Common use of Based on Other Bona Fide Business Reasons Clause in Contracts

Based on Other Bona Fide Business Reasons. The Manager may, at any time, cause the Company to purchase all of the Shares owned by a Member if the Manager determines that such Member (i) has violated any of its obligations to the Company or to the other Members, or (ii) is engaged in, or has engaged in (A) conduct (including but not limited to criminal conduct) that brings the Company, or threatens to bring the Company, into disrepute, or (B) is adverse and fundamentally unfair to the interests of the Company or the other Members.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Concreit Fund I LLC), Limited Liability Company Agreement (Property Income Trust LLC)

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Based on Other Bona Fide Business Reasons. The Manager may, at any time, cause the Company to purchase all of the Investor Shares owned by a an Investor Member if the Manager determines that such Member (i) has violated such Investor Member made a material misrepresentation to the Company; (ii) legal or regulatory proceedings are commenced or threatened against the Company or any of its obligations members arising from or relating to the Company or to the other Members, or (ii) is engaged in, or has engaged Investor Member’s interest in (A) conduct (including but not limited to criminal conduct) that brings the Company, or threatens to bring the Company, into disrepute, or (B) is adverse and fundamentally unfair to the interests of the Company or the other Members.;

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

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Based on Other Bona Fide Business Reasons. The Manager may, at any time, cause the Company to purchase all of the Class A Shares owned by a Member if the Manager determines that such Member (i) has violated such Member made a material misrepresentation to the Company; (ii) legal or regulatory proceedings are commenced or threatened against the Company or any of its obligations members arising from or relating to the Company or to the other Members, or (ii) is engaged in, or has engaged Member’s interest in (A) conduct (including but not limited to criminal conduct) that brings the Company, ; (iii) the Manager believes that such Member’s ownership has caused or threatens to bring the Company, into disrepute, or (B) is adverse and fundamentally unfair to the interests of will cause the Company to violate any law or the other Members.regulation;

Appears in 1 contract

Samples: Limited Liability Company Agreement

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