Involuntary Withdrawal definition

Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the following events:

Involuntary Withdrawal means any Withdrawal of a General Partner caused by death, adjudication of insanity or incompetence, Bankruptcy, or the removal of a General Partner pursuant to Section 13.2 hereof.

Involuntary Withdrawal means, with respect to the Member, the bankruptcy, insolvency, liquidation or dissolution of the Member under applicable federal or state law.

Examples of Involuntary Withdrawal in a sentence

• In the event of an Involuntary Withdrawal, the withdrawing Partner’s ownership interest shall be valued and sold to the Partnership at a valuation that is to be estimated by a third (3rd) party firm specializing in such assessments.

• Immediately upon the occurrence of an Involuntary Withdrawal, the successor of the Withdrawn Member shall thereupon become an Interest Holder but shall not become a Member.

• The Assistant Dean of Students or designee will call a meeting of the University Crisis Team no earlier than five (5) business days after notifying the student of the proposed Involuntary Withdrawal.

• Immediately upon the occurrence of an Involuntary Withdrawal, the successor(s) of the Member so withdrawing shall thereupon become Economic Owner(s) but shall not become Member(s).

• Failure to disclose any potential conflicts of interest will be deemed an Involuntary Withdrawal by the offending Member and may be treated accordingly by the remaining Members.

More Definitions of Involuntary Withdrawal

Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the events set forth in Act Section 4A-606(3) through (9).

Involuntary Withdrawal. As to any (i) individual shall mean such individual's death, incapacity or adjudication of incompetence, (ii) corporation shall mean its dissolution or revocation of its charter (unless such revocation is promptly corrected upon notice thereof), (iii) partnership shall mean the dissolution and commencement of winding up of its affairs, (iv) trust shall mean the termination of the trust (but not the substitution of trustees), (v) estate shall mean the distribution by the fiduciary of the estate's complete interest in the Partnership and (vi) any Partner shall mean the Bankruptcy of such Partner.

Involuntary Withdrawal means any involuntary withdrawal caused by the death, adjudication of insanity.

Involuntary Withdrawal means, with respect to any Partner, the occurrence of any of the following events:

Involuntary Withdrawal means, with respect to any Member, the occurrence of any of the events set forth in Sections 1705.15(C) through (J) of the Act.

Involuntary Withdrawal. As to any (i) individual shall mean such individual’s death, incapacity or adjudication of incompetence, (ii) corporation shall mean its dissolution or revocation of its charter (unless such revocation is promptly corrected upon notice thereof), (iii) partnership shall mean the dissolution and commencement of winding up of its affairs, (iv) trust shall mean the termination of the trust (but not the substitution of trustees), (v) estate shall mean the distribution by the fiduciary of the estate’s complete interest in the Partnership and (vi) any Partner shall mean the Bankruptcy of such Partner. IRS: The Internal Revenue Service, which administers the internal revenue laws of the United States. LB Closing Date: January 31, 1997.

Involuntary Withdrawal means, with respect to any General Partner, the Withdrawal of such General Partner from the Partnership pursuant to Section 9.2 hereof.