Common use of Withdrawals or Resignations Clause in Contracts

Withdrawals or Resignations. No Member may withdraw or resign from the Company at any time. Notwithstanding the foregoing, or in the event this Section 4.3 is deemed invalid, or in the event of any such withdrawal, such Member’s Membership Interest shall also be subject to purchase and sale as provided in Section 8.2.

Appears in 2 contracts

Samples: Operating Agreement (Atwood Minerals & Mining CORP.), Operating Agreement (Atwood Minerals & Mining CORP.)

AutoNDA by SimpleDocs

Withdrawals or Resignations. No Member may withdraw or resign from the Company at Company, unless approved by a majority of the Managers. If any time. Notwithstanding the foregoingMember withdraws or resigns, whether in accordance herewith or in the event violation of this Section 4.3 is deemed invalid, or in the event of any such withdrawalAgreement, such Member’s Membership Interest shall also immediately and without further action be subject terminated pursuant to purchase and sale as provided in Section 8.25.4.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solar Power, Inc.)

AutoNDA by SimpleDocs

Withdrawals or Resignations. No Member may withdraw or resign from the Company at any time. Notwithstanding the foregoing, or in the event this Section 4.3 is deemed invalid, or in the event of any such withdrawal, such Member’s 's Membership Interest shall also be subject to purchase and sale as provided in Section 8.2.

Appears in 1 contract

Samples: Operating Agreement (Global Resource CORP)

Time is Money Join Law Insider Premium to draft better contracts faster.