Common use of No Resignation or Expulsion Clause in Contracts

No Resignation or Expulsion. Except as otherwise permitted herein, a Member may not take any action to Resign voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, in each case other than as a result of a permitted Disposition of all of such Member’s Membership Interests in accordance with Article VII, and, if applicable each of the transferees of such Membership Interests being admitted as a Substituted Member. A Member will cease to be a Member only in the manner described in Section 3.4 and Article XII.

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.), Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.)

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No Resignation or Expulsion. Except as otherwise permitted herein, a A Member may not take any action to Resign voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a NEXEO SOLUTIONS HOLDINGS, LLC LIMITED LIABILITY COMPANY AGREEMENT Member, prior to the dissolution and winding up of the Company, in each case other than as a result of a permitted Disposition of all of such Member’s Membership Interests in accordance with Article VII, and, if applicable 7 and each of the transferees of such Membership Interests being admitted as a Substituted Member. A Member will cease to be a Member only in the manner described in Section 3.4 3.6 and Article XII11.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nexeo Solutions Finance Corp)

No Resignation or Expulsion. Except as otherwise permitted herein, a No Member may not shall take any action to Resign voluntarily, and a no Member may not shall be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, in each case other than (a) as a result of a permitted Disposition Transfer of all of such Member’s Membership Interests in accordance with Article VII, and, if applicable VII and each of the transferees transferee of such Membership Interests being admitted as a Substituted Memberan Additional Member or (b) as otherwise expressly provided in this Agreement. A Member will shall cease to be a Member only in the manner described in Section 3.4 and 3.6, Article XII.. FORTIS ACQUISITION JV, LLC LIMITED LIABILITY COMPANY AGREEMENT

Appears in 1 contract

Samples: Limited Liability Company Agreement (Fortis Minerals, LLC)

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No Resignation or Expulsion. Except as otherwise permitted herein, a Member may not take any action to Resign voluntarily, and a Member may not be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, in each case other than as a result of a permitted Disposition of all of such Member’s Membership Interests in accordance with Article VII, and, if applicable each of the transferees of such Membership Interests being admitted as a Substituted Member. A Member will cease to be a Member only in the manner described in Section 3.4 and Article XII.. AAG HOLDING CO1, LLC Limited Liability Company Operating Agreement

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (LMP Automotive Holdings, Inc.)

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