Withdrawing definition

Withdrawing or “Withdrawal” means the resignation of a Member from the Company as a Member. Such terms shall not include any Dispositions of Membership Interests (which are governed by Article IV), even though the Member making a Disposition may cease to be a Member as a result of such Disposition.

Withdrawing or "Withdrawal" (including the verb form "Withdraw" and the adjectival forms "Withdrawing" and "Withdrawn") shall mean, as to a General Partner, the occurrence of the death, adjudication of insanity or incompetence, Bankruptcy of such Partner, the withdrawal, removal or retirement from the Partnership of such Partner for any reason, including any sale, pledge, encumbering, assignment or other transfer of all or any part of its General Partner Interest and those situations when a General Partner may no longer continue as a General Partner by reason of any law or pursuant to any terms of this Agreement.

Withdrawing or "Withdrawal"................... 16 II. NAME .................................................... 17

Examples of Withdrawing in a sentence

• The Board of Directors will notify the Withdrawing Member whether it has made the determination required under clause (iii) of the preceding sentence within 90 days following receipt of the Withdrawal Notice.

• Upon a withdrawal pursuant to this Section 11.3, the Withdrawing Member shall be entitled to receive an aggregate amount equal to the positive balance in its Capital Account, if any; less the cost associated with descaling the Company’s business and other exit costs incurred in connection with such withdrawal, as determined by the Board of Directors, in good faith.

• Upon delivery of the Withdrawal Notice to the Board of Directors by such Withdrawing Member, all rights and benefits attributable to the Membership Interest held by such Withdrawing Member will be suspended unless and until such Withdrawing Member delivers a written notice to the Board of Directors that it no longer desires to withdraw from the Company.

More Definitions of Withdrawing

Withdrawing and “Withdrawal” means the withdrawal, resignation or retirement of a Member from the Company as a Member.

Withdrawing or "Withdrawal"...........................14 ARTICLE II NAME...............................................................15

Withdrawing or “Withdrawal” means the disassociation of a Partner from the Partnership as a partner. Such terms shall not include any Dispositions of a Partnership Interest (which are governed by Sections 3.3(a) and (b)), even though the Partner making a Disposition may cease to be a Partner as a result of the Disposition.

Withdrawing and “Withdrawn” shall mean, with respect to any Member, (i) such Member’s Bankruptcy, (ii) the Transfer by such Member of all of such Member’s Units pursuant to, and in accordance with, the provisions of Article VI hereof, (iii) if such Member is an individual, (1) such Member’s death or (2) the determination by a court of competent jurisdiction that such Member is incompetent, (iv) if such Member is a trust, the termination of the trust (but not merely the substitution of a new trustee), or (v) if such Member is a corporation, general partnership, limited partnership, limited liability company or other entity, the dissolution and commencement of windup of such Member.

Withdrawing means, with respect to a Member, such member’s withdrawal from the Company as contemplated in Section 3.25.

Withdrawing and “Withdrawal”, means the withdrawal, resignation or retirement of a Partner from the Partnership as a partner. Such terms shall not include any Transfer of GP Units in accordance with the terms of this Agreement, even though the Partner making such a Transfer may cease to be a Partner as a result of such Transfer.

Withdrawing. A Member may not withdraw from the Company.