Common use of BACKGROUND STATEMENTS Clause in Contracts

BACKGROUND STATEMENTS. Owner and the Manager (as a Member of Owner) have entered into certain agreements, of even date herewith, which will provide for sufficient capital to construct and thereafter operate a 40 million gallon per year dry mill ethanol plant on property owned by Owner (the "Facility"). Owner desires to contract with Manager for operating and management services for the Facility. Manager desires to provide these services having provided similar services in the construction and operation of such facilities in the past. This Agreement sets forth the responsibilities of the parties with respect to the Facility and its operation and management. Statement of Agreement