Common use of Withdrawals or Resignations Clause in Contracts

Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TNP Strategic Retail Trust, Inc.)

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Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the CompanyCompany and receive any assets until the dissolution of the Company or with respect to assets only, until the Board determines to make a distribution to the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Intrexon Corp)

Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the CompanyCompany prior to the dissolution and winding up of the Company and any such withdraw or resignation or attempted withdrawal or resignation by a Member prior to the dissolution or winding up of the Company shall be null and void.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the CompanyCompany and receive any assets until the dissolution of the Company or until the Board of Managers determines to make a distribution to the Members.

Appears in 1 contract

Samples: Adoption Agreement (Huntsman Advanced Materials (UK) LTD)

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Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the CompanyCompany and receive any assets until the dissolution of the Company or with respect to assets only, except as expressly set forth in the Agreement or until the Board determines to make a distribution to the Members.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Federated National Holding Co)

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