Common use of Covenant Not to Withdraw or Dissolve Clause in Contracts

Covenant Not to Withdraw or Dissolve. Notwithstanding any provision of the Act, but except as otherwise provided in this Agreement, each Member hereby covenants and agrees that the Members have entered into this Agreement based on their mutual expectation that all Members will continue as Members and carry out the duties and obligations undertaken by them hereunder and that, except as otherwise expressly required or permitted hereby, each Member hereby covenants and agrees not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, (b) take any action that would cause voluntary bankruptcy of such Member, (c) withdraw or attempt to withdraw from the Company, (d) exercise any power under the Act to dissolve the Company, (e) transfer all or any portion of his, her or its Membership Interest in the Company, (f) petition for judicial dissolution of the Company, or (g) demand a return of such Member’s contributions or profits (or a bond or other security for the return of such contributions or profits) without the unanimous consent of the Members.

Covenant Not to Withdraw or Dissolve. Notwithstanding any provision of the Delaware Act, but except as otherwise provided in this Agreement, each Member hereby covenants and agrees that the Members have it has entered into this Agreement based on their mutual the expectation that all Members will continue as Members and carry out the duties and obligations undertaken by them hereunder and that, except hereunder. Except as otherwise expressly required or permitted hereby, each Member hereby hereunder covenants and agrees not to (ai) take any action to file a certificate of dissolution or its equivalent with respect to itself, (bii) take any action that would cause voluntary bankruptcy a Bankruptcy of such Member, (ciii) withdraw or attempt to withdraw from the Company, except as otherwise expressly permitted by this Agreement or the Delaware Act, (div) exercise any power under the Delaware Act to dissolve the Company, (ev) transfer all or any portion of hisits Interest, her or its Membership Interest in the Company, (f) petition for judicial dissolution of the Companyexcept as expressly provided herein, or (gvi) demand a return of such Member’s contributions Capital Contributions or profits (or a bond or other security for the return of such contributions or profits) ), in each case without the unanimous consent of the other Members.

Covenant Not to Withdraw or Dissolve. Notwithstanding any provision of the Act, but except as otherwise provided in this Agreement, each Member hereby covenants and agrees that the Members have entered into this Agreement based on their mutual expectation that all Members will continue as Members and carry out the duties and obligations undertaken by them hereunder and that, except as otherwise expressly required or permitted hereby, each Member hereby covenants and agrees not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, (b) take any action that would cause voluntary bankruptcy a Voluntary Bankruptcy of such Member, (c) withdraw or attempt to withdraw from the Company, (d) exercise any power under the Act to dissolve the Company, (e) transfer Transfer all or any portion of his, her or its Membership Interest his interest in the Company, (f) petition for judicial dissolution of the Company, or (g) demand a return of such Member’s contributions or profits (or a bond or other security for the return of such contributions or profits) without the unanimous consent of the MembersMembers holding more than fifty percent (50%) of the Percentage Interests.

Covenant Not to Withdraw or Dissolve. Notwithstanding any provision of the Act, but except as otherwise provided in this Agreement, each Member hereby covenants and agrees that the Members have entered into this Agreement based on their mutual expectation that all Members will continue as Members and carry out the duties and obligations undertaken by them hereunder and that, except as otherwise expressly required or permitted hereby, each Member hereby covenants and agrees not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, (b) take any action that would cause voluntary bankruptcy of such Member, (c) withdraw or attempt to withdraw from the Company, (d) exercise any power under the Act to dissolve the Company, (e) transfer all or any portion of his, her or its Membership Interest his interest in the Company, (f) petition for judicial dissolution of the Company, or (g) demand a return of such Member’s 's contributions or profits (or a bond or other security for the return of such contributions or profits) without the unanimous consent of the Members.

Covenant Not to Withdraw or Dissolve. Notwithstanding any provision of the Act, but except Except as otherwise provided in this Agreement, each Member hereby covenants and agrees that the Members have entered into this Agreement based on their mutual expectation that all Members will continue as Members and carry out the duties and obligations undertaken by them hereunder and that, except as otherwise ------------------------------------ expressly required or permitted hereby, each Member hereby covenants and agrees not to (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, (b) take any action that would cause voluntary a bankruptcy of such Member, (c) withdraw or attempt to withdraw from the Company, (d) exercise any power under the Act to dissolve the Company, (e) transfer all or any portion of his, her or its Membership Interest in the CompanyCompany (other than to a Permitted Transferee), (f) petition for judicial dissolution of the CompanyCompany or subject the Company or the Property to the authority or jurisdiction of any court of bankruptcy, insolvency, receivership or other similar proceeding, (g) demand a return of such Member’s contributions 's Capital Contributions or profits Profits (or a bond or other security for the return of such contributions Capital Contributions or profitsProfits) without the unanimous consent of the MembersMembers or (h) pledge, encumber or hypothecate its Interest in the Company.

Covenant Not to Withdraw or Dissolve. Notwithstanding any provision of the Act, but except Except as otherwise provided in this Agreement, each Member hereby covenants and agrees that the Members have entered into this Agreement based on their mutual expectation that all Members will continue as Members and carry out the duties and obligations undertaken by them hereunder and that, except as otherwise expressly required or permitted hereby, each Member hereby covenants and agrees not to to, without the prior written consent of the Managing Member, (a) take any action to file a certificate of dissolution or its equivalent with respect to itself, (b) take any action that would cause voluntary bankruptcy of such Member, (c) withdraw or attempt to withdraw from the Company, (d) exercise any power under the Act to dissolve the Company, (e) transfer Transfer all or any portion of his, her or its Membership Interest in the CompanyCompany except as expressly permitted hereunder, (f) petition for judicial dissolution of the Company, or (g) demand a return of such Member’s contributions or profits (or a bond or other security for the return of such contributions or profits) without the unanimous consent of the Members).