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.
Appears in 4 contracts
Samples: Admission of Substituted Member (Environtech Inc.), Admission of Substituted Member (Environtech Inc.), Admission of Substituted Member (Environtech Inc.)
