Dealing with the Company. Any Member may deal with the Company by providing or receiving property and services to or from it, and may receive from others or from the Company normal profits, salary, compensation, commissions, or other income incident to such dealings; provided, however, in each such case, the dealing or transaction, and the profit or compensation, is approved in advance by the Manager.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Dealing with the Company. Any Member The Members, the Manager, and affiliates of the Members or the Manager may deal with the Company by providing or receiving property and services to or from itthe Company, and may receive from others or from the Company normal profits, salary, compensation, commissions, or other income incident to those dealings as long as any such dealings; provided, however, in each such case, the dealing or transaction, and the profit or compensation, transaction is approved in advance by the Manager or, for dealings with the Manager, by Approval of the Members.
Appears in 1 contract
Samples: Operating Agreement
Dealing with the Company. Any Subject to Section 4.2.7, any Member may deal with the Company by providing or receiving property and services to or from it, and may receive from others or from the Company normal profits, salary, compensation, commissions, or other income incident to such dealings; provided, however, in each such case, the dealing or transaction, and the profit or compensation, is approved in advance by the Manager.
Appears in 1 contract
Samples: Operating Agreement