Business Objectives. The Company's objectives and scope of business include: (i) selling plant food and crop protection products to cooperative members and patrons of Members (and others as may be otherwise agreed to by the Members) for resale or use in North American markets, and (ii) providing other goods and services to Members and members and patrons of Members (and others as may be otherwise agreed to by the Members). Until the time of the Working Asset Closing (as hereinafter defined), the Company shall act as the manager of all of such direct and indirect businesses of the Members and of WilFarm LLC and the earnings and losses of such businesses and WilFarm shall inure to the joint shared benefit of the Members and in accordance with the agreement of WilFarm with the Company. Following the Working Asset Closing, the Company shall use the LOL Contributed Assets and the United LLC Contributed Assets for purposes of operation of the businesses in its own name pursuant to clauses (a)(i) and (a)(ii) above.
Appears in 2 contracts
Sources: Joint Venture Agreement (Cenex Harvest States Cooperatives), Joint Venture Agreement (Land O Lakes Inc)