Common use of Withdrawal and Resignation Clause in Contracts

Withdrawal and Resignation. No Member shall have the power or right to withdraw or otherwise resign as a Member from Nevada JV prior to the dissolution and winding up of Nevada JV. Upon a Transfer or redemption of all of a Member’s Membership Interest in a Transfer permitted by this Agreement, such Member shall cease to be a Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Newmont Goldcorp Corp /De/), Limited Liability Company Agreement (Barrick Gold Corp), q4live.s22.clientfiles.s3-website-us-east-1.amazonaws.com

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Withdrawal and Resignation. No Member shall have the power or right to withdraw or otherwise resign as a Member from Nevada JV prior to the dissolution and winding up of Nevada JV. Upon a Transfer or redemption of all of a Member’s Membership Interest Units in a Transfer permitted by this Agreement, such Member shall cease to be a Member.

Appears in 2 contracts

Samples: Operating Agreement (Barrick Gold Corp), Operating Agreement (Newmont Mining Corp /De/)

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