Common use of Restrictions on Withdrawal Clause in Contracts

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.

Appears in 1 contract

Sources: Operating Agreement (George Foreman Enterprises Inc)

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

Appears in 1 contract

Sources: Operating Agreement (Asta Funding Inc)

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. SECTION 9.

Appears in 1 contract

Sources: Operating Agreement