Common use of Withdrawal of Members Upon Transfer Clause in Contracts

Withdrawal of Members Upon Transfer. (a) If a Member has Transferred all of its Interests in one or more Permitted Transfers or pursuant to Article IX hereof, then such Member shall withdraw from the Company on the date upon which each Assignee of such Interests has been admitted as a Substitute Member in accordance with Section 8.5 hereof, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.

Withdrawal of Members Upon Transfer. (a) If a Member has Transferred all of its Interests Units in one or more Permitted Transfers or pursuant to Article IX hereofTransfers, then such Member shall withdraw from the Company Company, and each applicable Series on the date upon which each Assignee of such Interests Units has been admitted as a Substitute Member in accordance with Section 8.5 hereof8.5, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.

Withdrawal of Members Upon Transfer. (a) If a Member has Transferred all of its Interests Units in one or more Permitted Authorized Transfers or pursuant to Article IX hereofotherwise in compliance with this Agreement, then such Member shall withdraw from the Company on the date upon which each Assignee of such Interests Units has been admitted as a Substitute Member in accordance with Section 8.5 hereofMember, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.

Withdrawal of Members Upon Transfer. (a) If a Member has Transferred transferred all of its Interests in Membership Interest to one or more Permitted Transfers or pursuant to Article IX hereofAssignees, then such Member shall withdraw from the Company on the date upon which each Assignee of if and when all such Interests has Assignees have been admitted as a Substitute Member Members in accordance with Section 8.5 hereof, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.

Withdrawal of Members Upon Transfer. (a) If a Member has Transferred transferred all of its Interests Units in one or more Permitted Transfers or pursuant to Article IX hereofTransfers, then such Member shall withdraw from the Company on the date date, if any, upon which each Assignee of such Interests Units has been admitted as a Substitute Member in accordance with Section 8.5 hereof10.5, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.

Withdrawal of Members Upon Transfer. (a) If a Member has Transferred all of its Interests Units in one or more Permitted Transfers or pursuant to Article IX hereofTransfers, then such Member shall withdraw automatically be deemed to have withdrawn and resigned from the Company on the date upon which each Assignee of such Interests Units has been admitted as a Substitute Member in accordance with Section 8.5 8.6 hereof, and such resigning Member shall no longer be entitled to exercise any rights or powers of a Member under this AgreementAgreement and shall have no right to receive any payment in respect of any Units.

Withdrawal of Members Upon Transfer. (a) If a Member has Transferred transferred all of its Interests Units in one or more Permitted Transfers or pursuant to Article IX hereofTransfers, then such Member shall withdraw from the Company Group on the date date, if any, upon which each Assignee of such Interests Units has been admitted as a Substitute Member in accordance with Section 8.5 hereof10.5, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.