Common use of Interested Directors; Quorum Clause in Contracts

Interested Directors; Quorum. No contract or transaction between the Company and one or more of its Directors or Officers, or between the Company and any other limited liability company, corporation, partnership, association or other organization in which one or more of its Directors or Officers are Directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the Director or Officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because his or her or their votes are counted for such purpose, if: (1) the material facts as to his or her relationship or interest and as to the

Interested Directors; Quorum. No contract or transaction between the Company Corporation and one or more of its Directors directors or Officersofficers, or between the Company Corporation and any other limited liability company, corporation, partnership, association or other organization in which one or more of its Directors directors or Officers officers are Directors directors or officers, or have a financial interest, shall be void or voidable solely for this reason, or solely because the Director director or Officer officer is present at or participates in the meeting of the Board of Directors or committee thereof which authorizes the contract or transaction, or solely because his any such director's or her or their officer's votes are counted for such purpose, if: (1i) the material facts as to his the director's or her officer's relationship or interest and as to the contract or transaction are disclosed or are known to the