Authority of Persons. to Deal with the Company. The Company may, but shall not be required to, transact business with, borrow money from, or lend money to any Member, or any affiliate thereof, and such person or entity shall, subject to applicable law, have the same rights and obligations with respect thereto as would a person who was not such a Member or affiliate.
Appears in 13 contracts
Samples: Operating Agreement (Central Michigan Distribution Co Lp), Operating Agreement (Central Michigan Distribution Co Lp), Operating Agreement (Northland Holdings Management Inc)
Authority of Persons. to Deal with the Company. The Company may, but shall not be required to, transact business with, borrow money from, or lend money to any Member, or any affiliate thereof, and such person or entity shall, subject to applicable law, have the same rights and obligations with respect thereto as would a person who was not such a Member or affiliate.
Appears in 1 contract
Samples: Operating Agreement (Central Michigan Distribution Co Lp)
