Payment of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.
Appears in 44 contracts
Samples: Operating Agreement, Operating Agreement (Akron Riverview Corn Processors, LLC), Operating Agreement (Nedak Ethanol, LLC)
Payment of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any MemberMember or Governor.
Appears in 15 contracts
Samples: Member Control Agreement (Agassiz Energy, LLC), Member Control Agreement (Highwater Ethanol LLC), Member Control Agreement (Minnergy LLC)
Payment of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.
Appears in 11 contracts
Samples: Operating Agreement (Northwest Iowa Renewable Energy LLC), Operating Agreement (Prairie Creek Ethanol LLC), Operating Agreement (Little Sioux Corn Processors LLC)
Payment of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.
Appears in 10 contracts
Samples: Operating Agreement, Operating Agreement (Advanced BioEnergy, LLC), Operating Agreement (Homeland Energy Solutions LLC)
Payment of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.
Appears in 4 contracts
Samples: Operating Agreement (Golden Grain Energy), Operating Agreement (Little Sioux Corn Processors LLC), Operating Agreement (United Wisconsin Grain Producers LLC)
Payment of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, for or in payment of, of any individual obligation of any Membera Member or Economic Interest Owner.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Great Plains Energy Inc), Limited Liability Company Agreement (Great Plains Energy Inc), Limited Liability Company Agreement (Great Plains Energy Inc)
Payment of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any Member.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Global Green Solutions Inc.), Operating Agreement (Valcent Products Inc.)
Payment of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, or in payment of, any individual obligation of any Member.
Appears in 1 contract
Payment of Individual Obligations. The Company’s credit and assets Assets shall be used solely for the benefit of the Company, Company and no asset Assets of the Company shall be Transferred transferred or encumbered for, for or in payment of, of any individual obligation of any Member.
Appears in 1 contract
Payment of Individual Obligations. The Company’s 's credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred transferred or encumbered for, for or in payment of, of any individual obligation of any the Member.
Appears in 1 contract
Payment of Individual Obligations. The Company’s credit and assets shall be used solely for the benefit of the Company, and no asset of the Company shall be Transferred or encumbered for, or in payment of, any individual obligation of any MemberMember or Manager.
Appears in 1 contract
