Subject to Operating Agreement Clause Samples
The 'Subject to Operating Agreement' clause establishes that the terms and provisions of the operating agreement take precedence over other agreements or understandings between the parties. In practice, this means that if there is any conflict or inconsistency between the operating agreement and other documents, the operating agreement will govern. This clause ensures clarity and consistency by designating the operating agreement as the controlling document, thereby reducing the risk of disputes over which terms apply.
Subject to Operating Agreement. The Interest subscribed for herein shall at all times be subject to the terms of the Operating Agreement.
Subject to Operating Agreement. The Units subscribed for herein shall at all times be subject to the terms of the Operating Agreement.
Subject to Operating Agreement. The SGB Interest shall be held by CGI in accordance with and subject to the provisions of the Operating Agreement.
Subject to Operating Agreement. If required by the Operating Agreement, this Agreement shall not be effective until the State has consented. This Agreement shall be subject to the terms and conditions of the Operating Agreement. In the event that any term or condition of this Agreement conflicts with the Operating Agreement, the Operating Agreement shall prevail. In the event that the Operating Agreement require the prior approval or consent of the State, the County 's approval shall be subject to the prior appropriate approval of the State. In the event that the Operating Agreement expires or is not renewed, the County shall have the right to terminate this Agreement upon providing 30 days' written notice to CSUN. Such termination shall be effective as of the date specified in the notice, and the County shall not be liable for any damages or costs incurred by CSUN as a result of the termination.
Subject to Operating Agreement. 6.01. B▇▇▇▇ specifically agrees and understands that the purchase of the interests herein (and any future sale, transfer and/or pledge thereof) is subject to the terms of the Operating Agreement of the Company attached hereto as Exhibit “D”.
6.02. Sellers certify that they are the owners of all the interests in the Company and the sale hereby to Buyer is in compliance with or has satisfied all terms and conditions of such sale under the Operating Agreement.