Effect of Dissociation. The dissociation of a Member pursuant to section 183.0802 of the WLLCL will not entitle a Member to a distribution in redemption of the Member's Membership Units. An event of dissociation under section 183.0802(1)(d)-(k) of the WLLCL will be treated as an Involuntary Transfer pursuant to Section 10.4 of this Agreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Effect of Dissociation. The dissociation of a Member pursuant to section 183.0802 of the WLLCL will not entitle a Member to a distribution in redemption of the Membermember's Membership UnitsPercentage Interest. An event of dissociation under section 183.0802(1)(d)-(k) of the WLLCL will be treated as an Involuntary Transfer pursuant to Section 10.4 7.4 of this Agreement.
Appears in 1 contract
Samples: Operating Agreement
Effect of Dissociation. The dissociation of a Member pursuant to section 183.0802 of the WLLCL will not entitle a Member to a distribution in redemption of the Membermember's Membership Units. An event of dissociation under section 183.0802(1)(d)-(k) of the WLLCL will be treated as an Involuntary Transfer pursuant to Section 10.4 7.3 of this Agreement.
Appears in 1 contract
Effect of Dissociation. The dissociation of a Member pursuant to section 183.0802 of the WLLCL will not entitle a Member to a distribution in redemption of the Member's Membership member’s Units. An event of dissociation under section 183.0802(1)(d)-(k183.0802(1)(d)–(k) of the WLLCL will be treated as an Involuntary Transfer pursuant to Section 10.4 7.4 of this Agreement.
Appears in 1 contract
Samples: Operating Agreement
