Waiver of Withdrawal and Purchase Rights. In accordance with the Act, each Member acknowledges and agrees that such Member may not voluntarily withdraw, resign or retire from the Company without the prior written consent of each other Member, which consent may be withheld in each such other Member’s sole and absolute discretion. Each Member further acknowledges and agrees that such Member shall not be entitled to receive the fair market value of such Member’s Interest in the Company pursuant to the Act.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
Waiver of Withdrawal and Purchase Rights. In accordance with the Act, each Member acknowledges and agrees that such Member may not voluntarily withdraw, resign or retire from the Company without the prior written consent of each other Member, which consent may be withheld in each such other Member’s sole and absolute discretion. Each Member further acknowledges and agrees that such Member shall not be entitled to receive the fair market value of such Member’s Interest in the Company pursuant to the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Waiver of Withdrawal and Purchase Rights. In accordance with the Act, each Member acknowledges and agrees that such Member may not voluntarily withdraw, resign or retire from the Company without the prior written consent of each other Member, which consent may be withheld in each such other Member’s sole and absolute discretion. Each Member further acknowledges and agrees that such Member shall not be entitled to receive the fair market value of such Member’s Interest in the Company pursuant to the Act.
ARTICLE VII KBS’S RIGHT TO CAUSE SALE OF THE PROJECTS
Appears in 1 contract
Samples: Limited Liability Company Agreement
