Common use of No Resignation or Expulsion Clause in Contracts

No Resignation or Expulsion. No Member shall take any action to Resign voluntarily, and no Member shall be expelled or otherwise removed involuntarily as a Member, prior to the dissolution and winding up of the Company, other than (a) as a result of a permitted Transfer of all of such Member’s Membership Interests in accordance with Article VII and each transferee of such Membership Interests being admitted as an Additional Member or (b) as otherwise expressly provided in this Agreement. A Member shall cease to be a Member only in the manner described in Section 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. No Except as otherwise permitted herein, a Member shall may not take any action to Resign voluntarily, and no a Member shall 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 (a) as a result of a permitted Transfer Disposition of all of such Member’s Membership Interests in accordance with Article VII and VII, and, if applicable each transferee of the transferees of such Membership Interests being admitted as an Additional Member or (b) as otherwise expressly provided in this Agreementa Substituted Member. A Member shall will cease to be a Member only in the manner described in Section 3.6, 3.4 and Article XII. FORTIS ACQUISITION JVAAG HOLDING CO1, LLC LIMITED LIABILITY COMPANY AGREEMENTLimited Liability Company Operating Agreement

Appears in 1 contract

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

No Resignation or Expulsion. No Except as otherwise permitted herein, a Member shall may not take any action to Resign voluntarily, and no a Member shall 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 (a) as a result of a permitted Transfer Disposition of all of such Member’s Membership Interests in accordance with Article VII and VII, and, if applicable each transferee of the transferees of such Membership Interests being admitted as an Additional Member or (b) as otherwise expressly provided in this Agreementa Substituted Member. A Member shall will cease to be a Member only in the manner described in Section 3.6, 3.4 and Article XII. FORTIS ACQUISITION JVAAG HOLDING CO4, LLC LIMITED LIABILITY COMPANY AGREEMENTLimited Liability Company Operating Agreement

Appears in 1 contract

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

No Resignation or Expulsion. No Except as otherwise permitted herein, a Member shall may not take any action to Resign voluntarily, and no a Member shall 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 (a) as a result of a permitted Transfer Disposition of all of such Member’s Membership Interests in accordance with Article VII and VII, and, if applicable each transferee of the transferees of such Membership Interests being admitted as an Additional Member or (b) as otherwise expressly provided in this Agreementa Substituted Member. A Member shall will cease to be a Member only in the manner described in Section 3.6, 3.4 and Article XII. FORTIS ACQUISITION JVAAG HOLDING CO3, LLC LIMITED LIABILITY COMPANY AGREEMENTLimited Liability Company Operating Agreement

Appears in 1 contract

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

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No Resignation or Expulsion. No Except as otherwise permitted herein, a Member shall may not take any action to Resign voluntarily, and no a Member shall 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 (a) as a result of a permitted Transfer Disposition of all of such Member’s Membership Interests in accordance with Article VII and VII, and, if applicable each transferee of the transferees of such Membership Interests being admitted as an Additional Member or (b) as otherwise expressly provided in this Agreementa Substituted Member. A Member shall will cease to be a Member only in the manner described in Section 3.6, 3.4 and Article XII. FORTIS ACQUISITION JVAAG HOLDING CO2, LLC LIMITED LIABILITY COMPANY AGREEMENTLimited Liability Company Operating Agreement

Appears in 1 contract

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

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