Restrictions on Withdrawal Sample Clauses

Restrictions on Withdrawal. Your employees may not withdraw or transfer from their SEP-▇▇▇ any SEP contributions (or income on these contributions) attributable to elective deferrals made during a particular plan year until 2 1/2 months after the end of that plan year. If you choose to do so before this 2 1/2 month period has expired, however, you may notify your employees when the deferral percentage limitation test has been completed for a particular plan year and that this withdrawal restriction is thus no longer applicable. In general, any transfer or distribution made before expiration of the applicable 2 1/2 month period (or notification, if sooner) will be includible in the employee's gross income and may also be subject to a ten percent penalty tax for early withdrawal. This restriction does not apply to an employee's excess elective deferrals.

Restrictions on Withdrawal. Despite any term to the contrary in relation to any deposit or credit balance at any time on any account of the Borrower with the Agent or with any of the Banks, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower during the Facility Period except in accordance with the Security Documents, but the Agent or any Bank may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this Clause.

Restrictions on Withdrawal. Despite any term to the contrary in relation to any deposit or credit balance at any time on any account of the Borrower with any of the Lender Finance Parties, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower in question after an Event of Default has occurred and while such Event of Default is continuing unremedied or unwaived, but any Lender Finance Party may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this clause. Provided always that this clause 11.3 shall not apply to the Distribution Account or any credit balance therein.

Restrictions on Withdrawal. Subject to the Put Right of the Preferred Members, no Member shall have the right to withdraw from the Company as a Member or to terminate its or his Membership Interest.

Restrictions on Withdrawal. Despite any term to the contrary in relation to any deposit or credit balance at any time on any account of the Borrower or the Guarantor (as the case may be) with any of the Finance Parties, no such deposit or balance shall be repayable or capable of being assigned, mortgaged, charged or otherwise disposed of or dealt with by the Borrower or the Guarantor (as the case may be) after an Event of Default has occurred and while such Event of Default is continuing, but any Finance Party may from time to time permit the withdrawal of all or any part of any such deposit or balance without affecting the continued application of this Clause.

Restrictions on Withdrawal. Except as otherwise expressly permitted in this Agreement, without the consent of the Manager, which may be withheld in its absolute discretion, a Member does not have the right to withdraw from the Company as a Member or terminate his or its Membership Interest.

Restrictions on Withdrawal. Notwithstanding anything to the contrary contained herein or under the Act, except as set forth in Section 16.2, no Partners shall have the right to resign from the Partnership.

Restrictions on Withdrawal. Prizing is to be in FanDuel DFS credit and therefore, must be used for play on DFS and cannot be withdrawn from a user’s DFS account or used on the FanDuel Sportsbook platform.

Restrictions on Withdrawal. Neither Southern Highlands nor Stuhmer shall have any right to retire or withdraw voluntarily from ▇▇▇ ▇▇▇pany or to sell, transfer, pledge or assign all or any part of their Interest in the Company or to voluntarily commit an act that constitutes an event of withdrawal under the Act (except a limited transfer permitted by Section 4.1 hereof). Any voluntary act that constitutes an event of withdrawal from the Company shall constitute a material breach of this Agreement and the Company shall be entitled to collect damages for such breach. Such damages shall include (without limitation) any loss or expense suffered by the Company as a consequence of such event of withdrawal. Such damages shall offset any cash or other property otherwise distributable to the wrongfully withdrawing Member. A withdrawal from the Company by a Member, whether voluntary or involuntary, shall not accelerate the time within which the Company shall be required to make any distribution to such Member or pay any Fees to the Manager. If a Member exercises any power to withdraw from the Company in breach of this Agreement, they expressly waive any right to require under the Act or other applicable law a distribution from the Company before the Company's completion of the sale of all of the Lots and Residences in the Project at the end of the stated term of the Company and such Member further waives any right to require that such deferred distribution be secured by a bond or be payable with interest. These express waivers are given in recognition of the Company's need to retain its capital for its stated term and in further recognition that the Company was formed by Southern Highlands in reliance upon the expertise, experience and financial standing of Stuhmer and the Manager. In the absence of such waivers, Southern Highlands and Stuhmer would not have entered into this Agreement.