Indirect Action. Each Member agrees that it is of the essence to this Agreement that no Member be permitted to do indirectly - by the use of Affiliates, agents, agreements, contracts, reciprocal business dealings or any other means - that which such Member has herein agreed not to do directly. Furthermore, it is the express intent of all Members that all Members shall comply in all respects with the substantive purposes of this Agreement and that technical compliance shall constitute a breach hereof to the extent that it contravenes or does not fully achieve such substantive purposes.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Master Inflation Protected Securities Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master International Value Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Event-Linked Bond Fund, LLC)
Indirect Action. Each Member agrees that it is of the essence to this Agreement that no Member be permitted to do or omit to do indirectly - by the use of Affiliatesaffiliates, agents, agreements, contracts, reciprocal business dealings or any other means - that which such Member has herein agreed not to do directly. Furthermore, it is the express intent of all Members that all Members shall comply in all respects with the substantive purposes and intent of this Agreement Agreement, and that technical compliance shall will constitute a breach hereof to the extent that it contravenes or does not fully achieve such substantive purposespurposes and intent.
Appears in 1 contract
Samples: Limited Liability Company Agreement (PREMIER NUTRITION Corp)
