Common use of Resignation or Withdrawal of Members Clause in Contracts

Resignation or Withdrawal of Members. A Member does not have the right or power to resign or withdraw from the Company as a Member unless an additional Member or Members have been properly admitted in accordance with Section 3.3 or 3.4 hereof such that there are at all times a minimum of two Members in the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Gencor Industries Inc)

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Resignation or Withdrawal of Members. A Member does not have the right or power to resign or withdraw from form the Company as a Member unless an additional Member or Members have been properly admitted in accordance with Section 3.3 or 3.4 hereof such that there are at all times a minimum of two Members in the Company.

Appears in 1 contract

Samples: Operating Agreement (Gencor Industries Inc)

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Resignation or Withdrawal of Members. A Member does not have the right or power to resign or withdraw from the Company as a Member unless an additional without the approval of the other Member or Members have been properly admitted except as set forth in accordance with Section 3.3 or 3.4 hereof such that there are at all times a minimum of two Members in the Companythis Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Usec Inc)

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