Common use of Community Owned Clause in Contracts

Community Owned. The Cooperative will be owned by its Member MLPs in shares proportional to their financial commitment to the Cooperative, and they likewise will be responsible to meet their commitments to the Cooperative fully and in a timely manner.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Community Owned. The Cooperative will be owned by its Member MLPs in shares proportional to their financial commitment contribution to the Cooperativecommitment to the Cooperative, and they likewise will be responsible to meet their commitments to the Cooperative fully and in a timely manner.

Appears in 1 contract

Samples: Operating Agreement

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