Expulsion of a Member. At any time there are more than two (2) Members, the LLC may expel a Member, but only for cause. Cause for expulsion exists if the Member has materially breached or is unable to perform the Member’s material obligations under this Agreement. A Member’s expulsion from the LLC will be effective upon the Member’s receipt of written notice of the expulsion.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement
Expulsion of a Member. At any time there are more than two (2) Members, the LLC may expel a Member, but only Member for cause. Cause for expulsion exists if the Member has materially breached or is unable to perform the Member’s material obligations under this Agreement. A Member’s expulsion from the LLC will be effective upon the Member’s receipt of written notice of the expulsion.. LIMITED LIABILITY COMPANY OPERATING AGREEMENT CF FUND II, LLC
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Cf Fund Ii, LLC), Operating Agreement (Cf Fund Ii, LLC)
Expulsion of a Member. At any time there are more than two (2) Members, the LLC may expel a Member, but only for cause. Cause for expulsion exists if the Member has materially breached or is unable to perform the Member’s 's material obligations under this Agreement. A Member’s 's expulsion from the LLC will be effective upon the Member’s 's receipt of written notice of the expulsion.
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