Common use of Business Transactions of a Member with the Company Clause in Contracts

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.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement, Sample LLC Operating Agreement

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Business Transactions of a Member with the Company. A Member In accordance with Section 18-107 of the Act, a 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 LLC Company and, subject to applicable law, shall have the same rights and obligations with respect to any such matter as a Person person who is not a Member.

Appears in 7 contracts

Samples: Limited Liability Company Operating Agreement (Travelport Holdings, LLC /DE/), Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.), Limited Liability Company Operating Agreement (S.D. Shepherd Systems, Inc.)

Business Transactions of a Member with the Company. A Member may lend money to, borrow money from, act as surety, guarantor surety or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and or transact any other business with, with the LLC and, subject to applicable law, shall have the same rights and obligations with respect to Company or any of its Subsidiaries; provided that any such matter as a Person who is not a Membertransaction shall require the approval of the Board.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc)

Business Transactions of a Member with the Company. A In accordance with Section 18-107 of the Act and subject to the requirements of Section 6.1(e) and Section 6.3 hereof, a 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 LLC 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.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (PHH Corp), Limited Liability Company Operating Agreement (Realogy Corp), Limited Liability Company Operating Agreement (PHH Corp)

Business Transactions of a Member with the Company. A Member may lend money to, borrow money from, act as surety, guarantor surety or endorser for, guarantee guaranty or assume one or more specific obligations of, provide collateral for, and 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 either (i) on terms not less favorable to the Company than those obtainable from third parties or (ii) approved by a majority of Directors not affiliated with, or related to, 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 interested Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Global Decisions Group LLC), Limited Liability Company Agreement (Global Decisions Group LLC)

Business Transactions of a Member with the Company. A In accordance with Section 18-107 of the 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 LLC 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.

Appears in 2 contracts

Samples: Series Operating Agreement, Limited Liability Company Agreement (T-Mobile USA, Inc.)

Business Transactions of a Member with the Company. A Member may lend money to, borrow money from, act as surety, guarantor surety or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and or transact any other business with, with the LLC and, subject to applicable law, shall have the same rights and obligations with respect to Company or any of its Subsidiaries; provided that any such matter transaction shall (a) require the approval of a majority of the Directors and (b) have been approved as a Person who is not a Membermay be required by Section 4.12.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CVR Energy Inc), Limited Liability Company Agreement (CVR Energy Inc)

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Business Transactions of a Member with the Company. A Member may lend money to, borrow money from, act as surety, guarantor surety or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and or transact any other business withwith the Company or any of its Subsidiaries, the LLC and, subject to applicable law, shall have the same rights and obligations with respect to provided that any such matter as a Person who is not a Membertransaction shall require the approval of the Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (South Texas Supply Company, Inc.), Limited Liability Company Operating Agreement (McJunkin Red Man Holding Corp)

Business Transactions of a Member with the Company. A Member may lend money to, borrow money from, act as surety, guarantor surety or endorser for, guarantee or assume one or more specific obligations of, provide collateral for, and or transact any other business with, with the LLC and, subject to applicable law, shall have the same rights and obligations with respect to Company or any of its Affiliates; provided that any such matter transaction shall (a) require the approval of a majority of the Directors and (b) have been approved as a Person who is not a Membermay be required by Section 4.12.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CVR Energy Inc)

Business Transactions of a Member with the Company. A (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, with the LLC Company and, subject to other applicable law, shall have has the same rights and obligations with respect to any such matter as a Person person who is not a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Asbury Automotive Group Inc)

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