Common use of Effect of Withdrawal or Termination Clause in Contracts

Effect of Withdrawal or Termination. Upon termination of this Agreement or unilateral withdrawal, a Member shall remain obligated to pay its share of all debts, liabilities and obligations of the Agency required of the Member pursuant to the terms of this Agreement which were incurred or accrued prior to the date of such termination or withdrawal, including, without limitation, those debts, liabilities and obligations pursuant to Sections 4.6 and 14.4 of this Agreement. Any Member that withdraws from the Agency shall have no right to participate in the business and affairs of the Agency or to exercise any rights of a Member under this Agreement or the Act, but shall continue to share in distributions from the Agency on the same basis as if such Member had not withdrawn, provided that a Member that has withdrawn from the Agency shall not receive distributions in excess of the contributions made to the Agency while a Member. The right to share in distributions granted under this Section shall be in lieu of any right the withdrawn Member may have to receive a distribution or payment of the fair value of the Member’s interest in the Agency.

Effect of Withdrawal or Termination. Upon termination of this Agreement or unilateral withdrawal, a Member Agency shall remain obligated to pay its share of all debts, liabilities and obligations of the Agency required of the Member Agency pursuant to the terms of this Agreement which Agreement, and that were incurred or accrued prior to the effective date of such termination or withdrawal, including, including without limitation, limitation those debts, liabilities and obligations pursuant to Sections 4.6 4.11 and 14.4 of this Agreement14.4. Any Member that Agency who withdraws from the Agency shall have no right to participate in the business and affairs of the Agency or to exercise any rights of a Member Agency under this Agreement or the Act, but shall continue to share in distributions from the Agency on the same basis as if such Member Agency had not withdrawn, provided that a Member Agency that has withdrawn from the Agency shall not receive distributions in excess of the contributions made to the Agency while a MemberMember Agency. The right to share in distributions granted under this Section 16.3 shall be in lieu of any right the withdrawn Member Agency may have to receive a distribution or payment of the fair value of the MemberMember Agency’s interest in the Agency.

Effect of Withdrawal or Termination. Upon termination of this Agreement or unilateral withdrawal, a Member shall remain obligated to pay its share of all debts, liabilities and obligations of the Agency required of the Member pursuant to the terms of this Agreement which Agreement, and that were incurred or accrued prior to the effective date of such termination or withdrawal, including, including without limitation, limitation those debts, liabilities and obligations pursuant to Sections 4.6 4.11 and 14.4 of this Agreement15.4. Any Member that who withdraws from the Agency shall have no right to participate in the business and affairs of the Agency or to exercise any rights of a Member under this Agreement or the Act, but shall continue to share in distributions from the Agency on the same basis as if such Member had not withdrawn, provided that a Member that has withdrawn from the Agency shall not receive distributions in excess of the contributions made to the Agency while a Member. The right to share in distributions granted under this Section 17.3 shall be in lieu of any right the withdrawn Member may have to receive a distribution or payment of the fair value of the Member’s interest in the Agency.

Effect of Withdrawal or Termination. Upon termination of this Agreement or unilateral withdrawal, a Member shall remain obligated to pay its share of all debts, liabilities and obligations of the Agency required of the Member pursuant to the terms of this Agreement which were incurred or accrued prior to the date of such termination or withdrawal, including, including without limitation, those debts, liabilities and obligations pursuant to Sections 4.6 4.11 and 14.4 of this Agreement14.4. Any Member that withdraws from the Agency shall have no right to participate in the business and affairs of the Agency or to exercise any rights of a Member under this Agreement or the Act, but shall continue to share in distributions from the Agency on the same basis as if such Member had not withdrawn, provided that a Member that has withdrawn from the Agency shall not receive distributions in excess of the contributions made to the Agency while a Member. The right to share in distributions granted under this Section section shall be in lieu of any right the withdrawn Member may have to receive a distribution or payment of the fair value of the Member’s interest in the Agency.

Effect of Withdrawal or Termination. Upon termination of this Agreement or unilateral withdrawal, a Member Agency shall remain obligated to pay its share of all debts, liabilities and obligations of the Agency required of the Member Agency pursuant to the terms of this Agreement which Agreement, and that were incurred or accrued prior to the effective date of such termination or withdrawal, including, including without limitation, limitation those debts, liabilities and obligations pursuant to Sections 4.6 4.11 and 14.4 of this Agreement15.414.4. Any Member that Agency who withdraws from the Agency shall have no right to participate in the business and affairs of the Agency or to exercise any rights of a Member Agency under this Agreement or the Act, but shall continue to share in distributions from the Agency on the same basis as if such Member Agency had not withdrawn, provided that a Member Agency that has withdrawn from the Agency shall not receive distributions in excess of the contributions made to the Agency while a MemberMember Agency. The right to share in distributions granted under this Section 17.316.3 shall be in lieu of any right the withdrawn Member Agency may have to receive a distribution or payment of the fair value of the MemberMember Agency’s interest in the Agency.