Record Owner. Notwithstanding the foregoing, the Company and the Manager shall be entitled to treat the record owner of any Units or other interest in the Company as the absolute owner thereof and shall incur no liability for Distributions of cash or other property made in good faith to such owner until such time as a written assignment of such Units or other interest in the Company, which assignment is permitted pursuant to the terms and conditions of this Article X, has been received and accepted by the Manager and recorded on the books of the Company.
Appears in 10 contracts
Samples: Operating Agreement (Stack Rock Capital, L.L.C.), Operating Agreement (Boise White Paper Sales Corp.), Limited Liability Company Agreement (Boise White Paper Sales Corp.)
Record Owner. Notwithstanding the foregoing, the Company and the Manager Board shall be entitled to treat the record owner of any Units or other interest in the Company as the absolute owner thereof and shall incur no liability for Distributions of cash or other property made in good faith to such owner until such time as a written assignment of such Units or other interest in the Company, which assignment is permitted pursuant to the terms and conditions of this Article X, has been received and accepted by the Manager Board and recorded on the books of the Company.
Appears in 8 contracts
Samples: www.sec.gov, Operating Agreement (Officemax Inc), Operating Agreement (Officemax Inc)
Record Owner. Notwithstanding the foregoing, the Company and the Manager shall be entitled to treat the record owner of any Units or other interest in the Company as the absolute owner thereof and shall incur no liability for Distributions of cash or other property made in good faith to such owner until such time as a written assignment of such Units or other interest in the Company, which assignment is permitted pursuant to the terms and conditions of this Article X, has been received and accepted by the Manager and recorded on the books of the Company.. KL2-#2545914-v2-Boise_Paper_Holdings_L_L_C_
Appears in 1 contract
Samples: Limited Liability Company Agreement (Boise White Paper Sales Corp.)
Record Owner. Notwithstanding the foregoing, the Company and the Manager Managers shall be entitled to treat the record owner of any Units or other interest in the Company as the absolute owner thereof and shall incur no liability for Distributions of cash or other property made in good faith to such owner until such time as a written assignment of such Units or other interest in the Company, which assignment is permitted pursuant to the terms and conditions of this Article X, has been received and accepted by the Manager Managers and recorded on the books of the Company.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (US Power Generating CO)
Record Owner. Notwithstanding the foregoing, the Company and the Manager shall be entitled to treat the record owner of any Units or other interest in the Company as the absolute owner thereof and shall incur no liability for Distributions of cash or other property made in good faith to such owner until such time as a written assignment of such Units or other interest in the Company, which assignment is permitted pursuant to the terms and conditions of this Article X12, has been received and accepted consented to by the Manager and recorded on the books of the Company.
Appears in 1 contract
