set out in Schedule 5 (Budget and cost sharing agreement).
14.3 A Partner Authority withdrawing from the Board shall be entitled to receive its fair share of any assets held by or on behalf of the Board at the date of their withdrawal when those assets are realised or sold by or on behalf of the Board unless the remaining Partner Authorities decide to retain such assets in which event they shall compensate the withdrawing Authority for its share of the market value of such assets.
14.4 If more than one Partner Authority gives notice of withdrawal from membership of the Board in any Financial Year the provisions of paragraph 16.4 of the Constitution shall apply.
14.5 If it is agreed by all Partner Authorities that another local authority should be permitted to join the Board then pursuant to Regulation 11(2)(c) of the 2000 Regulations the Board shall be dissolved and this Agreement terminated with a view to a new Board being established and a replacement agreement on similar terms to this Agreement (as varied by agreement of the proposed Partner Authorities) being completed with effect from the date of termination of this Agreement.
Cessation of Membership. A Person shall cease to be a Member only upon the assignment of such Person's entire Interest and as otherwise expressly provided in this Agreement or the Company's Articles of Organization.
Cessation of Membership. Membership shall cease when an ASEA Member is no longer a credentialed member of ASPPA. A former ASEA mem- ber may apply for reinstatement in accordance with ASPPA’s procedures for re- instatement of credentialed membership, provided that an ASEA member who is expelled pursuant to disciplinary procedures in accordance with Article IX shall not be eligible for reinstatement. The ASEA Leadership Council may exercise approval of mid-year requests to terminate membership at its discretion.
Cessation of Membership. 6.6.1 A person who is a member of a company ceases to be a member of the Company and the person or the person’s successor in interest attains the status of an assignee as set forth in Section 7.1 of Article 7, upon the occurrence of one or more of the following events:
(a) The death of the member, except that the member’s personal representative, executor, or administrator may exercise all of the member’s rights for the purpose of settling the member’s estate, including any power of an assignee and any power the member had under the Articles of Organization or Operating Agreement;
(b) The incapacity of the member, as defined in Title 75, Chapter 1, Section 201 (22) of the Utah Code, except that the member’s guardian or conservator or other legal representative may exercise all of the member’s rights for the purpose of administering the member’s property, including any power of an assignee and any power the member had under the Articles of Organization or Operating Agreement;
(c) The member withdraws by voluntary act from the Company as provided in this Operating Agreement;
(d) Upon the assignment of the member’s entire interest in the Company;
(e) The member is expelled as a member pursuant to Section 6.7; or
(f) Unless otherwise provided in this Operating Agreement, or with the written consent of all other members:
1. At the time the member:
a. makes a general assignment for the benefit of creditors;
b. files a voluntary petition in bankruptcy;
c. becomes the subject of an order for relief in bankruptcy proceedings;
d. files a petition or answer seeking for the member any reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation;
e. files an answer or other pleading admitting or failing to contest the material allegations of a petition filed against the member in any proceeding of the nature described in Subsections (1)(f)(i)(A) through (D); or
f. seeks, consents to, or acquiesces in the appointment of a trustee, receiver, or liquidator of the member or of all or any substantial part of the member’s properties;
2. 120 days after the commencement of any proceeding against the member seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution, or similar relief under any statute, law, or regulation, the proceeding has not been dismissed, or if within 90 days after the appointment without his or her consent or acquiescence of a trustee, receiver, or l...
Cessation of Membership. 4.1 Any Member Library intending to cease membership in NELF shall give notice to the NELF Board in writing.
4.2 The effective date of such withdrawal shall be December 31st of the year in which the notice was given.
4.3 In the period between notice of withdrawal and the effective date of withdrawal the withdrawing Member Library will continue to have all of the benefits and responsibilities of membership.
4.4 The withdrawing member shall also be free to rescind its notice of withdrawal until November 30th of the year in which notice was given.
4.5 A Member Library which ceases to be a member of NELF shall have no claim to NELF assets.
4.6 Application to rejoin may be made in writing by any withdrawn Member Library.
Cessation of Membership. A Person shall cease to be a Member (a) upon the bankruptcy or dissolution of such Person (in which case such Person shall be deemed to have resigned pursuant to Section 3.06(b), regardless of whether such Person would have had the right to resign under such Section 3.06(b)) or (b) at the time such Person ceases to own any Membership Interests, and upon the cessation of its Member status, all rights of a Member under this Agreement shall terminate, provided that (i) if a Member has Transferred its Membership Interests to a Permitted Transferee, such Member shall not cease to be a Member until the Permitted Transferee is admitted to the Company as a Member pursuant to Section 3.01(b), and (ii) no such cessation of any Member’s status as a Member shall affect such Member’s rights or obligations that specifically survive such cessation pursuant to Sections 3.02(b), 11.04 and 14.13 or affect such Member’s rights and obligations under the Company Licensing Agreement.
Cessation of Membership. On any member of the Board ceasing to be a member of the appointing constituent body, or if a constituent body decides that its member should cease to be a member of the Board then that person shall cease to be a member of the Board. A member of the Board may resign from the Board at any time. Such resignation being in writing to the Chair. A resignation shall take effect on the date on which the Chair receives it, or on such later date as intimated by the resigning member. The Board will appoint from its number a chair and vice chair, each from a different constituent body, to hold office (if a member of the Board) for the duration of this Agreement. In the event of a vacancy arising in the office of chair or vice-chair, the Board shall appoint from its number a replacement to hold office (if a member of the Board) for the remainder of the duration of this Agreement. The chair or in the chair’s absence the vice chair, shall preside at all meetings of the Board. If neither the chair or vice chair is present at any meeting of the Board, the members present shall appoint from their number a substitute chair to preside at that meeting.
Cessation of Membership. The membership of any Member shall cease upon the earliest to occur of any of the following events:
(a) such Member’s withdrawal from the Company pursuant to
(b) as to any Member that is not an individual, the filing of a certificate of dissolution, or its equivalent, for such Member; or
(c) the Bankruptcy of such Member.
Cessation of Membership. A person shall cease to be a Member upon the happening of the first to occur of the following:
(a) the Member resigns as provided in paragraph 3.2;
(b) the Bankruptcy of such Member;
(c) in the case of a Member who is an individual, upon (i) the death of the Member or (ii) the adjudication by a court of competent jurisdiction that the Member is incompetent to manage his or her person or property;
(d) in the case of a Member who is acting as a Member by virtue of being a trustee of a trust, the termination of the trust;
(e) in the case of a member that is a partnership or another limited liability company, the dissolution and commencement of winding up of such Member;
(f) in the case of a Member that is a corporation, the dissolution of the corporation or the revocation of its charter; and
