Common use of Resignation of Members Clause in Contracts

Resignation of Members. Except in the event of Transfers pursuant to Section 10.06, no Member shall have the power or right to resign as a Member from the Company prior to the dissolution and winding up of the Company pursuant to Article XIV. Any Member, however, that attempts to resign as a Member from the Company without the prior written consent of the Manager upon or following the dissolution and winding up of the Company pursuant to Article XIV, 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 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. 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. Except in for Transfers, Redemptions and Call Rights permitted by the event terms of Transfers pursuant to Section 10.06this Agreement, no Member shall have the power or right to resign as a Member from the Company prior to the dissolution and winding up of the Company pursuant to Article XIV. Any Member, however, that attempts to resign as a Member from the Company without the prior written consent of the Manager upon or following the dissolution and winding up of the Company pursuant to Article XIV, 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 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. Upon Notwithstanding the 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. Except in Exception for Transfers, Redemptions and Call Rights permitted by the event terms of Transfers pursuant to Section 10.06this Agreement, no any Member shall have the power or right to resign as a Member from the Company prior to the dissolution and winding up of the Company pursuant to Article XIV. Any Member, however, that attempts to resign as a Member from the Company without the prior written consent of the Manager upon or following the dissolution and winding up of the Company pursuant to Article XIV, 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 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. Upon Notwithstanding the 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.