Limitation on Ownership. The board of Governors shall have the sole discretion to determine a limit on the number of membership units a Member may directly or indirectly own or control 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 4 contracts
Samples: Member Control Agreement (Minnergy LLC), Member Control Agreement (Minnergy LLC), Member Control Agreement (Minnergy LLC)