Date of Disaffiliation Should Local Church timely comply with all of its obligations, representations, and warranties as set forth in this Disaffiliation Agreement and the conditions in Section 2.1 above have been satisfied, Local Church’s disaffiliation from The United Methodist Church will be effective within sixty (60) days of the affirmative vote of the Annual Conference ratification required by Section 2.1 (b)(the “Disaffiliation Date”) or any such other date as the Parties may agree in writing. Such Disaffiliation Date must be subsequent to the Annual Conference’s ratification referenced in Section 2.1 (b) above.
Assuming Institution Portfolio Sales of Remaining Shared-Loss Loans The Assuming Institution shall have the right, with the consent of the Receiver, to liquidate for cash consideration, from time to time in one or more transactions, all or a portion of Shared-Loss Loans held by the Assuming Institution at any time prior to the Termination Date (“Portfolio Sales”). If the Assuming Institution exercises its option under this Section 4.1, it must give sixty
Withdrawal of Members A member may withdraw from this LLC by giving written notice to all other members at least days before the date the withdrawal is to be effective.
