Common use of STATUS AFTER WITHDRAWAL Clause in Contracts

STATUS AFTER WITHDRAWAL. (a) A Person who is permitted or required to resign or withdraw as a Member or Assignee pursuant to this Agreement shall have no rights against the Company; provided, however, that this Section 6.8(a) shall not be construed to limit a former Member’s or Assignee’s right (subject to the limitations contained in Articles IX and XII) to bring any Proceeding against the Company, any Managing Member Associate or any Liquidating Trustee Associate. (b) A Person who is permitted or required to resign or withdraw as a Member or Assignee pursuant to the provisions of this Agreement shall continue as a Member or Assignee, as the case may be, until the effective date of such resignation or withdrawal, but not thereafter, notwithstanding that withdrawal proceeds are not paid to such Person until after the effective date of such resignation or withdrawal.

STATUS AFTER WITHDRAWAL. (a) A Person who is permitted or required to resign or withdraw as a Class A Member or Assignee pursuant to this Agreement shall have no rights against the Company; provided, however, that this Section 6.8(a6.6(a) shall not be construed to limit a former Member’s or Assignee’s right (subject to the limitations contained in Articles IX and XII) to bring any Proceeding against the Company, Company any Managing Member Associate or any Liquidating Trustee Associate. (b) A Person who is permitted or required to resign or withdraw as a Class A Member or Assignee pursuant to the provisions of this Agreement shall continue as a Class A Member or Assignee, as the case may be, until the effective date of such resignation or withdrawal, but not thereafter, notwithstanding that withdrawal proceeds are not paid to such Person until after the effective date of such resignation or withdrawal.

STATUS AFTER WITHDRAWAL. (a) A Person who is permitted or required to resign or withdraw as a Member or Assignee pursuant to this Agreement shall have no rights against the Company; provided, however, that this Section 6.8(a6.6(a) shall not be construed to limit a former Member’s 's or Assignee’s 's right (subject to the limitations contained in Articles IX and XII) to bring any Proceeding against the Company, Company any Managing Member Associate or any Liquidating Trustee Associate. (b) A Person who is permitted or required to resign or withdraw as a Member or Assignee pursuant to the provisions of this Agreement shall continue as a Member or Assignee, as the case may be, until the effective date of such resignation or withdrawal, but not thereafter, notwithstanding that withdrawal proceeds are not paid to such Person until after the effective date of such resignation or withdrawal.

STATUS AFTER WITHDRAWAL. (a) A Person who is permitted or required to resign or withdraw as a Class A Member or Assignee pursuant to this Agreement shall have no rights against the Company; provided, however, that this Section 6.8(a6.6(a) shall not be construed to limit a former Member’s 's or Assignee’s 's right (subject to the limitations contained in Articles IX and XII) to bring any Proceeding against the Company, Company any Managing Member Associate or any Liquidating Trustee Associate. (b) A Person who is permitted or required to resign or withdraw as a Class A Member or Assignee pursuant to the provisions of this Agreement shall continue as a Class A Member or Assignee, as the case may be, until the effective date of such resignation or withdrawal, but not thereafter, notwithstanding that withdrawal proceeds are not paid to such Person until after the effective date of such resignation or withdrawal.