Common use of Certain Activities of USPB Prohibited Clause in Contracts

Certain Activities of USPB Prohibited. Commencing on the Effective Date and continuing for so long as USPB and its Affiliates own or Control any Class B Units of the Company, USPB and its Affiliates shall not, directly or indirectly, singularly or in the aggregate, own or Control more than five percent (5.0%) of the Ownership Interests of, or otherwise run, manage, operate, direct or Control, any Competing Business or any Competing Facility.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (National Beef Packing Co LLC), Limited Liability Company Agreement (National Beef Packing Co LLC), Limited Liability Company Agreement (Nb Finance Corp)

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Certain Activities of USPB Prohibited. Commencing on the Effective Date and continuing for For so long as USPB and its Affiliates own or Control any Class B Units of the Company, USPB and its Affiliates shall not, directly or indirectly, singularly or in the aggregate, own or Control more than five percent (5.0%) of the Ownership Interests of, or otherwise run, manage, operate, direct or Control, any Competing Business or any Competing Facility.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (National Beef, Inc.), Limited Liability Company Agreement (National Beef, Inc.)

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Certain Activities of USPB Prohibited. Commencing on the Effective Date and continuing for For so long as USPB and or its Affiliates own or Control any Class B Units of the Company, USPB and its Affiliates shall not, directly or indirectly, singularly or in the aggregate, own or Control more than five percent (5.0%) of the Ownership Interests of, or otherwise run, manage, operate, direct or Control, any Competing Business or any Competing Facility.

Appears in 1 contract

Samples: Limited Liability Company Agreement (National Beef, Inc.)

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