Member Withdrawal. No Member shall have the power or right to withdraw or otherwise resign or be expelled from the Company prior to the dissolution and winding up of the Company except pursuant to a Transfer permitted under this Agreement.
Member Withdrawal. Members may withdraw from the Agreement on June 30 with the 90-day notification.
Member Withdrawal. The Sole Member shall not have the power or right to withdraw or otherwise resign or be expelled from the Company prior to the dissolution and winding up of the Company except pursuant to a Transfer permitted under this Agreement of all of the Sole Member’s interest to an Assignee or the Company. Notwithstanding anything to the contrary contained in the Act, in no event shall the Sole Member be deemed to have withdrawn from the Company or cease to be a Member upon the occurrence of any of the events specified in this Agreement, or any events similar thereto, unless the Sole Member, after the occurrence of any such event, indicates in a written instrument that the Sole Member has so withdrawn.
Member Withdrawal. Except as contemplated by Section 5.6, withdrawal by a Member shall constitute a breach of this Agreement. Notwithstanding anything to the contrary contained in the Act, in no event shall the Member be deemed to have withdrawn from the Company or cease to be a Member upon the occurrence of any of the events specified in this Agreement, or any events similar thereto, unless the Member, after the occurrence of any such event, indicates in a written instrument that the Member has so withdrawn. Withdrawal of a Member pursuant to this Agreement, subject to the previous sentence, shall not dissolve the Company if at the time of such event of withdrawal there are one or more remaining Members, each of which hereby agrees to continue the business of the Company. If upon an event of withdrawal with respect to a Member there shall be no remaining Members, the Company nonetheless shall not be dissolved and shall not be required to be wound up if, within 90 days after the occurrence of such event of withdrawal, the Management Committee (other than any withdrawn Members) agrees in writing to continue the business of the Company and to the appointment, effective as of the date of such withdrawal, of one or more Members.
Member Withdrawal. No Member shall have the power or right to withdraw, otherwise resign, or require the repayment of its Capital Contribution (if any) or the redemption of its Units, prior to the dissolution and winding up of the Company, except pursuant to a Transfer of Units permitted under this Agreement as provided in Section 6.3, pursuant to Section 6.4(b), or pursuant to a Change of Control. Notwithstanding the foregoing, the Managing Member shall not have the power or right to withdraw or otherwise resign without the consent of the holder of Class B Units (by a majority of holders, such majority to include FTB).
Member Withdrawal. No Member shall have the power or right to withdraw or otherwise resign from the Company prior to the dissolution and winding up of the Company, except pursuant to a transfer in accordance with the applicable provisions of Article IV. When a transferee of a Member’s Membership Interest becomes a Record Holder of the Membership Interest so transferred, such transferring Member shall cease to be a Member with respect to the Membership Interest so transferred. A Member shall not cease to be a Member as a result of the bankruptcy of such Member or as a result of any other events specified in Section 18-304 of the Delaware LLC Act.
Member Withdrawal a. A member state may withdraw from XXXX by providing 90 days written notice from the state portal entity to its Regional Compact and the appropriate regional steering committee.
Member Withdrawal. Except in connection with a transfer of all of a Member’s Units in accordance with this Agreement, withdrawal by a Member shall not be permitted. Withdrawal of a Member pursuant to this Agreement shall not dissolve the Company if at the time of such event of withdrawal there are one or more remaining Members, each of which hereby agrees to continue the business of the Company. If upon an event of withdrawal with respect to a Member there shall be no remaining Members, the Company nonetheless shall not be dissolved and shall not be required to be wound up if, within 90 days after the occurrence of such event of withdrawal, the Board agrees in writing to continue the business of the Company and to the appointment, effective as of the date of such withdrawal, of one or more Members.
Member Withdrawal. A Member may not withdraw from the Network until either the expiration of all of the Member’s outstanding Participation Agreements or the valid [transfer of his/her Point Rights or] surrender of Use Rights Deposited in the Network in accordance with these terms. The surrender of Use Rights requires a minimum of twelve months’ notice in writing from the Member to the Network Administrator and Use Rights may not be surrendered by Members where the Member has any outstanding Reservation or where the Use Rights have been allocated to any third party. Withdrawal from the Network does not remove a Members liability to pay any moneys owed to the Network Administrator or the Affiliated Resort.
Member Withdrawal. A District Member may withdraw as a Member Town of the District upon majority vote of the legislative body of such Member Town taken in accordance with RSA 53-G:8. The vote shall be certified by the Clerk of the municipality and presented to the Board. Thereafter, the Board shall give notice to the remaining District mem- bers of the vote to withdraw and shall hold a meeting to determine if it is in the best interest of the District to continue to exist. Representatives of the District members shall be given an op- portunity to be heard at such meeting together with other interested persons. After such a meeting, the board may declare the District dissolved or it may declare that the District shall continue to exist despite the withdrawal of such member, proving a 2/3 majority vote shall be required to dissolve the district. The membership of the withdrawing municipality shall termi- nate after the vote to withdraw. The withdrawing Member shall have no continuing obligation to the District, nor shall the District have any continuing obligation to such Member, except in accordance with written agreement entered between such member and the District.
