Resignation of a Managing Member. A Managing Member shall only be entitled to resign upon assignment of all of its Common Units to a single Person in compliance with Section 10.04 and Section 10.05.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Zell Samuel), Limited Liability Company Agreement (Zell Samuel)
Resignation of a Managing Member. A Managing Member shall only be entitled to resign upon assignment of all the entirety of its Common Units Interest to a single Person in compliance with Section 10.04 and Section 10.05.
Appears in 2 contracts
Samples: Company Operating Agreement (Northstar Capital Investment Corp /Md/), Limited Liability (Northstar Capital Investment Corp /Md/)