Resignation of a Managing Member. A Managing Member shall only be entitled to resign upon assignment of the entirety of its Interest to a single Person in compliance with Section 10.04 and Section 10.05.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement (Northstar Capital Investment Corp /Md/), Limited Liability Company Operating Agreement (Northstar Capital Investment Corp /Md/)
Resignation of a Managing Member. A Managing Member shall only be entitled to resign upon assignment of the entirety all of its Interest Common Units to a single Person in compliance with Section 10.04 and Section 10.05.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Zell Samuel), Limited Liability Company Agreement (Zell Samuel)