Common use of Preexisting Relationship or Experience Clause in Contracts

Preexisting Relationship or Experience. (S)he has a preexisting personal or business relationship with the Company or one or more of its Members, or by reason of his or her business or financial experience (s)he is capable of evaluating the risks and merits of an investment in the Company and of protecting his or her own interests in connection with this investment.

Appears in 38 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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Preexisting Relationship or Experience. (S)he a) The Member has a preexisting personal or business relationship with the Company or one its Manager, officers or more control persons or (b) by reason of its Membersthe Member’s business or financial experience, or by reason of his or her the business or financial experience (s)he of the Member’s financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any Affiliate or selling agent of the Company, the Member is capable of evaluating the risks and merits of an investment in the Company its Membership Interest and of protecting his or her the Member’s own interests in connection with this the investment.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Global Clean Energy Holdings, Inc.), Limited Liability Company Agreement (Global Clean Energy Holdings, Inc.)

Preexisting Relationship or Experience. (S)he i) It has a preexisting personal or business relationship with the Company Company, the Manager or one or more of its Memberscontrol persons or (ii) by reason of its business or financial experience, or by reason of his or her the business or financial experience (s)he of its financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any affiliate or selling agent of the Company, it is capable of evaluating the risks and merits of an investment in the Company Membership Interest and of protecting his or her its own interests in connection with this investment.

Appears in 1 contract

Samples: Operating Agreement (Panera Bread Co)

Preexisting Relationship or Experience. (S)he i) It has a preexisting personal or business relationship with the Company Company, Manager or one control persons or more (ii) by reason of its Membersbusiness or financial experience, or by reason of his or her the business or financial experience (s)he of its financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any affiliate or selling agent of the Company, it is capable of evaluating the risks and merits of an investment in the Company Membership Interest and of protecting his or her its own interests in connection with this investment.

Appears in 1 contract

Samples: Operating Agreement (Saint Andrews Golf Corp)

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Preexisting Relationship or Experience. (S)he i) It has a preexisting personal or business relationship with the Company or one the Committee Members or more control persons or (ii) by reason of its Membersbusiness or financial experience, or by reason of his or her the business or financial experience (s)he of its financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any affiliate or selling agent of the Company, it is capable of evaluating the risks and merits of an investment in the Company Membership Interest and of protecting his or her its own interests in connection with this investment.

Appears in 1 contract

Samples: Operating Agreement (United Leisure Corp)

Preexisting Relationship or Experience. (S)he i) It has a preexisting personal or business relationship with the Company Company, the Controlling Member or one or more of its Memberscontrol persons or (ii) by reason of its business or financial experience, or by reason of his or her the business or financial experience (s)he of its financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any affiliate or selling agent of the Company, it is capable of evaluating the risks and merits of an investment in the Company Membership Interest and of protecting his or her its own interests in connection with this investment.

Appears in 1 contract

Samples: Operating Agreement (Panera Bread Co)

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