Declaration of Distributions. The Board of Governors shall have the authority to declare distributions upon the membership interests of the Company to the extent permitted by law.
Appears in 6 contracts
Samples: Operating Agreement, Operating Agreement (Red Trail Energy, LLC), Operating Agreement (Red Trail Energy, LLC)
Declaration of Distributions. The Board of Governors Managers shall have the authority to declare distributions upon the membership interests of the Company to the extent permitted by law.
Appears in 2 contracts
Samples: Operating Agreement (Land O Lakes Inc), Operating Agreement (Land O Lakes Inc)
Declaration of Distributions. The Board of Governors shall have the authority to declare distributions upon the membership interests units of the Company to the extent permitted by law.
Appears in 2 contracts
Samples: Operating Agreement (Agassiz Energy, LLC), Operating Agreement (Agassiz Energy, LLC)
Declaration of Distributions. The Except as provided in a Member Control Agreement, the Board of Governors shall have the authority to declare distributions upon the membership interests Membership Interests of the Company to the extent permitted by law.
Appears in 1 contract
Declaration of Distributions. The Board of Governors shall have the authority to declare distributions upon the membership interests of interest in the Company held by the Member, to the extent permitted by lawlaw and subject to any limitations or restrictions imposed by contract.
Appears in 1 contract
Samples: Operating Agreement
Declaration of Distributions. The Board of Governors shall have the authority to declare distributions upon the membership interests of the Company to the extent permitted by law.. SECTION FIVE
Appears in 1 contract
Samples: Operating and Member Control Agreement (Land O Lakes Inc)
Declaration of Distributions. The Board of Governors shall have the authority to declare distributions upon the membership interests Membership Interests of the Company to the extent permitted by law.
Appears in 1 contract
Declaration of Distributions. The Board of Governors shall have the authority to declare distributions upon the membership interests of the Company to the extent permitted by lawlaw and subject to the provisions of any applicable member control agreement.
Appears in 1 contract
