Retirement or Resignation of Member Sample Clauses

Retirement or Resignation of Member. Section 10.1. Withdrawal 13 Section 10.2. Distributions on Withdrawal 13 Section 11.1. Expulsion 13 Section 11.2. Distributions on Expulsion 13 Section 12.1. Dissolution 14 Section 13.1. Amendments 14 Section 13.2. Integration 14 Section 13.3. Other Activities 14 Section 13.4. Partition 14 Section 13.5. Notices 14 Section 13.6. Provisions Severable 14 Section 13.7. Headings 14 Section 13.8. Third Party Beneficiaries 14 This Limited Liability Company Agreement of Forbes Energy International, LLC is adopted as of the date set forth below by Forbes Energy Services LLC, a Delaware limited liability company, the sole initial member of Forbes Energy International, LLC, as follows:
Sample 1
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Retirement or Resignation of Member. 12 Section 10.1. Withdrawal...........................................................12 Section 10.2. Distributions on Withdrawal..........................................13 ARTICLE XI EXPULSION........................................................................13 Section 11.1. Expulsion............................................................13 Section 11.2. Distributions on Expulsion...........................................13
Sample 1
Retirement or Resignation of Member. Section 10.1. Withdrawal 11 Section 10.2. Distributions on Withdrawal 11 Section 11.1. Expulsion 12 Section 11.2. Distributions on Expulsion 12 Section 12.1. Dissolution 12 Section 13.1. Amendments 12 Section 13.2. Integration 12 Section 13.3. Other Activities 12 Section 13.4. Partition 12 Section 13.5. Notices 12 Section 13.6. Provisions Severable 13 Section 13.7. Headings 13 Section 13.8. Third Party Beneficiaries 13 This Limited Liability Company Agreement of TX Energy Services, LLC is adopted as of the date set forth below by Xxxx X. Xxxxx, the sole initial member of TX Energy Services, LLC, as follows:
Sample 1
Retirement or Resignation of Member. Section 10.1. Withdrawal 11 Section 10.2. Distributions on Withdrawal 11 Section 11.1. Expulsion 12 Section 11.2. Distributions on Expulsion 12 Section 12.1. Dissolution 12 Section 13.1. Amendments 12 Section 13.2. Integration 12 Section 13.3. Other Activities 12 Section 13.4. Partition 12 Section 13.5. Notices 12 Section 13.6. Provisions Severable 13 Section 13.7. Headings 13 Section 13.8. Third Party Beneficiaries 13 This Limited Liability Company Agreement of X.X. Xxxxxx, LLC is adopted as of the date set forth below by Xxxxxxx X. Xxxxxx, Xx., the sole initial member of X.X. Xxxxxx, LLC, as follows:
Sample 1
Retirement or Resignation of Member. Section 10.1. Withdrawal 11 Section 10.2. Distributions on Withdrawal 11 Section 11.1. Expulsion 12 Section 11.2. Distributions on Expulsion 12 Section 12.1. Dissolution 12 Section 13.1. Amendments 12 Section 13.2. Integration 12 Section 13.3. Other Activities 12 Section 13.4. Partition 12 Section 13.5. Notices 12 Section 13.6. Provisions Severable 13 Section 13.7. Headings 13 Section 13.8. Third Party Beneficiaries 13 This Limited Liability Company Agreement of Superior Tubing Testers, LLC is adopted as of the date set forth below by Xxxxxx X. Xxxxxxx, Xx., the sole initial member of Superior Tubing Testers, LLC, as follows:
Sample 1
Retirement or Resignation of Member 
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Related to Retirement or Resignation of Member

  • Resignation and Retirement Any Trustee may resign his trust or retire as a Trustee, by written instrument signed by him and delivered to the other Trustees or to any officer of the Trust, and such resignation or retirement shall take effect upon such delivery or upon such later date as is specified in such instrument.

  • Resignation of NCPS NCPS may resign and be discharged from the performance of its duties hereunder at any time by giving fifteen (15) business days prior written notice to the Broker and the Issuer specifying a date when such resignation shall take effect. Upon any such notice of resignation, the Broker and Issuer jointly shall appoint a successor NCPS hereunder prior to the effective date of such resignation. The retiring NCPS shall transmit all records pertaining to the Escrow Funds and shall pay all Escrow Funds to the successor NCPS, after making copies of such records as the retiring NCPS deems advisable. After any retiring NCPS’s resignation, the provisions of this Escrow Agreement shall inure to its benefit as to any actions taken or omitted to be taken by it while it was escrow agent under this Escrow Agreement. Any corporation or association into which NCPS may be merged or converted or with which it may be consolidated shall be the escrow agent under this Escrow Agreement without further act.

  • Termination and Resignation of Agent (a) The Agent may be terminated at any time upon ten (10) days prior written notice from the Senior Noteholder. In the event that the Agent is terminated pursuant to this Section 30, all of its rights and obligations under this Agreement shall be terminated, other than any rights or obligations that accrued prior to the date of such termination. (b) The Agent may resign at any time on ten (10) days’ prior notice, so long as a successor Agent, reasonably satisfactory to the Note Holders (it being agreed that a Servicer, the Trustee or a Certificate Administrator in a Securitization is satisfactory to the Note Holders), has agreed to be bound by this Agreement and perform the duties of the Agent hereunder. JPM, as Initial Agent, may transfer its rights and obligations to a Servicer, the Trustee or the Certificate Administrator, as successor Agent, at any time without the consent of any Note Holder. Notwithstanding the foregoing, Note Holders hereby agree that, simultaneously with the closing of the Lead Securitization, the Master Servicer shall be deemed to have been automatically appointed as the successor Agent under this Agreement in place of JPM without any further notice or other action. The termination or resignation of such Master Servicer, as Master Servicer under the Lead Securitization Servicing Agreement, shall be deemed a termination or resignation of such Master Servicer as Agent under this Agreement.

