Common use of Resignation of Member Clause in Contracts

Resignation of Member. A Member (other than a Managing Member) may resign from the Company prior to the dissolution and winding up of the Company only upon, and shall be deemed to have resigned upon, any redemption, exchange or other repurchase by the Company or an assignment of its interests in compliance with the provisions of Section 10.04 and Section 10.05.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Zell Samuel), Company Operating Agreement (Northstar Capital Investment Corp /Md/), Limited Liability (Northstar Capital Investment Corp /Md/)

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Resignation of Member. A Member (other than a Managing Member) may resign from the Company prior to the dissolution and winding up of the Company only upon, and shall be deemed to have resigned upon, any redemption, exchange or other repurchase by the Company or an assignment of its interests in compliance with the provisions of Section 10.04 10.3 and Section 10.0510.4.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Fortress Investment Corp), Limited Liability Company Agreement (Newcastle Investment Corp), Limited Liability Company Agreement (Newcastle Investment Corp)

Resignation of Member. A No Member (other than a Managing Member) may resign from the Company prior to the dissolution and winding up of the Company only upon, and (except that a Member shall cease to be deemed such in connection with a permitted disposition of all of its Membership Interests in the Company pursuant to have resigned upon, any redemption, exchange Article 11 or other repurchase in connection with the redemption by the Company or an assignment of its interests in compliance with the provisions all of Section 10.04 and Section 10.05a Member’s Membership Interests).

Appears in 2 contracts

Samples: Annex A (Biotech Co LLC), Annex A (Bioceres Group PLC)

Resignation of Member. A Member (other than a the Managing Member) may resign from the Company prior to the dissolution and winding up of the Company only upon, and shall be deemed to have resigned upon, any redemption, exchange or other repurchase by the Company or an assignment Transfer of all of its interests Interests in compliance with the provisions of Section 10.04 and Section 10.052.05.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Frontline Capital Group)

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Resignation of Member. A Member (other than a --------------------- Managing Member) may resign from the Company prior to the dissolution and winding up of the Company only upon, and shall be deemed to have resigned upon, any redemption, exchange or other repurchase by the Company or an assignment of its interests in compliance with the provisions of Section 10.04 and Section 10.05.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Reckson Services Industries Inc)

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