Intent of this Agreement. (a) The parties to this Agreement have reached an understanding concerning various aspects of (i) their business relationship with each other and (ii) the organization and operation of the Company and its business. They wish to use rights created by statute to record and bind themselves to that understanding. (b) The parties intend for this Agreement to control, to the extent stated or fairly implied, the business and affairs of the Company, including the Company’s governance structure and the Company’s dissolution and winding up, as well as the relations among the Company’s Members.
Appears in 3 contracts
Samples: Operating Agreement (Husker Ag LLC), Operating Agreement (Husker Ag LLC), Operating Agreement (Husker Ag LLC)
Intent of this Agreement. (a) The parties to this Agreement have reached an understanding concerning various aspects of of
(i) their business relationship with each other and (ii) the organization and operation of the Company and its business. They wish to use rights created by statute to record and bind themselves to that understanding.
(b) The parties intend for this Agreement to control, to the extent stated or fairly implied, the business and affairs of the Company, including the Company’s governance structure and the Company’s dissolution and winding up, as well as the relations among the Company’s Members.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Intent of this Agreement. (a) The parties to this Agreement have reached an understanding concerning various aspects of (i) their business relationship with each other and (ii) the organization and operation of the Company and its business. They wish to use rights created by statute to record and bind themselves to that understanding.
(b) The parties intend for this Agreement to control, to the extent stated or fairly implied, the business and affairs of the Company, including the Company’s 's governance structure and the Company’s 's dissolution and winding up, as well as the relations among the Company’s 's Members.
Appears in 2 contracts
Samples: Operating Agreement (Nedak Ethanol, LLC), Operating and Member Control Agreement (Granite Falls Community Ethanol Plant LLC)
Intent of this Agreement. (a) The parties to this Agreement have reached an understanding concerning various aspects of of
(i) their business relationship with each other and (ii) the organization and operation of the Company and its business. They wish to use rights created by statute to record and bind themselves to that understanding.
(b) The parties intend for this Agreement to control, to the extent stated or fairly implied, the business and affairs of the Company, including the Company’s 's governance structure and the Company’s 's dissolution and winding up, as well as the relations among the Company’s 's Members.
Appears in 1 contract
Samples: Operating Agreement