  • Termination of Membership You may terminate your membership by giving us written notice or by withdrawing your minimum required membership share(s), if any, and closing all your accounts. You may be denied services for causing a loss to the Credit Union, or you may be expelled for any reason as allowed by applicable law.

  • Compensation of Manager For the services to be rendered and the facilities to be provided by the Manager hereunder, the Trust shall pay to the Manager from the assets of each Fund a management fee computed daily and paid monthly at an annual rate equal to the lesser of (i) that percentage of that Fund's average daily net assets for the Fund's then-current fiscal year set forth opposite the Fund's name on Schedule A annexed hereto (the "Aggregate Management Fee"), minus that Fund's Aggregate Subadviser Fee (as defined below), if any, and (ii) the difference between that Fund's Aggregate Management Fee for the Fund's then-current fiscal year and the aggregate management fees allocated to that Fund for the Fund's then-current fiscal year from the registered investment company portfolios in which it invests (for which the Manager or an affiliate serves as investment adviser). To the extent that any Fund's Aggregate Subadviser Fee exceeds that Fund's Aggregate Management Fee, the Manager shall pay such amount to the applicable subadvisers on the Fund's behalf. A Fund's Aggregate Subadviser Fee is the aggregate amount payable by that Fund to subadvisers pursuant to agreements between the Trust on behalf of the Fund and the subadvisers. If the Manager provides services hereunder for less than the whole of any period specified in this Section 3, the compensation to the Manager shall be accordingly adjusted and prorated.

  • Effect of Bankruptcy, Death, Incompetence or Termination of a Limited Partner The occurrence of an Event of Bankruptcy as to a Limited Partner, the death of a Limited Partner or a final adjudication that a Limited Partner is incompetent (which term shall include, but not be limited to, insanity) shall not cause the termination or dissolution of the Partnership, and the business of the Partnership shall continue if an order for relief in a bankruptcy proceeding is entered against a Limited Partner, the trustee or receiver of his estate or, if he dies, his executor, administrator or trustee, or, if he is finally adjudicated incompetent, his committee, guardian or conservator, shall have the rights of such Limited Partner for the purpose of settling or managing his estate property and such power as the bankrupt, deceased or incompetent Limited Partner possessed to assign all or any part of his Partnership Interest and to join with the assignee in satisfying conditions precedent to the admission of the assignee as a Substitute Limited Partner.

  • Termination of Manager If (a) the amounts evidenced by the Note have been accelerated pursuant to Section 8.1(b) hereof, (b) the Manager shall become insolvent, (c) the Manager is in default under the terms of the Management Agreement beyond any applicable grace or cure period, or (d) Manager is not managing the Property in accordance with the management practices of nationally recognized management companies managing similar properties in locations comparable to those of the Property, then, in the case of (a), (b), (c) or (d), Borrower shall, at the request of Lender, terminate the Management Agreement and replace the Manager with a manager reasonably approved by Lender on terms and conditions reasonably satisfactory to Lender, it being understood and agreed that the management fee for such replacement manager shall not exceed then prevailing market rates. In addition and without limiting the rights of Lender hereunder or under any of the other Loan Documents, in the event that (i) the Management Agreement is terminated, (ii) the Manager no longer manages the Property, or (iii) a receiver, liquidator or trustee shall be appointed for Manager or if Manager shall be adjudicated a bankrupt or insolvent, or if any petition for bankruptcy, reorganization or arrangement pursuant to federal bankruptcy law, or any similar federal or state law, shall be filed by or against, consented to, or acquiesced in by, Manager, or if any proceeding for the dissolution or liquidation of Manager shall be instituted, then Borrower (at Borrower's sole cost and expense) shall immediately, in its name, establish new deposit accounts separate from any other Person with a depository satisfactory to Lender into which all Rents and other income from the Property shall be deposited and shall grant Lender a first priority security interest in such account pursuant to documentation satisfactory in form and substance to Lender.

  • Compensation of Managers Except as may be expressly provided for herein or hereafter approved by the Member, no payment will be made by the Company to any Manager for the services of such Manager or any partner or employee of the Manager.

  • Resignation of Directors A director may resign at any time by delivering written notice to the Board, its Chairman (as hereinafter defined), if any, or the Company. A resignation shall be effective when the notice is delivered unless the notice specifies a later effective date.

  • Resignation of Employment The Executive confirms his/her resignation of his/her employment and of his/her position as an officer of the Company effective (the “Resignation Date”). The parties hereby acknowledge and agree that the Executive’s resignation of employment constitutes a “separation from service” from the Company within the meaning of Section 409A(a)(2)(A)(i) of the Internal Revenue Code of 1986, as amended (the “Code”), and Treasury Regulation Section 1.409A-1(h) (a “Separation from Service”). As of the Resignation Date, the Employment Agreement shall automatically terminate and be of no further force and effect, and neither the Company nor the Executive shall have any further obligations thereunder, except as expressly provided herein. Notwithstanding the foregoing, the Company shall be obligated to Executive for severance payments and continuation of benefits as contemplated by Section 7 of the Employment Agreement and as set forth in Section 3 below.

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