Initial Member Engagement of Contractors. The Initial Member retains the right, in its sole discretion, to engage any one or more (a) Verification Contractors in accordance with the terms set forth in Section 5 of the Permitted Capital Improvement Addendum, (b) Reporting Services in accordance with the terms set forth in Section 6 of the Reporting and Access Schedule, and (c) additional third party contractors to assist the Initial Member in the exercise of its rights (including oversight of the Private Owner and the Manager in performance of their respective obligations) and performance of its obligations under the Transaction Documents. Each of the Company, the Manager and the Private Owner will, to the extent set forth, and subject to any limitations on authority so set forth, by the Initial Member in its sole discretion in an applicable notice identifying any such contractor and its applicable authority, cooperate with such contractor (as a representative and designee of the Initial Member), including in granting to such contractor all access and rights to copies available to the Initial Member (and any representative or designee thereof) under the Reporting and Access Schedule and any other applicable provisions of the Transaction Documents. Allocation of costs and expenses (and any reimbursement or indemnity in respect thereof) in connection with any such engagement by the Initial Member and cooperation by the Company, the Private Owner and the Manager as applicable will be based on the provisions of the Transaction Documents applicable to the exercise by the Initial Member of the rights (or obligations, as the case may be) being performed with use of such contractor.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Private Owner Interest Sale and Assignment Agreement, Limited Liability Company Operating Agreement
Initial Member Engagement of Contractors. The Initial Member retains the right, in its sole discretion, to engage any one or more (a) Verification Contractors in accordance with the terms set forth in Section 5 of the Permitted Capital Improvement Addendum, (b) a Reporting Services Service in accordance with the terms set forth in Section 6 of the Reporting and Access Schedule, Schedule and (cb) additional third party contractors to assist the Initial Member in the exercise of its rights (including oversight of the Private Owner and the Manager in performance of their respective obligations) and performance of its obligations under the Transaction Documents. Each of the Company, the Manager and the Private Owner will, to the extent set forth, and subject to any limitations on authority so set forth, by the Initial Member in its sole discretion in an applicable notice identifying any such contractor and its applicable authority, cooperate with such contractor (as a representative and designee of the Initial Member), including in granting to such contractor all access and rights to copies available to the Initial Member (and any representative or designee thereof) under the Reporting and Access Schedule and any other applicable provisions of the Transaction Documents. Allocation of costs and expenses (and any reimbursement or indemnity in respect thereof) in connection with any such engagement by the Initial Member and cooperation by the Company, the Private Owner and the Manager as applicable will be based on the provisions of the Transaction Documents applicable to the exercise by the Initial Member of the rights (or obligations, as the case may be) being performed with use of such contractor.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement, Private Owner Interest Sale and Assignment Agreement