Common use of Restrictions on Withdrawal Clause in Contracts

Restrictions on Withdrawal. Except as otherwise expressly permitted in this Agreement, without the consent of Members holding at least a majority of the Membership Interests, a Member does not have the right to withdraw from the Company as a Member or terminate 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 Members holding at least a majority of the Membership InterestsManager, 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, her, 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 Membership InterestsManager, 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, her, his or its Membership Interest. SECTION 9.

Appears in 1 contract

Sources: Operating Agreement