Common use of Resignation of Members Clause in Contracts

Resignation of Members. No Member shall have the power or right to resign as a member of the Company prior to the dissolution and winding up of the Company pursuant to Article XIV. Upon or after the dissolution and winding up of the Company, a Member may resign as a member of the Company solely with the prior written consent of the Manager. The attempt by any Member to resign as a member of the Company upon or following the dissolution and winding up of the Company pursuant to Article XIV without the prior written consent of the Manager, but prior to such Member receiving the full amount of Distributions from the Company to which such Member is entitled pursuant to Article XIV, shall be deemed to have breached this Agreement and shall be liable to the Company for all damages (including all lost profits and special, indirect and consequential damages) directly or indirectly caused by the resignation of such Member as a member of the Company. Upon a Transfer of all of a Member’s Units in a Transfer permitted by this Agreement, subject to the provisions of Section 10.06, such Member shall cease to be a Member.

Resignation of Members. No Exception for Transfers, Redemptions and Call Rights permitted by the terms of this Agreement, any Member shall have the power or right to resign as a member of Member from the Company prior to the dissolution and winding up of the Company pursuant to Article XIV. Upon or after the dissolution and winding up of the CompanyAny Member, a Member may however, that attempts to resign as a member of Member from the Company solely with without the prior written consent of the Manager. The attempt by any Member to resign as a member of the Company Manager upon or following the dissolution and winding up of the Company pursuant to Article XIV without the prior written consent of the ManagerXIV, but prior to such Member receiving the full amount of Distributions from the Company to which such Member is entitled pursuant to Article XIV, shall be deemed to have breached this Agreement and shall be liable to the Company for all damages (including all lost profits and special, indirect and consequential damages) directly or indirectly caused by the resignation of such Member as a member of Member. Notwithstanding the Company. Upon immediately preceding sentence to the contrary, upon a Transfer of all of a Member’s Units in a Transfer Transfer, Redemption or Call Right permitted by this Agreement, subject to the provisions of Section 10.06, as applicable, such Member shall cease to be a Member.

Resignation of Members. No Except for Transfers, Redemptions and Call Rights permitted by the terms of this Agreement, no Member shall have the power or right to resign as a member of Member from the Company prior to the dissolution and winding up of the Company pursuant to Article XIV. Upon or after the dissolution and winding up of the CompanyAny Member, a Member may however, that attempts to resign as a member of Member from the Company solely with without the prior written consent of the Manager. The attempt by any Member to resign as a member of the Company Manager upon or following the dissolution and winding up of the Company pursuant to Article XIV without the prior written consent of the ManagerXIV, but prior to such Member receiving the full amount of Distributions from the Company to which such Member is entitled pursuant to Article XIV, shall be deemed to have breached this Agreement and shall be liable to the Company for all damages (including all lost profits and special, indirect and consequential damages) directly or indirectly caused by the resignation of such Member as a member of Member. Notwithstanding the Company. Upon immediately preceding sentence to the contrary, upon a Transfer of all of a Member’s Units in a Transfer Transfer, Redemption or Call Right permitted by this Agreement, subject to the provisions of Section 10.06, as applicable, such Member shall cease to be a Member.