Business Transactions of a Member with the Company. A Member may lend money to, borrow money from, act as surety, guarantor or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with, the LLC and, subject to applicable law, shall have the same rights and obligations with respect to any such matter as a Person who is not a Member.
Business Transactions of a Member with the Company. In accordance with Section 18-107 of the Act, a member may transact business with the Company and, subject to applicable law, shall have the same rights and obligations with respect to any such matter as a person who is not a member.
Business Transactions of a Member with the Company. Subject to prior approval of the Board, a Member may lend money to, borrow money from, act as surety or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, or transact any other business with the Company, provided that any such transaction pursuant to any agreement entered into after the date hereof shall be approved by a majority of the non-interested Directors.
Business Transactions of a Member with the Company. Subject to prior approval of the Board, a Member (or an Affiliate thereof) may lend money to, borrow money
Business Transactions of a Member with the Company. A Member may transact any business with the Company or any of its Subsidiaries; provided that any such transaction (i) shall have been approved as may be required by Section 4.11, (ii) must be on terms which are no less favorable to the Company or such Subsidiary than those terms which would be obtained in a comparable arm’s-length transaction with an unrelated third party, (iii) must not contravene any agreement with, or commitment to, the Office of Thrift Supervision (the “OTS”) or any applicable regulatory authority, and (iv) shall be subject to any other applicable terms and conditions of this Agreement.
Business Transactions of a Member with the Company. Subject to the prior approval of the Board and Section 5.1(a)(iv), a Member (or an Affiliate thereof) may lend money to, borrow money from, act as surety or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, or transact any other business with the Company or any of its Subsidiaries.
Business Transactions of a Member with the Company. Subject to the prior approval of the Managing Members, a Member may lend money to, borrow money from, act as surety or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, or transact any other business with the Company.
Business Transactions of a Member with the Company. In accordance with Section 18-107 of the Act, the Member may lend money to, borrow money from, act as surety, guarantor or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and transact other business with, the Company and, subject to applicable law, shall have the same rights and obligations with respect to any such matter as a person who is not the Member.
Business Transactions of a Member with the Company. In accordance with Section 18-107 of the Delaware Act, a Member may lend money to, borrow money from, act as surety, guarantor or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with, the Company and, subject to applicable Laws, shall have the same rights and obligations with respect to any such matter as a Person who is not a Member; provided, however, that such Member complies with this Agreement and any approval requirements applicable thereto.
Business Transactions of a Member with the Company. (a) Except to the extent provided in this Agreement, a Member may lend money to, borrow money from, act as a surety, guarantor or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and transact other business with the Company and, subject to other applicable law, has the same rights and obligations with respect to any such matter as a person who is not a Member.
(b) Each Member is free to engage directly, or indirectly through any other person, in any business that is the same or similar to any business engaged in by the Company, and no Member shall have any duty or obligation to bring any "corporate opportunity" to the Company; provided that no Member or controlled Affiliate thereof shall establish or acquire a motor vehicle dealership within 75 miles of a motor vehicle dealership then owned or operated by the Company without the approval of the Board of Directors (including at least two Dealer Directors).
(c) No Member (or if such Member is not a natural person, any natural person that owns a beneficial interest in such Member) shall, during the time such Member is a Member and for one (1) year after such Member ceases to be a Member or such natural person ceases to own a beneficial interest in such Member, (i) directly or indirectly employ, solicit, entice or encourage to leave the employ of the Company or any of its subsidiaries, any person who is, or at any time during the preceding twelve months was, employed by, or otherwise engaged to perform services for, the Company or any of its subsidiaries or (ii) otherwise intentionally interfere with the relationship of the Company or any of its subsidiaries with any person who is employed by or otherwise engaged to perform services for the Company or any of its subsidiaries; provided, however, that the restrictions set forth in this Section 10.06(c) shall not apply to AAH, any Affiliate of AAH or to any Member or natural person who is bound by a non-solicitation restriction contained in a consulting or employment agreement between such Member or natural person and the Company or its subsidiaries.
