Common use of No Right to Withdraw Clause in Contracts

No Right to Withdraw. Except in connection with the Transfer of Units in accordance with the terms of this Agreement such that the Transferring Member no longer holds any Units, no Member shall have any right to voluntarily resign or otherwise withdraw from the Company without the prior written consent of the Company and each of Comcast and HoldCo. A resigning Member shall only be entitled to receive amounts approved by the Board on the terms and conditions set forth by such Board. A resigning Member shall not be entitled to a distribution of the fair value of its Units under Section 18-604 of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Comcast Corp)

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No Right to Withdraw. Except in connection with the Transfer of Units Membership Interests in accordance with the terms of this Agreement such that the Transferring Member no longer holds any UnitsMembership Interests, no Member shall have any right to voluntarily resign or otherwise withdraw from the Company without the prior written consent of the Company and each of Comcast and HoldCo. A resigning Member shall only be entitled to receive amounts approved by the Board on the terms and conditions set forth by such Board. A resigning Member shall not be entitled to a distribution of the fair value of its Units Membership Interests under Section 18-604 of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (General Electric Co), Limited Liability Company Agreement (Comcast Corp)

No Right to Withdraw. Except in connection with the Transfer of Units Membership Interests in accordance with the terms of this Agreement such that the Transferring Member no longer holds any UnitsMembership Interests, no Member shall have any right to voluntarily resign or otherwise withdraw from the Company without the prior written consent of the Company and each of Comcast and HoldCo. A resigning Member shall only be entitled to receive amounts approved by the Board on the terms and conditions set forth by such Boardother Members. A resigning Member shall not be entitled to a distribution of the fair value of its Units Membership Interests under Section 18-604 of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Japan Bank for International Cooperation), Contribution Agreement (Baker Hughes Inc)

No Right to Withdraw. Except in connection with the Transfer transfer of Units a Membership Interest in accordance with the terms of this Agreement Agreement, such that the Transferring transferring Member no longer holds any UnitsMembership Interest, no Member shall have any right to voluntarily resign or otherwise withdraw from the Company without the prior written consent of the Company and each of Comcast and HoldCo. A resigning Member shall only be entitled to receive amounts approved by the Board on the terms and conditions set forth by such BoardCompany. A resigning Member shall not be entitled to a distribution of the fair value of its Units Membership Interest under Section 18-604 of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (McGraw-Hill Companies Inc), Contribution Agreement (McGraw-Hill Companies Inc)

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No Right to Withdraw. Except in connection with the Transfer transfer of Units in accordance with the terms of this Agreement such that the Transferring transferring Member no longer holds any Units, no Member shall have any right to voluntarily resign or otherwise withdraw from the Company without the prior written consent of the Company and each of Comcast and HoldCoCompany. A resigning Member shall only be entitled to receive amounts approved by the Board on the terms and conditions set forth by such Board. A resigning Member shall not be entitled to a distribution of the fair value of its Units under Section 18-604 of the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Comcast Corp)

No Right to Withdraw. Except as set forth in connection with the Transfer of Units in accordance with the terms of this Agreement such that the Transferring Member no longer holds any UnitsSection 8.1, no Member shall have any right to voluntarily resign or otherwise withdraw from the Company without the prior written consent of all the Company and each of Comcast and HoldCoremaining Members. A resigning Member shall only be entitled to receive amounts approved by the Board of Managers on the terms and conditions set forth by such BoardBoard of Managers. A resigning Member shall not be entitled to a distribution of the fair value of its Units Membership Interests under Section 18-604 of the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Prudential Financial Inc)

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