Compensation of Managers; Expenses. The Managers shall not receive any compensation, though Managers may be paid their expenses, if any, of serving as manager, which may be a fixed sum per annum. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (SLM Education Credit Funding LLC), Limited Liability Company Operating Agreement (SLM Funding LLC), Operating Agreement (SLM Funding LLC)
Compensation of Managers; Expenses. The Managers shall will not receive any compensation, though Managers may be paid their compensation or reimbursment of out-of-pocket expenses, if any, of serving as manager, which may be a fixed sum per annum. No such payment shall preclude any Manager from serving the Company in any other capacity and receiving compensation therefor.
Appears in 1 contract
Samples: Securities Purchase Agreement (Business Development Corp of America)
