Compensation of Members and their Affiliates. No Member, nor any of their respective Affiliates, shall be entitled to compensation from the Company in connection with any matter that may be undertaken in connection with the fulfillment of its duties and responsibilities hereunder.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Hospitality Investors Trust, Inc.), Limited Liability Company Agreement (American Realty Capital Hospitality Trust, Inc.), Limited Liability Company Agreement (American Realty Capital Hospitality Trust, Inc.)
Compensation of Members and their Affiliates. No Member, nor any of its respective Principals and their respective Affiliates, shall be entitled to compensation from the Company or any Subsidiary in connection with any matter that may be undertaken solely in connection with the fulfillment of its duties and responsibilities as a Member hereunder, except as otherwise provided in this Agreement, or as determined by the Board.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (First Capital Real Estate Trust Inc), Limited Liability Company Agreement (First Capital Real Estate Trust Inc)
Compensation of Members and their Affiliates. No Except as provided in Sections 15.1 and 15.3, no Member, nor any of their its respective Affiliates, shall be entitled to compensation from the Company in connection with any matter that may be undertaken in connection with the fulfillment of its duties and responsibilities as a Member hereunder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (PH Holding LLC), Limited Liability Company Agreement (PH Holding LLC)
Compensation of Members and their Affiliates. No (a) Except as set forth in Section 5.3(b), no Member, nor any of their respective Affiliates, shall be entitled to compensation from the Company in connection with any matter that may be undertaken in connection with the fulfillment of its duties and responsibilities hereunder.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Patriot Transportation Holding Inc), Limited Liability Company Agreement (Patriot Transportation Holding Inc)
Compensation of Members and their Affiliates. No Member, nor any of their respective its Affiliates, shall be entitled to compensation from the Company or any Subsidiary in connection with any matter that may be undertaken in connection with the fulfillment fulfilment of its duties and responsibilities hereunder, except as approved by Madison Member.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plymouth Industrial REIT Inc.)
Compensation of Members and their Affiliates. No Member, nor any of its respective Principals and their respective Affiliates, shall be entitled to compensation from the Company or any Subsidiary in connection with any matter that may be undertaken solely in connection with the fulfillment of its duties and responsibilities hereunderas a Member hereunder except as otherwise provided in this Agreement, or as determined by the Board.
Appears in 1 contract
Samples: Limited Liability Company Agreement (First Capital Real Estate Trust Inc)
