Common use of Members; Rights and Powers Generally Clause in Contracts

Members; Rights and Powers Generally. (a) As of the Effective Date, the Members of the Company are the Persons who were members of the Company immediately prior to the Effective Date as shown on the books and records of the Company.

Appears in 4 contracts

Samples: Member Control Agreement (Granite Falls Energy, LLC), Member Control Agreement, Member Control Agreement (Heron Lake BioEnergy, LLC)

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Members; Rights and Powers Generally. (a) As of the Effective Date, the Members of the Company are the Persons who were members of the Company immediately prior to the Effective Date as shown on the books and records of the Company. The Board shall cause the books and records of the Company to be amended from time to time as Transfers occur or as additional Units are issued and additional Members are admitted to the Company in accordance with this Agreement.

Appears in 1 contract

Samples: Operating Agreement

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Members; Rights and Powers Generally. (a) As of the Effective Date, the Members of the Company are the Persons Persons, if any, who were members of the Company immediately prior to the Effective Date as shown on the books and records of the Company. The Board shall cause the books and records of the Company to be amended from time to time as Transfers occur or as additional Units are issued and additional Members are admitted to the Company in accordance with this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Tennessee Valley Agri-Energy, LLC)

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