Common use of Withdrawals or Resignations Clause in Contracts

Withdrawals or Resignations. Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon 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. Such Member’s Membership Interest shall be subject to purchase and sale as provided in Section 8.2. No other Member may withdraw or resign from the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Withdrawals or Resignations. 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 120 days 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. Such Member’s 's Membership Interest shall be subject to purchase and sale as provided in Section 8.28.2 of this Agreement. No other Member 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. Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member from --------------------------- the Company at any time upon 120 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. Such Member’s 's Membership Interest shall be subject to purchase and sale as provided in Section 8.2. No other Member may withdraw or resign from the Company.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Withdrawals or Resignations. Any Member who is under an obligation to --------------------------- render services to the Company may withdraw or resign as a Member at any time upon 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. Such In the event of such withdrawal, such Member’s 's Membership Interest shall 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 8.27.2. No other Member may withdraw withdraw, retire or resign from the Company.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

Withdrawals or Resignations. Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon 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. Such In the event of such withdrawal, such Member’s 's Membership Interest shall be subject to purchase and sale terminated, such Member shall thereafter only have the rights of a transferee as provided in Section 8.2. No other Member may withdraw or resign from the Company.described in

Appears in 1 contract

Samples: Operating Agreement (Vans Inc)

Withdrawals or Resignations. Any Either Member who is under an obligation to render services to may withdraw from the Company may withdraw or resign as a Member at for any time reason upon 120 days ninety (90) days' prior written notice to the other Member. Transactions with the Company, without prejudice . Subject to any limitations set forth in this Agreement and with the rights, if any, prior approval of the Company or Managers after disclosure of the other Members under any contract to which the withdrawing Member is Member's involvement, a party. Such Member’s Membership Interest shall be subject to purchase and sale as provided in Section 8.2. No other Member may withdraw or resign from lend money to and transact other business with the Company. Subject to other applicable law, such Member has the same rights and obligations with respect thereto as a person who is not a Member.

Appears in 1 contract

Samples: Operating Agreement

Withdrawals or Resignations. Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon 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. Such In the event of such withdrawal, such Member’s 's Membership Interest shall 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 8.27.2. No other Member may withdraw withdraw, retire or resign from the Company.

Appears in 1 contract

Samples: Operating Agreement

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Withdrawals or Resignations. Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon 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. Such The resigning or withdrawing Member and the Company shall negotiate in good faith to arrange for the repurchase of the Economic Interest of the resigning or withdrawing Member’s Membership Interest shall be subject to purchase and sale as provided in Section 8.2. No other Member may withdraw or resign from the Company.

Appears in 1 contract

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

Withdrawals or Resignations. Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon 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. Such In the event of such withdrawal, such Member’s Membership Interest interest shall be subject to purchase and sale as provided in Section 8.2. No other Member may withdraw or resign from the Companysale.

Appears in 1 contract

Samples: Operating Agreement

Withdrawals or Resignations. Any Member who is under an obligation to render services to the Company may withdraw or resign as a Member at any time upon 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. Such In the event of such withdrawal, such Member’s 's Membership Interest shall 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 8.27.2. No other Member may withdraw withdraw, retire or resign from the Company.

Appears in 1 contract

Samples: Operating Agreement (CPC of America Inc)

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