Operating Agreement Controls Sample Clauses
The "Operating Agreement Controls" clause establishes that the terms of the operating agreement take precedence over any conflicting provisions in other documents or agreements related to the entity. In practice, this means that if there is a discrepancy between the operating agreement and, for example, a member's side agreement or a default rule under state law, the operating agreement's terms will govern. This clause ensures consistency and clarity by designating the operating agreement as the authoritative source for the entity's governance, thereby reducing the risk of disputes over which rules apply.
Operating Agreement Controls. To the extent that the rights or obligations of the Members or the Company under provisions of this Operating Agreement differ from what they would be under Texas law absent such a provision, this Agreement, to the extent permitted under Texas law, shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Members or the Company under provisions of this Operating Agreement differ from what they would be under Delaware law absent such a provision, this Agreement, to the extent permitted under Delaware law, shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Members or the Company under provisions of this Operating Agreement differ from what they would be under California law absent such a provision, this Agreement, to the extent permitted under California law, shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Members or the Company under provisions of this Operating Agreement differ from what they would be under ___________________ law absent such a provision, this Agreement, to the extent permitted under ___________________ law, shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Member or Company under provisions of this Operating Agreement differ from what they would be under Missouri law absent such a provision, this Agreement, to the extent permitted under Missouri law, shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Members or the Company under provisions of this Operating Agreement differ from what they would be under Illinois law absent such a provision, this Agreement, to the extent permitted under Illinois law, shall control.
Operating Agreement Controls. None of the Pre-Development Budget, the Business Plan, or the Operating Budget, as any of them may be amended or revised from time to time (the “Budgets and Plans”) shall be deemed an amendment of this Agreement. To the extent that any provision of any of the Budgets and Plans deals with the same matter as this Agreement, the provisions of this Agreement shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Member or Company under provisions of this Operating Agreement differ from what they would be under Arizona law absent such a provision, this Agreement, to the extent permitted under Arizona law, shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Member or Company under provisions of this Operating Agreement differ from what they would be under Ohio law absent such a provision, this Agreement, to the extent permitted under Ohio law, shall control.
Operating Agreement Controls. To the extent that the rights or obligations of the Members, or the Company under provisions of this Agreement differ from what they would be under Indiana law absent such a provision, this Agreement, to the extent permitted under Indiana law, shall control.