Common use of Deemed Withdrawal Clause in Contracts

Deemed Withdrawal. A Member is deemed to have Withdrawn from the Company upon the occurrence of any of the following events: a) there occurs an event that makes it unlawful for the Member to continue to be a Member; b) the Member commences liquidation or winding up; or c) notice from the Management Committee if the Member commits a Default and the Default has not been cured.

Deemed Withdrawal. A Member is deemed to have Withdrawn from the Company upon the occurrence of any of the following events: (a) there occurs an event that makes it unlawful for the Member to continue to be a Member; (b) the Member becomes Bankrupt; (c) the Member dissolves and commences liquidation or winding winding-up; or c(d) notice from the Management Committee if the Member commits a Default and the Default has not been curedDefault.

Deemed Withdrawal. A Member is deemed to have Withdrawn from the Company upon the occurrence of any of the following events: (a) the Member is deemed, pursuant to Section 7.01(d) to have Withdrawn from the Company; (b) there occurs an event that makes it unlawful for the Member to continue to be a Member; b(c) the Member becomes Bankrupt; (d) the Member dissolves and commences liquidation or winding winding-up; or c(e) notice from the Management Committee if the Member commits a Default and the Default has not been curedDefault.

Deemed Withdrawal. A Member is deemed to have Withdrawn from the Company upon the occurrence of any of the following events:events (each a “Withdrawal Event”): (a) there occurs an event that makes it unlawful for the Member to continue to be a Member; (b) the Member becomes Bankrupt; (c) the Member commences liquidation or winding upup that does not constitute a Disposition; or c(d) notice from the Management Committee if the Member commits a Default and the Default has not been cured.