Disposition of Production. Subject to the second sentence of this Section 5.9, the Company shall from time to time sell or otherwise dispose of any Products produced from the Properties and may, but shall not be obligated, from time to time use futures contracts, forward sales, trading in puts, calls, options and any similar hedging, price protection and/or other marketing mechanisms in connection with such disposition. A Member may elect to receive Products in kind upon payment by such Member to the Company pursuant to an agreement approved by the Management Committee of all additional costs and expenses relating to such Member's taking in kind.
Appears in 2 contracts
Sources: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (Uranium Energy Corp)