Common use of Contracts with Members or Their Affiliates Clause in Contracts

Contracts with Members or Their Affiliates. (a) All contracts or transactions not involving ETE that are between the Company and its Members, Directors or officers or between the Company and another Person in which a Member, Director or officer has a financial interest or with which a Member, Director or officer is affiliated are permissible if such contract or transaction, and such Member’s, Director’s or officer’s interest therein, are fully disclosed to the Members and approved by the Members.

Contracts with Members or Their Affiliates. (a) All contracts or transactions not involving ETE that are between the Company and its Members, Directors or officers or between the Company and another Person in which a Member, Director or officer has a financial interest or with which a Member, Director or officer is affiliated are permissible if such contract or transaction, and such Member’s, Director’s or officer’s interest therein, are fully disclosed to the Members and approved by the Membersa Two-Thirds Interest.

Contracts with Members or Their Affiliates. (a) All Notwithstanding any duty otherwise existing at Law or in equity, all contracts or transactions not involving ETE that are between the Company and its Members, Directors or officers Officers or between the Company and another Person in which a Member, Director or officer Officer has a financial interest or with which a Member, Director or officer Officer is affiliated are permissible if such contract or transaction, and such Member’s, Director’s or officerOfficer’s interest therein, are fully disclosed to the Members and approved by the MembersManaging Member.