Consideration of Members’ Separate Circumstances Sample Clauses

Consideration of Members’ Separate Circumstances. 22 SECTION 7 TRANSFERS AND WITHDRAWALS 22 7.1 General Provisions Regarding Transfers 22 7.2 Transfer by a Member 23 7.3 Withdrawal/Removal of a Member 23 7.4 Procedures Following Member Withdrawal/Removal 23 7.5 Withdrawal/Removal of the Manager 23 7.6 Status of Assignees 23 SECTION 8 DISSOLUTION AND LIQUIDATION 26 8.1 Dissolution Events 26
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Consideration of Members’ Separate Circumstances. The Members recognize that the differing financial, regulatory, income tax and other status and circumstances of the Members may give rise to conflicts of interest among the Members with regard to the timing of capital calls, selection of investments, disposition of assets, making of tax elections, or other Company matters. Except as otherwise specifically provided in this Agreement, the Manager, when making decisions or taking action with respect to the Company or its business, shall not be required to take into consideration the separate status or circumstances of any Member or group of Members.

Related to Consideration of Members’ Separate Circumstances

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Service Jointly Provisioned with an Independent Company or Competitive Local Exchange Company Areas 4.5.1 BellSouth will in some instances provision resold services in accordance with the General Subscriber Services Tariff and Private Line Tariffs jointly with an Independent Company or other Competitive Local Exchange Carrier.

  • Termination of Recall Rights The layoff shall be a termination of employment and recall rights shall lapse if the layoff lasts for more than twenty-four (24) consecutive months without recall.

  • Permitted Transfers Within Escrow 5.1 Transfer to Directors and Senior Officers

  • DISTRIBUTION OF DISSOCIATING MEMBERS INTEREST Upon determination of the dissociating Members’ interest value, the value will be a debt of the Company. The dissociating Member will only be able to demand payment of this debt at dissolution of the Company or by the following method:

  • Change in Form of Business Organization If, during the term of this Agreement, the form of CONTRACTOR’s business organization changes, or the ownership of CONTRACTOR changes, or when changes occur between CONTRACTOR and other businesses that could impact services provided through this Agreement, CONTRACTOR shall promptly notify ADMINISTRATOR, in writing, detailing such changes. A change in the form of business organization may, at COUNTY’s sole discretion, be treated as an attempted assignment of rights or delegation of duties of this Agreement.

  • Termination in the Event of Financial Difficulties If the HSP makes an assignment, proposal, compromise, or arrangement for the benefit of creditors, or is petitioned into bankruptcy, or files for the appointment of a receiver the Funder will consult with the Director before determining whether this Agreement will be terminated. If the Funder terminates this Agreement because a person has exercised a security interest as contemplated by section 107 of the Act, the Funder would expect to enter into a service accountability agreement with the person exercising the security interest or the receiver or other agent acting on behalf of that person where the person has obtained the Director's approval under section 110 of the Act and has met all other relevant requirements of Applicable Law.

  • Suspension of Membership 1. If a member fails to fulfill any of its obligations to the Bank, the Board of Governors may suspend such member by a Super Majority vote as provided in Article 28.

  • VALUATION OF DISSOCIATING MEMBERS INTEREST If a Member wants to exit the Company, and does not have a buyer of its membership interest, the dissociating Member will assign its interest to the current Members according to the following procedures:

  • CONDITIONS OF SETTLEMENT, EFFECT OF DISAPPROVAL, CANCELLATION OR TERMINATION 9.1 The Effective Date of this Settlement Agreement shall not occur unless and until each of the following events occurs and shall be the date upon which the last (in time) of the following events occurs:

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