Withdrawal by a Member. A Member has no power to withdraw from the Company, except as otherwise provided in Section 8.
Withdrawal by a Member. No Member may withdraw from membership in the Company prior to the dissolution and winding up of the Company without the written consent of the Members. If consent is given, the withdrawal shall be on such terms and conditions as the Board of Directors may deem appropriate in their sole discretion.
Withdrawal by a Member. In the event of any Involuntary Withdrawal of a Member that results in a transfer of the entire Membership Interest of such Member to another Person, such transferee shall not become a Member, but shall have only the rights provided in Section 1705.18 of the Act.
Withdrawal by a Member. No Member shall have the right to withdraw from the Company without the prior written consent of the Manager(s). From and after the effective date of such withdrawal, the withdrawing Member shall not be entitled to receive any distributions from the Company.
Withdrawal by a Member. A Member has no power to withdraw from the Company, except as otherwise provided in Section 8. Section 6: Salaries, Reimbursement, and Payment of Expenses
Withdrawal by a Member. Any Member may withdraw, at any time, from this Agreement for any reason, or for no reason at all, upon seven (7) days written notice to the Steering Committee. The withdrawal of any Member shall not terminate or have any effect upon the provisions of this Agreement so long as MiWARN remains composed of at least two (2) Members.
Withdrawal by a Member. Subject to the provisions of this section, any Member may withdraw from the Authority by providing the Governing Board no less than thirty (30) days prior written notice including a copy of the initiating resolution by the legislative body of the withdrawing Member. The withdrawing Member shall pay all unpaid contributions that were approved by the Governing Board more than thirty (30) days prior to the date of the notice of withdrawal. No Member may withdraw unless and until it has satisfied any and all outstanding contractual obligations, or other indebtedness for which such Member would otherwise be obligated, in whole or in part, to pay. "Outstanding contractual obligations" includes the obligations for payments on contracts which the Authority has entered into and are legally binding but where additional services will be performed in the future, until the contract has been fully performed.
Withdrawal by a Member. (a) Except as provided in this Section 7.2 or pursuant to the Transfer of a Member's entire interest to one or more Members or Substitute Members pursuant to this Section 7, a Member shall not withdraw all or any portion of its interest in the Company or otherwise cease to be a Member without the unanimous prior consent of the other Members, which consent may be withheld in such Members' sole and absolute discretion.
(b) A Member may be required to withdraw from the Company as provided in Section 7.1(d).
(c) The Bankruptcy, Dissolution or termination of a Member shall be deemed to be a non-permitted withdrawal of the Member unless the resulting Transfer of the Member's interest in the Company has been authorized in accordance with the provisions of this Section 7. If a Person would otherwise become an Assignee of all or a portion of a Member's interest pursuant to the non-permitted withdrawal of the Member or any other Transfer not expressly permitted in accordance with this Section 7, the Company may elect to: (i) disregard the Transfer for all purposes under this Agreement; (ii) treat the transferee as an Assignee; and/or (iii) pursue any available remedies in accordance with the provisions of Section 10.13. The withdrawal of a Member shall not give rise to any rights on the part of such Member or its successor(s) in interest to distributions or a return of capital other than as specifically provided in this Agreement.
Withdrawal by a Member. A Member has no power to withdraw from the Company, except as otherwise provided in Section 8. /'X/'NAy'X/'S/'' Received by NSD/FARA Registration Unit 10/09/2020 1:51:25 PM Received by NSD/FARA Registration Unit 10/09/2020 1:51:25 PM
Withdrawal by a Member. As provided herein, each Member agrees that they may withdraw from the Trust after giving ninety (90) days prior written notice to the Board of Trustees, which withdrawal will be effective on the first day of the following year and only if the following conditions are satisfied:
1) The withdrawing Member is not then in default of its obligation to pay any contributions or assessments;
2) The withdrawing Member shall pay the full amount of a Termination Contribution, as determined by the Board of Trustees in accordance with this Agreement and the Trust Bylaws; and
3) If any municipal debt has been incurred by the Members to finance any portion of the Trust General Operating Fund and/or the Restricted Surplus Fund an opinion is obtained from bond counsel that such withdrawal will not adversely affect the tax exempt status of any interest paid on any debt incurred by the participating municipalities, or any legal entities created for the purpose of incurring such debt. As used herein, the term “debt” includes any municipal bonds, certificates, letters of credit or other instruments of municipal indebtedness. Upon withdrawal by a Member, that Member may be required to pay a Termination Contribution and additional assessments after withdrawal as required by the Board of Trustees in accordance with this Agreement and the Bylaws. Any additional assessments will be based only upon any deficits which were caused by any claims incurred while that Member was a member of the Trust. A claim is “incurred” when the employee injury incurs and not when a claim is made for that injury. If there is a dispute over whether a Member may voluntarily withdraw from the Trust, that Member will have a full and fair opportunity to present any relevant evidence or information to the Board of Trustees who shall decide by majority vote whether the conditions listed above have been met.
