Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member.
Appears in 69 contracts
Samples: Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Arrived Debt Fund, LLC)
Personal Conduct Repurchase Right. (a) In the event that a Member Shareholder fails to conform its personal conduct to common and accepted standards of good citizenship or conducts himself/herself/itself in a way that reflects poorly upon the Company, as determined by the Manager MANAGING MEMBER or BOARD OF DIRECTORS in his/its sole, but good faith, discretion, the Manager MANAGING MEMBER or BOARD OF DIRECTORS may elect, at his/its sole discretion, to cause the Company COMPANY to repurchase all, but not less than all, of the Shares held by such MemberShareholder.
Appears in 9 contracts
Samples: Operating Agreement (Strategic Hotel Ventures, LLC), Operating Agreement (Century West Multifamily Income Reit, LLC), Operating Agreement (Anabasis Real Estate Investment Trust, LLC)
Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares Units held by such Member.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund LLC), Limited Liability Company Agreement (Birgo Reiturn Fund Manager LLC)
Personal Conduct Repurchase Right. (a) In Subject to the terms and conditions of the Redemption Plan, in the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member.
Appears in 7 contracts
Samples: Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise eFund, LLC), Operating Agreement (Fundrise National for-Sale Housing eFund, LLC)
Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager Board in its sole, but good faith, discretion, the Manager Board may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Invest 1, LLC), Limited Liability Company Agreement (Jamestown Atlanta Invest 1, LLC)
Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager in its sole, but good faith, discretion, the Manager may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares Bits held by such Member.
Appears in 3 contracts
Samples: Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC), Operating Agreement (Building Bits Properties I, LLC)
Personal Conduct Repurchase Right. (a) In the event that a Member Shareholder fails to conform its personal conduct to common and accepted standards of good citizenship citizenship, or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager Board in its sole, but good faith, discretion, the Manager Board may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares held by such MemberShareholder.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (REI Capital Growth LLC), Limited Liability Company Operating Agreement (REI Capital Growth LLC)
Personal Conduct Repurchase Right. (a) In the event that a Member fails to conform its personal conduct to common and accepted standards of good citizenship or conducts itself in a way that reflects poorly upon the Company, as determined by the Manager Board in its sole, but good faith, discretion, the Manager Board may elect, at its sole discretion, to cause the Company to repurchase all, but not less than all, of the Shares Units held by such Member.
Appears in 1 contract
Samples: Operating Agreement (Roots Real Estate Investment Community I, LLC)
