Common use of RESIGNATIONS/RETIREMENT Clause in Contracts

RESIGNATIONS/RETIREMENT. A Member may not resign from the Company unless: (a) such Member has contributed the full amount of money or other consideration which constitutes such Member’s Capital Contribution as set forth on Exhibit B hereto; and (b) following the Member’s resignation, there is at least one (1) remaining Member of the Company. The Company may recover damages for breach of this Section 7.06 if any Member violates this Section 7.06 and may offset the Company’s damages against any amount owed to a resigning Member for distributions.

RESIGNATIONS/RETIREMENT. A Subject to Section 10.01 hereof, a Member may not resign from the Company unless: (a) such Member has the Members have contributed the full amount of money or other consideration which constitutes such the Member’s Capital Contribution as set forth on Exhibit B C hereto; and (b) following the Member’s resignation, there is at least one (1) remaining Member of the CompanyCompany and (c) there are, at the time of the resignation, no Notes or amounts outstanding. The Company may recover damages for breach of this Section 7.06 if any Member violates this Section 7.06 and may offset the Company’s damages against any amount owed to a resigning Member for distributions.