Common use of Limited Right to Withdraw for a Member Clause in Contracts

Limited Right to Withdraw for a Member. No Member shall have the right to withdraw from the Company or to receive a return of any of its contributions to the Company until the Company is terminated and its affairs wound up, according to the DLLCA and the Agreement, unless otherwise approved by the Manager.

Appears in 5 contracts

Samples: Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Operating Agreement (Cardone Equal Opportunity Fund 2, LLC), Operating Agreement

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Limited Right to Withdraw for a Member. No Member shall have the right to withdraw from the Company or to receive a return of any of its contributions to the Company until the Company is terminated and its affairs wound up, according to the DLLCA Act and the Agreement, unless otherwise approved by the Manager.

Appears in 5 contracts

Samples: Operating Agreement (Aurora Fund I, LLC), Operating Agreement (ADPI Fund I, LLC), Operating Agreement (ADPI Fund I, LLC)

Limited Right to Withdraw for a Member. a. No Member shall have the right to withdraw from the Company or to receive a return of any of its contributions to the Company until the Company is terminated and its affairs wound up, according to the DLLCA MLLCA and the Agreement, unless as provided for in this Section 7.4, as provided in Section 7.5, or otherwise approved by the Manager.

Appears in 2 contracts

Samples: Operating Agreement (Central Park Fund 1, LLC), Operating Agreement (Central Park Fund I, LLC)

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Limited Right to Withdraw for a Member. β€Œ No Member shall have the right to withdraw from the Company or to receive a return of any of its contributions to the Company until the Company is terminated and its affairs wound up, according to the DLLCA Act and the Agreement, unless otherwise approved by the Manager.

Appears in 1 contract

Samples: Operating Agreement

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