Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent (49%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries and Affiliates.
Appears in 6 contracts
Samples: Operating Agreement (Central Iowa Energy, LLC), Operating Agreement (Western Dubuque Biodiesel, LLC), Operating Agreement (Iowa Renewable Energy, LLC)
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent forty percent (4940%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries Parties and Affiliates.
Appears in 4 contracts
Samples: Operating Agreement (Golden Grain Energy), Operating Agreement (Golden Grain Energy), Operating Agreement (Golden Grain Energy)
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent percent (49%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s 's Related Parties, Subsidiaries Parties and Affiliates.
Appears in 3 contracts
Samples: Operating Agreement, Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement (Homeland Energy Solutions LLC)
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent percent (49%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries and Affiliates.
Appears in 3 contracts
Samples: Operating Agreement (Lincolnway Energy, LLC), Operating Agreement (Western Iowa Energy, L.L.C.), Operating Agreement
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent percent (49%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries Parties and Affiliates.
Appears in 2 contracts
Samples: Operating Agreement (Homeland Energy Solutions LLC), Operating Agreement (Northwest Iowa Renewable Energy LLC)
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent forty percent (4940%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s 's Related Parties, Subsidiaries Parties and Affiliates.
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Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent percent (49%) of the issued and outstanding Units at any timetime following the Company’s 2006 seed capital offering. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries Parties and Affiliates.
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Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent thirty percent (4930%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s 's Related Parties, Subsidiaries Parties and Affiliates.
Appears in 1 contract
Samples: Operating Agreement (United Wisconsin Grain Producers LLC)
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent forty percent (4940%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s 's Related Parties, Subsidiaries and Affiliates.
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Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control at any time more than forty-nine per cent twenty percent (4920%) of the issued and outstanding Units at any timeoutstanding: (i) Class A Units; (ii) Class B Units; or (iii) Class C Units. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries Parties and Affiliates.
Appears in 1 contract
Samples: Operating Agreement
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent thirty percent (4930%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries Parties and Affiliates.
Appears in 1 contract
Samples: Operating Agreement (United Wisconsin Grain Producers LLC)
Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent thirty percent (4930%) of the issued and outstanding Units at any time. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries and Affiliates.
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Limitation on Ownership. Notwithstanding any other provision herein, no Member shall directly or indirectly own or control more than forty-nine per cent percent (49%) of the issued and outstanding Units at any timeUnits. Units under indirect ownership or control by a Member shall include Units owned or controlled by such Member’s Related Parties, Subsidiaries Parties and Affiliates.
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