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 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

AutoNDA by SimpleDocs

Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the Company prior to and receive any assets until the dissolution and winding up of the Company and any such withdraw or resignation or attempted withdrawal or resignation by with respect to assets only, until the Board determines to make a Member prior distribution to the dissolution or winding up of the Company shall be null and voidMembers.

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 Company prior to and receive any assets until the dissolution and winding up of the Company and any such withdraw or resignation or attempted withdrawal or resignation by until the Board of Managers determines to make a Member prior distribution to the dissolution or winding up of the Company shall be null and voidMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Huntsman Advanced Materials (UK) LTD)

AutoNDA by SimpleDocs

Withdrawals or Resignations. No Member shall have the right or power to voluntarily withdraw or resign as a Member from the Company prior to and receive any assets until the dissolution and winding up of the Company and any such withdraw or resignation with respect to assets only, except as expressly set forth in the Agreement or attempted withdrawal or resignation by until the Board determines to make a Member prior distribution to the dissolution or winding up of the Company shall be null and voidMembers.

Appears in 1 contract

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

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!