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 Units (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 7.5) of the Member; [c] With respect to any Member that is a trust, upon termination of the trust; [d] With respect to any Member, the Bankruptcy of the Member; or [e] Any other event that terminates the continued membership of a Member in the Company. Notwithstanding the foregoing, no Event of Withdrawal shall occur [i] Upon any change in organizational form of any Member; [ii] With respect to any Member that is a corporation, upon the dissolution or liquidation of the corporation; [iii] With respect to any Member that is a partnership, a limited liability company or a similar entity, upon dissolution or liquidation of such entity. Within 10 days after the occurrence of any event of Withdrawal with respect to a Member, such Member will give Notice of the date and the nature of such event to the Company. Any Member failing to give such Notice will be liable in damages for the consequences of such failure as otherwise provided in this Agreement.

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 Units 's Ownership Interest (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 7.56.5) of the Member; [; (c] With respect to any Member that is a trust, upon termination of the trust; [d] With respect to any Member, the Bankruptcy of the Member; or [e] Any other event that terminates the continued membership of a Member in the Company. Notwithstanding the foregoing, no Event of Withdrawal shall occur [i] Upon any change in organizational form of any Member; [ii] ) With respect to any Member that is a corporation, upon the filing of articles of dissolution or liquidation of the corporation; [iii] ; (d) With respect to any Member that is a partnership, a limited liability company or a similar entity, upon dissolution or and liquidation of such entityentity (but not solely by reason of a technical termination under Section 708(b)(1)(b) of the Code); (e) With respect to any Member that is a trust, upon termination of the trust; (f) With respect to any Member, the Bankruptcy of the Member; or (g) Any other event that terminates the continued membership of a Member in the Company. Within 10 days after the occurrence of any event of Withdrawal with respect to a Member, such Member will give Notice of the date and the nature of such event to the Company. Any Member failing to give such Notice will be liable in damages for the consequences of such failure as otherwise provided in this Agreement.

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 Units 's Ownership Interest (which Transfer is treated as a resignation); [b] With respect to any Member, upon the voluntary Withdrawal withdrawal (including any resignation or retirement in contravention of 7.56.5) of the Member; [c] With respect to any Member that is a trust, upon termination of the trust; [d] With respect to any Member, the Bankruptcy of the Member; or [e] Any other event that terminates the continued membership of a Member in the Company. Notwithstanding the foregoing, no Event of Withdrawal shall occur [i] Upon any change in organizational form of any Member; [ii] With respect to any Member that is a corporation, upon the filing of articles of dissolution or liquidation of the corporation; [iiid] With respect to any Member that is a partnership, a limited liability company or a similar entity, upon dissolution or and liquidation of such entityentity (but not solely by reason of a technical termination under (S) 708(b)(1)(B) of the Code); [e] With respect to any Member that is a trust, upon termination of the trust; [f] With respect to any Member, the Bankruptcy of the Member; or [g] Any other event which terminates the continued membership of a Member in the Company. Within 10 days after the occurrence of any event of Withdrawal with respect to a Member, such Member will give Notice of the date and the nature of such event to the Company. Any Member failing to give such Notice will be liable in damages for the consequences of such failure as otherwise provided in this Agreement.

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 Units 's Ownership Interest (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 7.56.5) of the Member; [; (c] With respect to any Member that is a trust, upon termination of the trust; [d] With respect to any Member, the Bankruptcy of the Member; or [e] Any other event that terminates the continued membership of a Member in the Company. Notwithstanding the foregoing, no Event of Withdrawal shall occur [i] Upon any change in organizational form of any Member; [ii] ) With respect to any Member that is a corporation, upon the filing of articles of dissolution or liquidation of the corporation; [iii] ; (d) With respect to any Member that is a partnership, a limited liability company or a similar entity, upon dissolution or and liquidation of such entityentity (but not solely by reason of a technical termination under Section 708(b)(1)(b) of the Code); (e) With respect to any Member that is a trust, upon termination of the trust; (f) With respect to any Member, the Bankruptcy of the Member; or (g) Any other event that terminates the continued membership of a Member in the Company. Within 10 ten days after the occurrence of any event of Withdrawal with respect to a Member, such Member will give Notice of the date and the nature of such event to the Company. Any Member failing to give such Notice will be liable in damages for the consequences of such failure as otherwise provided in this Agreement.