Common use of Application of the Act Clause in Contracts

Application of the Act. Except as expressly provided in this Agreement, the rights and liabilities of the Members shall be as provided in the Delaware Act. In the event of any inconsistency between any terms and conditions contained in this Agreement and any non-mandatory provisions of the Delaware Act, the terms of this Agreement shall govern.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (BankUnited, Inc.), Limited Liability Company Agreement (BankUnited, Inc.)