Withdrawing Member Clause Samples
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Withdrawing Member. In the event a member gives notice to the Corporation of its intention to resign from being a member of the Corporation, that member shall have no obligation or liability hereunder from and after the effective date of that resignation and shall thereafter be deemed to not be a party to this Agreement.
Withdrawing Member. A Member who is a natural person who becomes incapacitated, as defined in Section 15.1(b), or has died, shall be referred to as the Withdrawing Member.
Withdrawing Member. The Withdrawing Member made a Capital Contribution of $100. Effective as of the date of this Agreement, the Withdrawing Member's Interest has been liquidated and the Company has reacquired the Withdrawing Member's Interest in the Company.
Withdrawing Member. Upon the direct Transfer of all of the Interests held by a Member, the Transferor Member will cease to be a Member and to have the rights and powers afforded to a Member under this Agreement, and the Transferor Member will be released from all obligations under this Agreement arising from such Person’s status as a Member except (a) those obligations that by their express terms survive the termination of a Person’s status as a Member as set forth in Section 12.05, (b) those obligations or liabilities of the Transferor Member arising out of a breach of this Agreement and (c) those obligations or liabilities of the Transferor Member based on events occurring, arising or maturing prior to the date of Transfer.
Withdrawing Member. CENTEX HOMES, a Nevada general partnership By: Centex Real Estate Corporation, a Nevada corporation, its managing general partner By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ (seal) ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ Executive Vice President REMAINING MEMBER: BEAZER HOMES CORP., a Tennessee corporation By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (SEAL) Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Title: Senior Vice President THIS SECOND AMENDMENT (this “Amendment”) to Limited Liability Company Operating Agreement of Dove Barrington Development LLC, a Delaware limited liability company (the “Company”), as amended by that certain First Amendment (the “First Amendment”) to Limited Liability Company Agreement of Dove Barrington Development LLC dated March 27, 2008 (as amended, the “Operating Agreement”), effective as of August 5, 2009, is entered into by Beazer Homes Corp., a Tennessee corporation (“Beazer”). Capitalized terms used but not otherwise defined herein shall have the respective meanings ascribed thereto in the Operating Agreement.
Withdrawing Member. Notwithstanding anything to the contrary in Section 6.10.3 of the Borrower Operating Agreement, any transfer of a Withdrawing Member's Membership Interest to a third party shall require Subordinated Lender's approval.
Withdrawing Member. 16 7.2 Capital Contribution of Investor Member....................16 7.3 Repurchase of Investor Member's Interest...................19 7.4 Capital Contribution of Special Member.....................19 7.5 Liability of Investor Member and Special Member............19 7.6