Common use of Distribution upon Resignation Clause in Contracts

Distribution upon Resignation. No resigning Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of resignation from the Company prior to the dissolution and winding up of the Company, except as specifically provided in this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Earthstone Energy Inc), Limited Liability Company Agreement (Earthstone Energy Inc), Contribution Agreement (Earthstone Energy Inc)

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Distribution upon Resignation. No resigning Upon resignation from the Company any withdrawing Member shall not be entitled to receive any distribution or and shall not otherwise be entitled to receive the fair market value of such Member’s Interest in the Company as a result of resignation from the Company prior to the dissolution and winding up of the Company, except as specifically provided in this Agreementits Membership Interest.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (SG Mortgage Securities, LLC), Limited Liability Company Agreement (SG Mortgage Securities, LLC)

Distribution upon Resignation. 2 No resigning Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of resignation from the Company prior to the dissolution and winding up of the Company, except as specifically provided in this Agreement.

Appears in 1 contract

Samples: Securities Purchase Agreement (Earthstone Energy Inc)

Distribution upon Resignation. No resigning Upon resignation from the Company any withdrawing Member shall not be entitled to receive any distribution or and shall not otherwise be entitled to receive the fair market value of such Member’s its Membership Interest in the Company as a result of resignation from the Company prior to the dissolution and winding up of the Company, except as specifically provided in this Agreementor Variable Funding Certificate.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cef Equipment Holding LLC)

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Distribution upon Resignation. No resigning Member shall be entitled to receive any distribution or the value of such Member’s Interest in the Company as a result of resignation from resigning as a member of the Company prior to the dissolution and winding up liquidation of the Company, except as specifically provided in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Archaea Energy Inc.)

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