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 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. 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. 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 law, 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, including the applicable provisions of Section 7.04(d).
Business Transactions of a Member with the Company. In accordance with Section 18-107 of the Act, a Member (including, for the sake of clarity, the Managing Member) may lend money to, 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 law, shall have the same rights and obligations with respect to any such matter as any individual, partnership, corporation, limited liability company, trust or other legal entity (a "Person") who is not a Member, except as otherwise agreed in writing by the Members.
Business Transactions of a Member with the Company. (a) The Advisory Agreements have been ratified and approved in all respects, and, except as otherwise provided in the Advisory Agreements, any advisory or monitoring fees or other amounts payable to the applicable party thereto or any of their respective Affiliates or designees thereunder shall not be subject to any further approval hereunder or otherwise. Notwithstanding the foregoing, the unanimous written consent of Xxxxx, GSCP and VAC shall be required in connection with (i) KAR Holdings determination to pay any fees in connection with Transaction Services (as defined in the Advisory Agreements) to the applicable party to such agreement (it being understood that if such fees in connection with Transaction Services are offered to be paid to Xxxxx, GSCP and VAC then Parthenon shall have the right to provide similar Transaction Services and if such services are so provided to receive fees with respect thereto consistent with the respective annual fees payable to Parthenon as compared to the other parties of the Advisory Agreements), (ii) KAR Holdings determination to increase the fees payable to any party to such Advisory Agreement in the event that such party (or its designees) invests additional equity in the Company or any of its Affiliates (it being understood that in connection therewith, if such fees are so increased, the fees of other members that invests
