Common use of Contracts with Related Parties Clause in Contracts

Contracts with Related Parties. With the exception of the employment and consulting arrangements described in Sections 5.2 and 5.7 hereof, the Officers of the LLC shall not knowingly enter into any agreement or other arrangement for the furnishing to or by the LLC of goods or services with any person related to or affiliated with any Member or Officer or the LLC, unless such agreement or arrangement has been Approved by the Supermajority in Interest after the nature of the relationship or affiliation has been disclosed. By way of definition of the phrase "related to or affiliated with," for the purposes of this Section 5.7, the following Persons shall be deemed to be "related to or affiliated with" a Member or Officer.

Contracts with Related Parties. With the exception of the employment and consulting arrangements described in Sections 5.2 and 5.7 hereof, and the other business activity described in Section 4.8, the Officers of the LLC shall not knowingly enter into any agreement or other arrangement for the furnishing to or by the LLC of goods or services with any person related to or affiliated with any Member or Officer or the LLC, unless such agreement or arrangement has been Approved by the Supermajority in Interest after the nature of the relationship or affiliation has been disclosed. By way of definition of the phrase "related to or affiliated with," for the purposes of this Section 5.75.6, the following Persons shall be deemed to be "related to or affiliated with" a Member or Officer.

Contracts with Related Parties. With the exception of the employment and consulting arrangements described in Sections 5.2 and 5.7 hereof, the Officers officers of the LLC shall not knowingly enter into any agreement or other arrangement for the furnishing to or by the LLC of goods or services with any person Person related to or affiliated Affiliated with any Member or Officer officer or the LLC, unless such agreement or arrangement has been Approved approved by the Supermajority in Interest after the nature of the relationship or affiliation has been disclosed. By way of definition of the phrase "“related to or affiliated Affiliated with," for the purposes of this Section 5.7, ” the following Persons shall be deemed to be "“related to or affiliated Affiliated with" ” a Member or Officerofficer.