Common use of Voluntary Withdrawal Clause in Contracts

Voluntary Withdrawal. A Member may voluntarily withdraw from the Company by giving thirty (30) days advance written notice to the Company. Upon receipt of such notice, the Company shall have ninety (90) days to remit to the withdrawing Member cash equal to such Member’s Allocable Ownership as payment for such Member’s Membership Interest.

Voluntary Withdrawal. A Member may withdraw voluntarily withdraw from the Company at any time by giving thirty (30) days advance written notice to the CompanyCompany given at least fifteen (15) days in advance. Upon receipt of such noticea voluntary withdrawal by a Member, the Company Member shall cease to have ninety (90) days to remit to a Membership Interest, the withdrawing Member cash equal to such Member’s Allocable Ownership as payment for such Member’s Membership InterestInterest shall be automatically converted into just an Economic Interest and the Member shall not be entitled to receive the fair value of the Membership Interest as of the date of such withdrawal as otherwise provided in Section 18-604 of the Act.

Voluntary Withdrawal. A (a) Any Member may voluntarily withdraw from the Company company by giving thirty (30) 120 days advance written notice to of intent of Voluntary Withdrawalto each of the Companyother members. Upon receipt the effective date of such noticethe Voluntary Withdrawal of any Member, the Companyshall be terminated, unless within 120 days of receipt by the Company of the notice of intent of Voluntary Withdrawal, all of the remaining Members shall have ninety (90) days to remit give notice to the withdrawing Member cash equal of the remaining Members’ election to such Member’s Allocable Ownership as payment for such Member’s Membership Interestpurchase the interest of the withdrawing Member in accordance with Section 8.4 hereof and to continue the business of the company.