Common use of Withdrawal Upon Transfer Clause in Contracts

Withdrawal Upon Transfer. If a Member has Transferred all of its Membership Interests in one or more Transfers, then such Member shall withdraw from the Company on the date upon which each assignee of such Membership Interests has been admitted as a Substitute Member in accordance with Section 9.3 hereof, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.

Withdrawal Upon Transfer. If a Member has Transferred all of its Membership Interests Units in one or more Transfers, Permitted Transfers then such Member shall withdraw from the Company on the date upon which each assignee Assignee of such Membership Interests Units has been admitted as a Substitute Member in accordance with Section 9.3 hereof, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.

Withdrawal Upon Transfer. If a Member has Transferred all of its Membership Interests Units in one or more Permitted Transfers, then such Member shall withdraw from the Company on the date upon which each assignee Assignee of such Membership Interests Units has been admitted as a Substitute Member in accordance with Section 9.3 hereof, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.. (b)

Withdrawal Upon Transfer. If a Member has Transferred transferred all of its Membership Interests Units in one or more TransfersTransfers permitted hereunder, then such Member shall withdraw be deemed to have withdrawn from the Company on as of the date upon which each assignee the Permitted Transferee of the last of such Membership Interests Units has been admitted as a Substitute Member in accordance with Section 9.3 hereofthis Article IX, and such withdrawing Member shall no longer be entitled to exercise any rights or powers of a Member under this LLC Agreement.

Withdrawal Upon Transfer. If a Member has Transferred all of its Membership Interests ------------------------ Units in one or more Permitted Transfers, then such Member shall withdraw from the Company on the date upon which each assignee Assignee of such Membership Interests Units has been admitted as a Substitute Member in accordance with Section 9.3 hereof, and such Member shall no longer be entitled to exercise any rights or powers of a Member under this Agreement.