Compensation; Dealings With Affiliates. Without the prior written approval of a Majority of the Members, no compensation shall be paid to the Manager, any Member, or their Affiliates, except pursuant to Distributions made in accordance with the Agreement, or except for reimbursement of reasonable expenses incurred in connection with the Agreement. Notwithstanding anything herein to the contrary but subject to the provisions of Section 5 of this Article VII, the Managing Member and Manager, when acting on behalf of the Company, are each hereby authorized to purchase property and services from and sell property or services to, or otherwise deal with the Manager, any Member or the Affiliate of the Manager or any Member, acting on its own behalf, provided that any such purchase, sale or other transaction shall be made on terms and conditions which are no less favorable to the Company than if the sale, purchase or other transaction had been entered into which an independent third party, it being further agreed that any contract entered into by the Company with the Property Manager may in any event provide for the payment of management and construction supervision fees and leasing and sales commissions as set forth in the Management and Leasing Agreement. All such dealings or transactions with Members, the Manager and their Affiliates shall be disclosed in writing at least ten (10) business days before such transaction or dealings first occur or commence.
Compensation; Dealings With Affiliates. Without the prior written approval of all Members, no compensation shall be paid to any Member, or their Affiliates, except pursuant to Distributions made in accordance with this Agreement, or except for reimbursement of reasonable expenses incurred in connection with this Agreement.
