Member Resignation. Any Member may resign from the Company at any time upon not less than six (6) months' prior written notice to each other Member. No Member shall be entitled to any distribution from the Company as a result of his resignation. A resigned Member shall have no right to vote on any matter to be determined by the Members. A resigned Member shall have no liability or obligation to make any additional contribution of capital to the Company determined by the Members subsequent to his resignation.
Appears in 3 contracts
Samples: Operating Agreement (Cca Properties of America LLC), Operating Agreement (Cca Properties of America LLC), Operating Agreement (Cca Properties of America LLC)
Member Resignation. Any Member may resign from the Company at any time upon not less than six three (63) months' β prior written notice to each other Member. No Member shall be entitled to any distribution from the Company as a result of his resignation. A resigned Member shall have no right to vote on any matter to be determined by the Members. A resigned Member shall have no liability or obligation to make any additional contribution of capital to the Company determined by the Members subsequent to his resignation.
Appears in 1 contract
Samples: Operating Agreement (Cca Trs, LLC)
Member Resignation. Any Member may resign from the Company at any time upon not less than six three (63) months' prior written notice to each other Member. No Member shall be entitled to any distribution from the Company as a result of his resignation. A resigned Member shall have no right to vote on any matter to be determined by the Members. A resigned Member shall have no liability or obligation to make any additional contribution of capital to the Company determined by the Members subsequent to his resignation.
Appears in 1 contract
Samples: Operating Agreement (Cca Properties of America LLC)
Member Resignation. Any Member may resign from the Company at any time upon not less than six (6) months' month's prior written notice to each other Member. No Member shall be entitled to any distribution from the Company as a result of his resignation. A resigned Member shall have no right to vote on any matter to be determined by the Members. A resigned Member shall have no liability or obligation to make any additional contribution of capital to the Company determined by the Members subsequent to his resignation.
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