Common use of Withdrawal as Managing Member Clause in Contracts

Withdrawal as Managing Member. The Managing Member may withdraw as the Managing Member if the Company becomes required to register as an investment company under the Investment Company Act, with such withdrawal deemed to occur immediately before such event.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Investment.com Collection LLC)

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Withdrawal as Managing Member. The Managing Member may withdraw as the Managing Member if the Company becomes we become required to register as an investment company under the Investment Company Act, with such withdrawal deemed to occur immediately before such event.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Casa Shares Assets, LLC), Limited Liability Company Agreement (Bran Urban Growth Fund LLC), Limited Liability Company Agreement (Arrived Homes II, LLC)

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Withdrawal as Managing Member. (b) The Managing Member may withdraw as the Managing Member if the Company becomes required to register as an investment company under the Investment Company Act, with such withdrawal deemed to occur immediately before such event.

Appears in 1 contract

Samples: Series Limited Liability Company Agreement (Wahed Real Estate Series 1 LLC)

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