Common use of Member Withdrawal Clause in Contracts

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.

Appears in 39 contracts

Samples: Limited Liability Company Agreement (TerraForm Power, Inc.), Limited Liability Company Agreement, Limited Liability Company Agreement (Ub Fuel Cell, LLC)

AutoNDA by SimpleDocs

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 AgreementAgreement or a withdrawal or resignation approved by the holders of each Class of Units as provided in Section 7.4(b) and Section 7.4(c) hereof.

Appears in 4 contracts

Samples: Equity Purchase Agreement (Paperweight Development Corp), Equity Purchase Agreement (Hicks Acquisition CO II, Inc.), Limited Liability Company Agreement (57th Street General Acquisition Corp)

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 Company, except pursuant to a Transfer permitted under this Agreement.

Appears in 3 contracts

Samples: Operating Agreement (Enovation Controls, Inc.), Limited Liability Company Agreement (Malibu Boats, Inc.), Limited Liability Company Agreement (Malibu Boats, Inc.)

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 Company, except pursuant to a Transfer permitted under this Agreementtransfer in accordance with Section 4.4.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Rattler Midstream Lp), Limited Liability Company Agreement (Rattler Midstream Lp), Limited Liability Company Agreement (Viper Energy Partners LP)

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 Company, except pursuant to a Transfer permitted under this Agreementtransfer in accordance with Section 4.4 or Section 4.5.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Recapitalization Agreement (Kimbell Royalty Partners, LP)

Member Withdrawal. No Member shall have the power or right to may withdraw or otherwise resign or be expelled from the Company prior to the dissolution and winding up of the Company except without the unanimous vote or written consent of the Members entitled to vote, unless all of such Member’s Membership Interest have been transferred pursuant to a Transfer permitted under the terms of this Agreement. In the event that a Member withdraws from the Company in violation of this Agreement, such Member shall be liable to the Company for damages for breach of this Agreement and the Company shall have no obligation whatsoever to make any special distribution or payments under Section 18-604 of the Act to such Member as a result of such withdrawal.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement (Health Management Associates Inc)

AutoNDA by SimpleDocs

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. Notwithstanding the foregoing, the Manager shall not have the power or right to withdraw or otherwise resign or be expelled from without the Company prior to consent the dissolution and winding up holders of a majority of the Company except pursuant to a Transfer permitted under this AgreementClass B Common Units.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Charter Communications, Inc. /Mo/)

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 Company, except pursuant to a Transfer permitted under this Agreementtransfer in accordance with ‎Section 4.4 or ‎Section 4.5.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP)

Member Withdrawal. No Member shall have the power or right to withdraw withdraw, otherwise resign, or otherwise resign require the repayment of its Capital Contribution (if any) or be expelled from the Company redemption of its Units, prior to the dissolution and winding up of the Company Company, except pursuant to a Transfer of Units permitted under this Agreement.Agreement as provided in Section 6.3, pursuant to

Appears in 1 contract

Samples: Limited Liability Company Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.