Withdrawing Member definition

Withdrawing Member has the meaning set forth in Section 9.2(d).

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Withdrawing Member has the meaning set forth in Section 15.1.J(3)(c) hereof.

Withdrawing Member has the meaning ascribed thereto in Section 3.2.1(b).

Examples of Withdrawing Member in a sentence

The Board of Directors may, in its sole discretion, direct the Officers of the Company to use reasonable efforts to assist a Withdrawing Member in connection with the transition to a new information technology system (if applicable), provided that the Company shall not be required to incur any out-of-pocket expenses unless reimbursed by the Withdrawing Member or to devote significant man-hours unless approved by the Board of Directors.
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.

Withdrawing Member shall have the meaning given in Section 13.2.

Withdrawing Member shall have the meaning set forth in Section 8.5(a) hereof.

Withdrawing Member means a Member that has given notice of its intent to withdraw from the Agreement pursuant to Section 11.1.

Withdrawing Member shall have the meaning set forth in Section 4.1(e).

Withdrawing Member. As defined in Section 11.2.

Withdrawing Member is defined in Section 9.9(b) hereof.

Withdrawing Member shall be a Member that requests the return of their Capital Account from the Company in writing.