Common use of PROHIBITION ON WITHDRAWAL Clause in Contracts

PROHIBITION ON WITHDRAWAL. a. Except in connection with an assignment of its entire or any portion of its Membership Interest in the Company and the admission of the assignee to the Company pursuant to, and in accordance with the provisions of this Agreement, no Member may withdraw from the Company prior to dissolution and winding up. If either Member shall withdraw from the Company in violation of the preceding sentence, then:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ramco Gershenson Properties Trust), Limited Liability Company Agreement (Ramco Gershenson Properties Trust)

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PROHIBITION ON WITHDRAWAL. a. Except in connection with an assignment of its entire or any portion of its Membership Interest in the Company and the admission of the assignee to the Company pursuant to, and in accordance with the provisions of this Agreement, no Member may withdraw from the Company prior to dissolution and winding up. If either Member shall withdraw from the Company in violation of the preceding sentence, then:

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ramco Gershenson Properties Trust), Limited Liability Company Agreement (Ramco Gershenson Properties Trust)

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