Withdrawal of Members. If a Member has transferred all of its Membership Interest to one or more Assignees, then such Member shall withdraw from the Company if and when all such Assignees have been admitted as Substitute Members in accordance with this Agreement.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (BridgeBio Pharma LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (Streamlogic Corp)
Withdrawal of Members. If a Member has transferred Transferred all of its Membership Interest to one or more Assignees, then such Member shall withdraw be deemed to have withdrawn from the Company if and when all such Assignees have been admitted as Substitute Members in accordance with this Agreement.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Bebe Stores, Inc.), Limited Liability Company Operating Agreement (Spansion Technology LLC)
Withdrawal of Members. If a Member has transferred all of its Membership Interest to one or more Assignees, then such Member shall withdraw from the Company if and when all such Assignees have been admitted as Substitute Members in accordance with this Agreement.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Sentio Healthcare Properties Inc), Limited Liability Company Agreement (Sentio Healthcare Properties Inc), Joint Venture and Operating Agreement (Rentech Inc /Co/)
Withdrawal of Members. If a Member has transferred all of its Membership Interest to one or more Assignees, then such Member shall withdraw automatically be deemed withdrawn from the Company Company, with no further action by any party required, if and when all such Assignees have been admitted as Substitute Members in accordance with this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Summit Care Corp), Limited Liability Company Agreement (Sycamore Park Convalescent Hospital)
Withdrawal of Members. If a Member has transferred all of its Membership Interest Units to one or more Assignees, then such Member shall withdraw from the Company if and when all such Assignees have been admitted as Substitute Members in accordance with this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (American Healthcare REIT, Inc.), Limited Liability Company Agreement (Griffin-American Healthcare REIT III, Inc.)
Withdrawal of Members. If a Member has transferred Transferred all of its Membership Interest such Member’s Units to one or more Assignees, then such Member shall withdraw from the Company if and when all such Assignees have been admitted as Substitute Members in accordance with this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Granite Peak Resources, LLC)
Withdrawal of Members. If a Member has transferred all of its Membership Interest to one or more Assignees, then such Member shall withdraw from the Company if and when all such Assignees have been admitted as Substitute Members in accordance with this Agreement. In the event that a Member has a zero balance in its Capital Account and a zero Percentage Interest, such Member shall be deemed to have withdrawn from the Company and shall have no further rights as a Member; provided, however, such Member shall nonetheless retain its rights under Paragraph 4.1.2(d).
Appears in 1 contract
