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Common use of STATUS AFTER WITHDRAWAL Clause in Contracts

STATUS AFTER WITHDRAWAL. Except to the extent provided in Section 2.08 or Section 7.02, each Member upon redemption of the last of such Member’s Units shall cease to have any rights under this Agreement.

Appears in 2 contracts

Sources: Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC), Limited Liability Company Operating Agreement (Man FRM Managed Futures Strategies LLC)

Related Clauses

  • Involuntary Withdrawal
  • Voluntary Withdrawal
  • Right to Resell after withdrawal
  • Termination and Withdrawal
  • Permissible Withdrawals

Parent Clauses

  • Withdrawal of the Sponsor and Investors
  • Distributions to and Withdrawals by Members
  • ACCOUNTING PRACTICES
  • REMOVAL OF THE SPONSOR
  • Withdrawal of the Manager and Investors

Sub-Clauses

  • SERVICE PROVIDERS; INVESTMENTS; ACCOUNTS
  • ACTIVITIES OF THE SPONSOR PARTIES
  • AUTHORITY OF THE SPONSOR
  • ACTIVITIES OF THE MANAGER PARTIES
  • AUTHORITY OF THE MANAGER
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