Purposes and Scope. Subject to the provisions of this Agreement, the Company is formed to acquire, hold, manage, and operate an asphalt receiving, processing, storage, and handling terminal, to engage in any activity necessary or convenient to accomplish its purposes and operate its business as set forth herein as the Members may from time-to-time determine; and to exercise all powers permitted thereby. This Agreement does not and shall not be construed to govern any business relationships between the parties other than those specified in this Agreement.
Appears in 2 contracts
Sources: Operating Agreement (Foreland Corp), Operating Agreement (Crown Energy Corp)
Purposes and Scope. Subject to the provisions of this Agreement, the Company is formed to acquire, hold, manage, and operate an asphalt receiving, processing, storage, blending, manufacturing, distribution, and handling terminalfacilities along with related Business activities; to acquire the asphalt assets and Business from Crown's subsidiaries, which assets and Business will constitute the Property; to engage in any activity necessary or convenient to accomplish its purposes and operate its business Business as set forth herein as the Members may from time-to-time determine; and to exercise all powers permitted thereby. This Agreement does not and shall not be construed to govern any business relationships between the parties other than those specified in this Agreement.
Appears in 1 contract