Common use of Resignation and Withdrawal Clause in Contracts

Resignation and Withdrawal. A Manager of the Company may resign from the position of Manager at any time by giving written notice to the Members of the Company. The resignation of a Manager shall take effect upon receipt of notice thereof or at such later time as shall be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Upon the withdrawal of a Manager, such Manager shall be treated as having resigned as of the date of withdrawal and shall automatically cease to be a Manager as of the date of such withdrawal. Except in the case of resignation by reason of withdrawal, the resignation of a Manager who is also a Member pursuant to this Section 6.7 shall not affect such Manager’s rights as a Member and shall not constitute a withdrawal of such Member.

Resignation and Withdrawal. A Manager of the Company may resign from the position of Manager at any time by giving written notice to the Members of the Company. The resignation of a Manager shall take effect upon receipt of notice thereof or at such later time as shall be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Upon the withdrawal of a Manager, such Manager shall be treated as having resigned as of the date of withdrawal and shall automatically cease to be a Manager as of the date of such withdrawal. Except in the case of resignation by reason of withdrawal, the resignation of a Manager who is also a Member pursuant to this Section 6.7 shall not affect such Manager’s 's rights as a Member and shall not constitute a withdrawal of such Member.

Resignation and Withdrawal. A Manager of the Company may resign from the position of Manager at any time by giving written notice to the Members of the Company. The resignation of a Manager shall will take effect upon receipt of notice thereof or at such later time as shall will be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall will not be necessary to make it effective. Upon the withdrawal of a Manager, such Manager shall will be treated as having resigned as of the date of withdrawal and shall will automatically cease to be a Manager as of the date of such withdrawal. Except in the case of resignation by reason of withdrawal, the resignation of a Manager who is also a Member pursuant to this Section 6.7 shall will not affect such Manager’s rights as a Member and shall will not constitute a withdrawal of such Member.

Resignation and Withdrawal. A The Manager of the Company may resign from the position of Manager at any time by giving written notice to the other Members of the Company. The resignation of a resigning Manager shall take effect cease to be the Manager upon receipt of the notice thereof or of such resignation by the Members or, if later, at such later time as shall may be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Upon the withdrawal Withdrawal of a the Member who also serves as the Manager, such the Manager shall be treated as having resigned as of the date of withdrawal Withdrawal and shall automatically cease to be a the Manager as of the date of such withdrawalWithdrawal. Except in the case of resignation by reason of withdrawalWithdrawal, the resignation of a the Manager who is also a Member pursuant to this Section 6.7 8.9 shall not affect such ManagerMember’s rights as a Member and shall not constitute a withdrawal Withdrawal of such Member.

Resignation and Withdrawal. A Any Manager of the Company may resign from the position of Manager at any time by giving written notice to the other Members of the Company. The resignation of resigning Manager shall cease to be a Manager shall take effect upon receipt of the notice thereof or of such resignation by any other Manager or, if later, at such later time as shall may be specified in such notice; and unless otherwise specified therein, the acceptance of such resignation shall not be necessary to make it effective. Upon the withdrawal Withdrawal of a any Manager, such Manager shall be treated as having resigned as of the date of withdrawal Withdrawal and shall automatically cease to be a Manager as of the date of such withdrawalWithdrawal. Except in the case of resignation by reason of withdrawalWithdrawal, the resignation of a Manager who is also a Member pursuant to this Section 6.7 §3.9 shall not affect such ManagerMember’s rights as a Member and shall not constitute a withdrawal Withdrawal of such Member.