Board’s Discretion. Whenever in this Agreement the Board is permitted or required to make a decision, unless otherwise explicitly provided in this Agreement, it may do so in its sole and absolute discretion; provided, that nothing in this Section 14.11 shall affect or modify the Board Members’ standard of care set forth in Section 4.1(c) of this Agreement or permit the Board to take actions in violation of this Agreement.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Atlanta Invest 1, LLC)
Board’s Discretion. Whenever in this Agreement the Board is permitted or required to make a decision, unless otherwise explicitly provided in this Agreement, it may do so in its sole and absolute discretion; provided, that nothing in this Section 14.11 §14.10 shall affect or modify the Board Members’ standard of care set forth in Section §4.1(c) of this Agreement or permit the Board to take actions in violation of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (REI Capital Growth LLC)
Board’s Discretion. Whenever in this Agreement the Board is permitted or required to make a decision, unless otherwise explicitly provided in this Agreement, it may do so in its sole and absolute discretion; provided, that nothing in this Section §14.11 shall affect or modify the Board Members’ standard of care set forth in Section §4.1(c) of this Agreement or permit the Board to take actions in violation of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (REI Capital Growth LLC)
Board’s Discretion. Whenever in this Agreement the Board is permitted or required to make a decision, unless otherwise explicitly provided provide in this Agreement, it may do so in its sole and absolute discretion; provided, that nothing in this Section 14.11 17.10 shall affect or modify the Board Members’ Board’s standard of care set forth in Section 4.1(c) Article IV of this Agreement or permit the Board to take actions in violation of this Agreement.
Appears in 1 contract
Samples: Operating Agreement (Roots Real Estate Investment Community I, LLC)
Board’s Discretion. Whenever in this Agreement the Board is permitted or required to make a decision, unless otherwise explicitly provided in this Agreement, it may do so in its sole and absolute discretion; provided, that nothing in this Section 14.11 12.11 shall affect or modify the Board Members’ standard of care set forth in Section 4.1(c) of this Agreement or permit the Board to take actions in violation of this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (REI Capital Income LLC)
