Common use of Events of Withdrawal Clause in Contracts

Events of Withdrawal. An event of Withdrawal of a Member occurs when any of the following occurs: [a] With respect to any Member, upon the Transfer of all of such Member's Ownership Interest not approved by a majority of the Members (which Transfer is treated as a resignation); [b] With respect to any Member, upon the voluntary withdrawal (including any resignation or retirement in contravention of Section 4.4) of the Member by notice to all other Members;

Appears in 2 contracts

Samples: Operating Agreement (Grand Palais Riverboat Inc), Operating Agreement (Nevada Gold & Casinos Inc)

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Events of Withdrawal. An event of Withdrawal of a Member occurs when any of the following occurs: [a] With respect to any Member, upon the Transfer of all of such Member's Ownership Interest not approved by a majority of the Members (which Transfer is treated as a resignation); [b] With respect to any Member, upon the voluntary withdrawal (including any resignation or retirement in contravention of Section 4.45.9) of the Member by notice to all other Members;

Appears in 2 contracts

Samples: Operating Agreement (Nevada Gold & Casinos Inc), Operating Agreement (Casino America Inc)

Events of Withdrawal. An event of Withdrawal of a Member occurs when any -------------------- of the following occurs: : [a] With respect to any Member, upon the Transfer of all of such Member's Ownership Interest not approved by a majority of the Members (which Transfer is treated as a resignation); [b] With respect to any Member, upon the voluntary withdrawal (including any resignation or retirement in contravention of Section 4.4) of the Member by notice to all other Members;

Appears in 1 contract

Samples: Operating Agreement (Isle of Capri Black Hawk Capital Corp)

Events of Withdrawal. An event of Withdrawal of a Member occurs when any of the following occurs: [a] With respect to any Member, upon the Transfer of all of such Member's Ownership Interest not approved by a majority voluntary withdrawal, retirement or resignation of the Members (which Transfer is treated as a resignation)Member by Notice to the Company; [b] With respect to any MemberMember that is a corporation, upon the voluntary withdrawal (including any resignation or retirement in contravention filing of Section 4.4) articles of dissolution of the Member by notice to all other Memberscorporation;

Appears in 1 contract

Samples: Operating Agreement (Booth Creek Ski Holdings Inc)

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Events of Withdrawal. An event of Withdrawal of a Member occurs when -------------------- any of the following occurs: [: a] With respect to any Member, upon the Transfer of all of such Member's Ownership Interest not approved by a majority of the Members (which Transfer is treated as a resignation); [b] With respect to any Member, upon the voluntary withdrawal (including any resignation or retirement in contravention of Section 4.46.5) of the Member by notice to all other MembersMember;

Appears in 1 contract

Samples: Operating Agreement (FLN Finance Inc)

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