Common use of Waiver of Withdrawal and Purchase Rights Clause in Contracts

Waiver of Withdrawal and Purchase Rights. Except in connection with any transfer permitted in accordance with this Agreement, no Member may voluntarily withdraw, resign or retire from the Company without the prior written consent of the other Member, which consent may be withheld in such other Member's sole and absolute discretion. In furtherance of the foregoing, each Member hereby waives any and all rights such Member may have to withdraw and/or resign from the Company pursuant to Section 18-603 of the Delaware Act and hereby 1101801.21/OC 54430-10898/2568195.16 31 waives any and all rights such Member may have to receive the fair value of such Member's Interest in the Company upon such resignation and/or withdrawal pursuant to Section 18-604 of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

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Waiver of Withdrawal and Purchase Rights. Except in connection with any transfer permitted in accordance with this Agreementpursuant to Sections 6.01, 6.02, 6.03 and/or Article VII, no Member may voluntarily withdraw, resign or retire from the Company without the prior written consent of the other Member, which consent may be withheld in such other Member's sole and absolute discretion. In furtherance of the foregoing, each Each Member hereby waives any and all rights such Member may have to withdraw and/or resign from the Company pursuant to Section 18-603 of the Delaware Act and hereby 1101801.21/OC 54430-10898/2568195.16 31 waives any and all rights such Member may have to receive the fair value of such Member's Interest in the Company upon such withdrawal, resignation and/or withdrawal retirement pursuant to Section 18-604 of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Aladdin Gaming Holding LLC)

Waiver of Withdrawal and Purchase Rights. Except in connection with any transfer permitted in accordance with this Agreement, no No Member may voluntarily withdraw, resign or retire from the Company without the prior written consent of the other Member, which consent in each case may be withheld in the sole discretion of such other Member's sole and absolute discretion. In furtherance of the foregoing, each Each Member hereby waives any and all rights such Member may have to withdraw and/or resign from the Company pursuant to Section 18-603 of the Delaware Act and hereby 1101801.21/OC 54430-10898/2568195.16 31 waives any and all rights such Member may have to receive the fair value of such Member's ’s Interest in the Company upon such withdrawal, resignation and/or withdrawal retirement pursuant to Section 18-604 of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Colony American Homes, Inc.)

Waiver of Withdrawal and Purchase Rights. Except in connection with any transfer permitted in accordance with this Agreement, no Member may voluntarily withdraw, resign or retire from the Company without the prior written consent of the other Member, which consent may be withheld in such other Member's ’s sole and absolute discretion. In furtherance of the foregoing, each Member hereby waives any and all rights such Member may have to withdraw and/or resign from the Company pursuant to Section 18-603 of the Delaware Act and hereby 1101801.21/OC 54430-10898/2568195.16 31 waives any and all rights such Member may have to receive the fair value of such Member's ’s Interest in the Company upon such resignation and/or withdrawal pursuant to Section 18-604 of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

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Waiver of Withdrawal and Purchase Rights. Except in connection with any transfer permitted in accordance with this Agreement, no Member may voluntarily withdraw, resign or retire from the Company without the prior written consent of the other Member, which consent may be withheld in such other Member's sole and absolute discretion. In furtherance of the foregoing, each Member hereby waives any and all rights such Member may have to withdraw and/or resign from the Company pursuant to Section 18-603 of the Delaware Act and hereby 1101801.21/OC 54430-10898/2568195.16 31 waives any and all rights such Member may have to receive the fair value of such Member's Interest in the Company upon such resignation and/or withdrawal pursuant to Section 18-604 of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Tejon Ranch Co)

Waiver of Withdrawal and Purchase Rights. Except in connection with any transfer Disposition permitted in accordance with this Agreement, no Member may voluntarily withdraw, resign or retire from the Company without the prior written consent of the each other Member, which consent may be withheld in each such other Member's ’s sole and absolute discretion. In furtherance of the foregoing, each Member hereby waives any and all rights such Member may have to withdraw and/or resign from the Company pursuant to Section 18-603 of the Delaware Act and hereby 1101801.21/OC 54430-10898/2568195.16 31 waives any and all rights such Member may have to receive the fair value of such Member's ’s Interest in the Company upon such resignation and/or withdrawal pursuant to Section 18-604 of the Delaware Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Five Point Holdings, LLC)

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