Common use of No Representations by LLC Clause in Contracts

No Representations by LLC. No Person has at any time expressly or impliedly represented, guaranteed, or warranted to it that (a) it may freely transfer the LLC Interest, (b) a percentage of profit and/or amount or type of consideration will be realized as a result of an investment in the LLC Interest, (c) past performance or experience on the part of the Members represented in the LLC or their respective Affiliates in any way indicates a predictable result from the ownership of the LLC Interest or of the overall LLC business or that of its Subsidiaries, (d) any cash distributions from LLC operations or otherwise will be made to the Members represented by any specific date or will be made at all, or (e) any specific tax benefits will accrue as a result of an investment in the LLC.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.), Limited Liability Company Agreement (Condor Hospitality Trust, Inc.)

AutoNDA by SimpleDocs

No Representations by LLC. No Neither the Manager, any agent or employee of the LLC or of the Manager, or any other Person has at any time expressly or impliedly implicitly represented, guaranteed, guaranteed or warranted to it the Member that (a) it the Member may freely transfer the LLC Membership Interest, (b) that a percentage of profit and/or amount or type of consideration will be realized as a result of an investment in the LLC Membership Interest, (c) that past performance or experience on the part of the Members represented in the LLC Manager or their respective its Affiliates or any other Person in any way indicates a the predictable result from results of the ownership of the LLC Membership Interest or of the overall LLC business or business, that of its Subsidiaries, (d) any cash distributions from LLC operations or otherwise will be made to the Members represented by any specific date or will be made at all, or (e) that any specific tax benefits will accrue as a result of an investment in the LLC.

Appears in 2 contracts

Samples: Operating Agreement (Molecular Imaging Corp), Operating Agreement (Molecular Imaging Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.