Examples of Unit Holders in a sentence
However, except as otherwise provided by law, the Manager may determine, due to contractual obligations, business concerns or other considerations, that certain information regarding the business, affairs, properties, and financial condition of the Company should be kept confidential and not provided to some or all of the Unit Holders or that it is not just or reasonable for some or all of the Unit Holders or their assignees or representatives to examine or copy any such information.
The failure of the Company to observe any formalities or requirements relating to the exercise of its powers or management of its business or affairs under this Agreement or the Act shall not be grounds for imposing liability on the Unit Holders or the Manager for any debt, obligation or liability of the Company.
The Manager shall be under no other duty to the Company or the Unit Holders to conduct the affairs of the Company in a particular manner.
Unit Holders of this Company are those Persons described in Section 6.1 hereof, who have not ceased to be Unit Holders.
Unless otherwise provided by the Manager or as otherwise provided in Section 10, Net Cash Flow, if any, shall be distributed to the Unit Holders in such manner as is consistent with their distribution entitlements with respect to the patronage income of GLCP.