Not Binding Until Entered in Company Books. A Transfer of Units is not binding on the Company without the approval of the Board and not until the Transfer is entered in the books and records of the Company.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement (U. S. Premium Beef, LLC)
Not Binding Until Entered in Company Books. A Transfer of Units is not binding on the Company without the approval of the Board and not until direction by the Board to enter the Transfer is entered in the books and records of the CompanyUnit Holder Register.
Appears in 5 contracts
Samples: Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC), Operating Agreement (Nedak Ethanol, LLC)
Not Binding Until Entered in Company Books. A Transfer of Units (other than Transfers of Units to an Affiliate of an existing Member, which shall be automatically deemed approved by the Directors and recognized by the Company) is not binding on the Company without the approval of the Board Directors and not until direction by the Directors to enter the Transfer is entered in the books and records of the Company.
Appears in 5 contracts
Samples: Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC), Operating Agreement (Southwest Iowa Renewable Energy, LLC)
Not Binding Until Entered in Company Books. A Transfer of Units is not binding on the Company without the approval of the Board and not until direction by the Board to enter the Transfer is entered in the books and records of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Illini Bio-Energy, LLC), Limited Liability Company Agreement (Illini Bio-Energy, LLC)
