Manager’s Reliance on Information Provided by Others. Unless the Manager has knowledge concerning the matter in question that makes reliance by the Manager unwarranted, the Manager is entitled to rely on information, opinions, reports, or statements, including but not limited to financial statements or other financial data, if prepared or presented by: · One or more Members, Managers, employees, or contractors of the Company whom the Manager reasonably believes to be reliable and competent in the matter presented; · Legal counsel, accountants, or other Persons as to matters the Manager reasonably believes are within the Person's professional or expert competence; or · A committee of members or managers of which he or she is not a member if the Manager reasonably believes the committee merits confidence.
Appears in 18 contracts
Samples: Operating Agreement (Cardone Equity Fund IX, LLC), Operating Agreement (Own Our Own Fund I, LLC), Operating Agreement (Pf Royalty I LLC)
Manager’s Reliance on Information Provided by Others. Unless the Manager has knowledge concerning the matter in question that makes reliance by the Manager unwarranted, the Manager is entitled to rely on information, opinions, reports, or statements, including but not limited to financial statements or other financial data, if prepared or presented by: · One or more Members, Managers, employees, or contractors of the Company whom the Manager reasonably believes to be reliable and competent in the matter presented; · Legal counsel, accountants, or other Persons as to matters the Manager reasonably believes are within the Person's ’s professional or expert competence; or · A committee of members or managers of which he or she is not a member if the Manager reasonably believes the committee merits confidence.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Mission First Capital LLC), Limited Liability Company Agreement (Mission First Capital LLC), Limited Liability Company Agreement (Mission First Capital LLC)
Manager’s Reliance on Information Provided by Others. Unless the Manager has knowledge concerning the matter in question that makes reliance by the Manager unwarranted, the Manager is entitled to rely on information, opinions, reports, or statements, including but not limited to financial statements or other financial data, if prepared or presented by: · One or more Members, Managers, employees, or contractors of the Company whom the Manager reasonably believes to be reliable and competent in the matter presented; · Legal counsel, accountants, or other Persons as to matters the Manager reasonably believes are within the Person's professional or expert competence; or · A committee of members or managers of which he or she is not a member if the Manager reasonably believes the committee merits confidence.. Paradyme Equities, LLC 13 Company Agreement
Appears in 4 contracts
Samples: Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC)
Manager’s Reliance on Information Provided by Others. Unless the Manager has knowledge concerning the matter in question that makes reliance by the Manager unwarranted, the Manager is entitled to rely on information, opinions, reports, or statements, including but not limited to financial statements or other financial data, if prepared or presented by: · ☐ One or more Members, Managers, employees, or contractors of the Company whom the Manager reasonably believes to be reliable and competent in the matter presented; · ☐ Legal counsel, accountants, or other Persons as to matters the Manager reasonably believes are within the Person's professional or expert competence; or · ☐ A committee of members or managers of which he or she is not a member if the Manager reasonably believes the committee merits confidence.
Appears in 3 contracts
Samples: Operating Agreement (HIS Capital Fund III, LLC), Operating Agreement (HIS Capital Fund III, LLC), Operating Agreement (HIS Capital Fund III, LLC)
Manager’s Reliance on Information Provided by Others. Unless the Manager has knowledge concerning the matter in question that makes reliance by the Manager unwarranted, the Manager is entitled to rely on information, opinions, reports, or statements, including but not limited to financial statements or other financial data, if prepared or presented by: · • One or more Members, Managers, employees, or contractors of the Company whom the Manager reasonably believes to be reliable and competent in the matter presented; · • Legal counsel, accountants, or other Persons as to matters the Manager reasonably believes are within the Person's professional or expert competence; or · • A committee of members or managers of which he or she is not a member if the Manager reasonably believes the committee merits confidence.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
Manager’s Reliance on Information Provided by Others. Unless the Manager has knowledge concerning the matter in question that makes reliance by the Manager unwarranted, the Manager is entitled to rely on information, opinions, reports, or statements, including but not limited to financial statements or other financial data, if prepared or presented by: · ·One or more Members, Managers, employees, or contractors of the Company whom the Manager reasonably believes to be reliable and competent in the matter presented; · ·Legal counsel, accountants, or other Persons as to matters the Manager reasonably believes are within the Person's professional or expert competence; or · ·A committee of members or managers of which he or she is not a member if the Manager reasonably believes the committee merits confidence.
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