Common use of Withdrawals or Resignations Clause in Contracts

Withdrawals or Resignations. 4.2.1 Any Member may withdraw or resign as a Member at any time upon one hundred twenty (120) days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Member's Membership Interest shall terminate pursuant to Section 4.3 other than as set forth herein.

Appears in 2 contracts

Samples: Operating Agreement (Franchise Mortgage Acceptance Co), Operating Agreement (Auto Marketing Network Inc)

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Withdrawals or Resignations. 4.2.1 Any Member who is under an obligation to render services to the Company may voluntarily withdraw or resign as a Member at any time upon one hundred twenty (120) days days' prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Such Member's Membership Interest shall terminate pursuant be subject to purchase and sale as provided in Section 4.3 8.2 of this Agreement. No other than as set forth hereinMember may withdraw or resign from the Company.

Appears in 2 contracts

Samples: Operating Agreement (Titan Corp), Operating Agreement (L-3 Communications InfraredVision Technology CORP)

Withdrawals or Resignations. 4.2.1 Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon one hundred twenty (120) 120 days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In The resigning or withdrawing Member and the event Company shall negotiate in good faith to arrange for the repurchase of such withdrawal, such the Economic Interest of the resigning or withdrawing Member's Membership Interest shall terminate pursuant to Section 4.3 other than as set forth herein.

Appears in 1 contract

Samples: Operating Agreement (ARAMARK FHC Kansas, Inc.)

Withdrawals or Resignations. 4.2.1 Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon one hundred twenty (120) 120 days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Such Member's ’s Membership Interest shall terminate pursuant be subject to purchase and sale as provided in Section 4.3 8.2. No other than as set forth hereinMember may withdraw or resign from the Company.

Appears in 1 contract

Samples: Index Operating Agreement

Withdrawals or Resignations. 4.2.1 Any Member may withdraw or resign as a Member at any time upon one hundred twenty sixty (12060) days days’ prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Member's Membership Interest shall terminate pursuant to Section 4.3 other than as set forth herein.

Appears in 1 contract

Samples: Operating Agreement

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Withdrawals or Resignations. 4.2.1 Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon one hundred twenty (120) 120 days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Member's Membership Interest ’s interest shall terminate pursuant be subject to Section 4.3 other than as set forth hereinpurchase and sale.

Appears in 1 contract

Samples: Operating Agreement

Withdrawals or Resignations. 4.2.1 Any Member may withdraw or resign as a Member at any time upon one hundred twenty (120) 90 days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Member's Membership Interest shall terminate pursuant to Section 4.3 other than be terminated, such Member shall thereafter only have the rights of a transferee as set forth herein.described in

Appears in 1 contract

Samples: Operating Agreement (Vans Inc)

Withdrawals or Resignations. 4.2.1 Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon one hundred twenty (120) 30 days prior written notice to the Company, without prejudice to the rights, if any, of the Company or the other Members under any contract to which the withdrawing Member is a party. In the event of such withdrawal, such Member's Membership Interest shall terminate pursuant be terminated, such Member shall thereafter only have the rights of a transferee as described in Section 6.3 and such Membership Interest shall be subject to purchase and sale as provided in Section 4.3 7.2. No other than as set forth hereinMember may withdraw, retire or resign from the Company.

Appears in 1 contract

Samples: Operating Agreement

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