Transfer of Entire Interest. If a Member has transferred all its Membership Interests to one or more Assignees in accordance with the terms of this Agreement, then such Member shall be deemed to have withdrawn from the Company (without any additional action required to be taken by such Member) when all of such Assignees have been admitted as Members in accordance with Section 10.3 hereof.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Commonwealth Energy Corp), Limited Liability Company Agreement (Commonwealth Energy Corp)