Common use of Withdrawals or Transfers Clause in Contracts

Withdrawals or Transfers. The Member shall not be entitled to withdraw from the Company without the consent of the Board or as otherwise provided in this Agreement. In the event of the Member’s withdrawal from the Company or transfer of all of its limited liability company interest in the Company, the Member shall, pursuant to the terms of this Agreement, cause a successor Member to be admitted to the Company as a member of the Company effective immediately prior to the time of the withdrawal or transfer upon such Person’s execution of a counterpart signature page to this Agreement, and, where such successor Member is not an Affiliate, shall be subject to the conditions set forth in Section 6.04. The Company shall notify the Ratings Agencies of any transfer of limited liability company interests in the Company or withdrawal of the Member. The Member's withdrawal or transfer shall become effective immediately following the admission of a successor Member.

Withdrawals or Transfers. The Member shall not be entitled to withdraw from the Company without the consent of the Board or as otherwise provided in this Agreement. In the event of the Member’s withdrawal from the Company or transfer of all of its limited liability company interest in the Company, the Member shall, pursuant to the terms of this Agreement, cause a successor Member to be admitted to the Company as a member of the Company effective immediately prior to the time of the withdrawal or transfer upon such Person’s execution of a counterpart signature page to this Agreement, and, where such successor Member is not an Affiliate, shall be subject to the conditions set forth in Section 6.04. The Company shall notify the Ratings Agencies of any transfer of limited liability company interests in the Company or withdrawal of the Member. The Member's ’s withdrawal or transfer shall become effective immediately following the admission of a successor Member.

Withdrawals or Transfers. The Member shall not be entitled to withdraw from the Company without the consent of the Board or as otherwise provided in this Agreement. In the event of the Member’s 's withdrawal from the Company or transfer of all of its limited liability company interest in the Company, the Member shall, pursuant to the terms of this Agreement, cause a successor Member to be admitted to the Company as a member of the Company effective immediately prior to the time of the withdrawal or transfer upon such Person’s 's execution of a counterpart signature page to this Agreement, and, where such successor Member is not an Affiliate, shall be subject to the conditions set forth in Section 6.04. The Company shall notify the Ratings Agencies of any transfer of limited liability company interests in the Company or withdrawal of the Member. The Member's withdrawal or transfer shall become effective immediately following the admission of a successor Member.