Member control agreement definition

Member control agreement means an instrument which controls the investment or governance of nonpatron members, which may be executed by the board and one or more nonpatron members and which may provide for their individual or collective rights to elect directors or to participate in the distribution or allocation of profits or losses.

Member control agreement means the Member Control Agreement of Polar Cactus LLC dated as of December 15, 2009.

Member control agreement means the Member Control Agreement of the Company by and among the Company and the members of the Company other than the Preferred Member.

Examples of Member control agreement in a sentence

• SEE ATTACHED MEMBER’S SIGNATURE PAGES INCORPORATED HEREIN I hereby acknowledge and consent to the terms of the Member Control Agreement.

• Seller and Buyer understand that the units may not be transferred without the approval of the Board of Governors of Heron Lake, and then only if the conditions set forth in Section 10 (as applicable) of the Heron Lake Member Control Agreement are met.

• Date: Individuals: Entities: Name of Individual Buyer (Please Print) Name of Entity (Please Print) Signature of Individual Buyer Print Name and Title of Officer Name of Joint Individual Buyer (Please Print) Signature of Officer Signature of Joint Individual Buyer APPROVAL OF TRANSFER BY HERON LAKE Pursuant to the Member Control Agreement of Heron Lake, the transfer of the units to Buyer as described in this Unit Agreement and Application Form is hereby approved, with said transfer to be effective on .

• Agreement" means this Member Control Agreement, as amended from time to time under Article 3.3.

• Any dispute or controversy arising out of or in connection with the Operating Agreement, this Member Control Agreement or the management of the Company thereof, shall be determined and settled by arbitration in Grand Forks, North Dakota in accordance with the rules of the American Arbitration Association for Commercial Business Disputes.

More Definitions of Member control agreement

Member control agreement means that certain Second Amended and Restated Member Control Agreement of Lifecore Biomedical, LLC, dated as of November 12, 2008, by and between the Operating Company and the Holding Company.

Member control agreement means the Member Control Agreement of Cool Willow LLC dated as of July 1, 2010.

Member control agreement means the Second Amended and Restated Member Control Agreement of Highwater, dated as of March 4, 2011, as amended from time to time.

Member control agreement means this Member Control Agreement (including all of its Exhibits and Schedules, if any), as amended from time to time.

Member control agreement means the Member Control Agreement dated November 15, 2011, by and between the Company and the members of the Company, as amended from time to time.

Member control agreement means the member control agreement adopted and entered into by the members of the Company as of September 23, 2004 pursuant to the provisions of the Minnesota Limited Liability Act set forth in Chapter 322B of Minnesota Statutes, as amended, modified, supplemented or restated from time to time.

Member control agreement means the Amended and Restated Member Control Agreement, dated February 27, 2014, among the Company and its Members, as amended from time to time.