Withdrawal and Removal of Members Sample Clauses

Withdrawal and Removal of Members. 15.1 An "A" Member may cease to be a party to this Deed and cease to be a member of the Company upon giving not less than six months' notice in writing to the Company and the other Members.
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Withdrawal and Removal of Members. (a) If a Member ceases to hold any Units, then such Member shall cease to be a Member and to have the power to exercise any rights or powers of a Member.
Withdrawal and Removal of Members. (a) If a Member ceases to hold any Units, then such Member shall cease to be a Member and to have the power to exercise any rights or powers of a Member. (b) Unless otherwise determined by the Board in its sole and absolute discretion, notwithstanding the provisions of section 24(2) of the Act, a Person shall not cease to be a Member by reason of (i) the commencement and continuation for more than 120 days of any proceedings against the member seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or similar relief under any law, or (ii) the appointment without such Member’s consent or acquiescence of a trustee, receiver or liquidator of the Member or of all or any substantial part of such Member’s properties, which appointment has not been vacated within 90 days after the later of (x) such appointment or (y) the expiration of any stay entered within 90 days after such appointment. ARTICLE IX
Withdrawal and Removal of Members. 10.1 A Member may (but not otherwise, save with the express consent of all other Members) cease to be a party to this Agreement and cease to be a Member of the Company upon satisfaction of all the following conditions:-
Withdrawal and Removal of Members. No Member may withdraw as a member of the Company (a) without the written consent of all of the Members, and the Board of Managers as and to the extent provided in Section 3.3, and (b) if, after such permitted withdrawal, there remains at least one Member. No Member may be removed as a Member of the Company.
Withdrawal and Removal of Members 

Related to Withdrawal and Removal of Members

  • Appointment and Removal Officers shall be appointed by the Board of Directors. Each Officer, including an Officer elected to fill a vacancy, shall hold office until his or her successor is elected, except as otherwise provided by the Act or the Certificate, unless earlier removed pursuant to this Section 6.2. Any Officer may be removed, with or without cause, at any time by the Board of Directors.

  • Term of Agreement; Resignation and Removal of Administrator This Agreement shall continue in force until the dissolution of the Issuer, upon which event this Agreement shall automatically terminate.

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