Withdrawal; Resignation. Except as otherwise provided in Sections 4, 7, 11, and 13, no Member shall demand or receive a return on or of its Capital Contributions or withdraw or resign as a Member from the Company without the affirmative written consent of all Members. If any Member resigns or withdraws from the Company in breach of this Section 6.5, such resigning or withdrawing Member shall not be entitled to receive any distribution under this Agreement. Under circumstances requiring a return of any Capital Contribution, no Member has the right to receive Property other than Cash except as may be specifically provided herein.
Withdrawal; Resignation. A Member shall not cease to be a Member as a result of the Bankruptcy of such Member or as a result of any other events specified in Section 21 of the Act. So long as a Member continues to own or hold any Shares, such Member shall not have the ability to resign as a Member prior to the dissolution and winding up of the Company and any such resignation or attempted resignation by a Member prior to the dissolution or winding up of the Company shall be null and void. As soon as any Person who is a Member ceases to own or hold any Shares, such Person shall no longer be a Member.
Withdrawal; Resignation. A Member shall not cease to be a Member as a result of the Bankruptcy of such Member or as result of any other events specified in Section 18-304 of the Delaware Act. So long as a Member continues to own or hold any Membership Interests, such Member shall not have the ability to resign as a Member prior to the dissolution and winding-up of the Company and any such resignation or attempted resignation by a Member prior to the dissolution or winding-up of the Company shall be null and void. As soon as any Person who is a Member ceases to own or hold any Membership Interests, such Person shall no longer be a Member.
Withdrawal; Resignation. Except as otherwise provided in Article IV and Article XII, no Member shall demand or receive a return on or of its Capital Contributions or withdraw from the Company without the consent of both the Manager and the Special Purpose Manager. Except as otherwise provided in the Act or this Agreement, upon resignation, any resigning Member is entitled to receive only the distribution to which he is entitled under this Agreement, which shall be equal to the fair value of its Interest in the Company as of the date of resignation.
Withdrawal; Resignation. Except as otherwise provided in Sections II, IV and XI hereof, no Member shall demand or receive a return on or of its Invested Capital (if any) or withdraw from the Company without the consent of the Manager. Under circumstances requiring a return of any Invested Capital, no Member has the right to receive Property other than cash except as may be specifically provided herein.
Withdrawal; Resignation. Except as otherwise provided in Sections 4 and 12 hereof, no Member shall demand or receive a return on or of its Capital Contributions or withdraw from the Joint Sales Company without the consent of all Members. Except as otherwise provided in the Act or this Agreement, upon resignation, any resigning Member is entitled to receive only the distribution to which it is entitled under this Agreement, and if no specific provision of this Agreement calls for a distribution or payment upon such resignation, then no payment or distribution shall be due or owing. Under circumstances requiring a return of any Capital Contributions, no Member has the right to receive Property other than cash except as may be specifically provided herein.
Withdrawal; Resignation. 19 ARTICLE 8
Withdrawal; Resignation. A Limited Partner shall not cease to be a Limited Partner as a result of the Bankruptcy of such Limited Partner. So long as a Limited Partner continues to own or hold any Interests, such Limited Partner shall not have the ability to resign as a Limited Partner prior to the dissolution and winding up of the Partnership and any such resignation or attempted resignation by a Limited Partner prior to the dissolution or winding up of the Partnership shall be null and void. As soon as any Person who is a Limited Partner ceases to own or hold any Interests, such Person shall no longer be a Limited Partner.
Withdrawal; Resignation. A Partner shall not cease to be a Partner as a result of the Bankruptcy of such Partner or as result of any other events specified in Sec. 17-402 of RULPA. So long as a Partner continues to own or hold any Units, such Partner shall not have the ability to resign as a Partner prior to the dissolution and winding up of the Partnership and any such resignation or attempted resignation by a Partner prior to the dissolution or winding up of the Partnership shall be null and void. When any Person who is a Partner ceases to own or hold any Units, such Person shall no longer be a Partner.
Withdrawal; Resignation. A Member shall not cease to be a Member because of the bankruptcy of such Member. A Member continuing to own or hold any Units, shall not have the ability to resign as a Member and may only cease to be a Member pursuant to the dissolution and winding up of the Company under Article XI, or the Transfer of the Member’s Units pursuant to Article X, and any such resignation or attempted resignation by a Member prior to the dissolution or winding up of the Company shall be null and void. As soon as any Person who is a Member ceases to own or hold any Units, such Person shall no longer be a Member.
