Withdrawal Upon Request Sample Clauses
The 'Withdrawal Upon Request' clause allows a party to remove themselves or their participation from an agreement or process simply by making a formal request. In practice, this means that if a party no longer wishes to be involved, they can notify the other parties or the relevant authority, often in writing, to initiate their withdrawal. This clause provides a clear and straightforward mechanism for parties to exit arrangements, ensuring flexibility and reducing the risk of disputes over continued participation.
Withdrawal Upon Request. The Managing Partner or any number of General Partners holding in the aggregate a majority of the General Partner Percentages, may request in writing that any Partner withdraw from the Partnership (a "Mandatory Withdrawal Notice"), and each Partner agrees that he will so withdraw within 30 days of the receipt of such request.
Withdrawal Upon Request. The Managing Partner or any number of General Partners holding in the aggregate a majority of the General Partner Percentages may cause the withdrawal of any Partner from the Partnership. Such withdrawal decision is to be communicated to the Partner (the “Mandatory Withdrawal Notice”) and in a reasonable time thereafter the Partnership shall inform the Partner in writing of the total amount of Capital Contribution (Limited Partner or Subordinated Limited Partner) and/or General Partner’s Adjusted Capital Contribution withdrawn from the Partnership (the “Mandatory Withdrawal Amount”).
Withdrawal Upon Request. 18 6.3 Return of Capital and Purchase of Interest................18 6.4 Death of a Limited........................................20 6.5 Death or Disability of a General Partner..................20 6.6 General Partner Interest - 56th Birthday..................21 6.7 Restriction on Capital Contribution Return.............
Withdrawal Upon Request. To request a withdrawal of ICA credits available for withdrawal, a Member must notify the Company in writing of such request at least 90 days prior to the date the Member wishes to obtain payment. The notice must state the amount to be withdrawn and the desired withdrawal date. If a Member has given proper notice as required in this Section 4.1(b)(1), then such Member shall be paid by the Company on the date requested in the notice.
Withdrawal Upon Request. 16 6.3 Return of Capital and Purchase of Interest.................16 6.4