Common use of Rights and Obligations of Unitholders Clause in Contracts

Rights and Obligations of Unitholders. The respective rights and obligations of the Unitholders will be determined pursuant to the Act and this Agreement. To the extent that any right or obligation of any Unitholder is different by reason of any provision of this Agreement than it would be in the absence of that provision, this Agreement, to the extent permitted by the Act, will control.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (U. S. Premium Beef, LLC), Limited Liability Company Agreement, Limited Liability Company Agreement (U. S. Premium Beef, LLC)

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Rights and Obligations of Unitholders. The respective rights and obligations of the Unitholders will be determined pursuant to this Agreement, except where the Act and controls over the provisions in this Agreement. To the extent that any right or obligation of any Unitholder is different by reason of any provision of this Agreement than it would be in the absence of that provision, this Agreement, to the extent permitted by the Act, will control.

Appears in 1 contract

Samples: Operating Agreement (Millennium Ethanol, LLC)

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Rights and Obligations of Unitholders. The respective rights and obligations of the Unitholders will be determined pursuant to the Act and this Agreement. To the extent that any right or obligation of any Unitholder is different by reason of any provision C-4 of this Agreement than it would be in the absence of that provision, this Agreement, to the extent permitted by the Act, will control.

Appears in 1 contract

Samples: Operating Agreement (Bootheel Agri-Energy LLC)

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