Common use of Other Contribution Provisions Clause in Contracts

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, with the Consent of the Managing Member, one or more Members may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given (or is treated as having received) a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash cash, and such the Member had contributed the such cash that the Member would have received to the capital of the Company. In addition, with the Consent consent of the Managing Member, in its sole discretion, one or more Members may enter into contribution agreements with the Company Company, in the form of a guarantee or contribution agreement, which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, with the Consent consent of the Managing Member, one or more Members (including CLNS Credit) may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the CompanyCompany in accordance with the principles promulgated in proposed Regulations section 1.704-1. In addition, with the Consent consent of the Managing Member, one or more Members (including the Managing Member) may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, with the Consent consent of the Managing MemberBoard, one or more Members may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-wholly owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the CompanyCompany in accordance with the principles promulgated in proposed Treasury Regulations Section 1.704-1. In addition, with the Consent consent of the Managing MemberManager, one or more Members (including the Manager) may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account issued Units in exchange for services rendered to the Company, unless otherwise determined by the Board in its sole and absolute discretion, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, solely with the Consent consent of the Managing MemberBoard, one or more Members may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company, and received Class A Units with a Value equal to the sum contributed to the Company. In addition, with the Consent consent of the Operating Managing Member, one or more Members (including any Special Member) may enter into a contribution agreements agreement with the Company which have has the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, with the Consent consent of the Managing Member, one or more Members (including CLNS) may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, with the Consent consent of the Managing Member, one or more Members (including BrightSpire Capital) may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account in exchange for services rendered to the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, with the Consent consent of the Managing Member, one or more Members (including CLNY) may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member Person is admitted to as a Member of the Company and is given receives a Capital Account in exchange for consideration of the provision of services rendered to or for the benefit of the Company, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, with the Consent consent of the Managing MemberManager, one or more Members (including the Parent) may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).

Other Contribution Provisions. In the event that any Member is admitted to the Company and is given a Capital Account issued Units in exchange for services rendered to the Company, unless otherwise determined by the Managing Member in its sole and absolute discretion, such transaction shall be treated by the Company and the affected Member as if the Company had compensated such partner Member in cash and such Member had contributed the cash that the Member would have received to the capital of the Company. In addition, solely with the Consent consent of the Managing Member, one or more Members may enter into contribution agreements with the Company which have the effect of providing a guarantee of certain obligations of the Company (and/or a wholly-owned Subsidiary of the Company).