Preexisting Relationship or Experience. (i) Such Member has a preexisting personal or business relationship with the Company or one or more of its officers, Members or control persons or (ii) by reason of its business or financial experience, or by reason of the business or financial experience 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, such Member is capable of evaluating the risks and merits of an investment in the Membership Interest and of protecting its own interests in connection with this investment.
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.)
Preexisting Relationship or Experience. (ia) Such The Member has a preexisting personal or business relationship with the Company or one or more of its officersManagers, Members officers or control persons or (iib) by reason of its the Member's business or financial experience, or by reason of the business or financial experience of its the Member's financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any affiliate Affiliate or selling agent of the Company, such the Member is capable of evaluating the risks and merits of an investment in the its Membership Interest and of protecting its the Member's own interests in connection with this the investment.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Internetstudios Com Inc), Limited Liability Company Agreement (Internetstudios Com Inc)
Preexisting Relationship or Experience. Either (i) Such such Member has a preexisting personal or business relationship with the Company or one or more of its the Manager, officers, Members or control persons persons, or (ii) by reason of its such Member’s business or financial experience, or by reason of the business or financial experience of its such Member’s financial advisor who is unaffiliated with and who is not compensated, directly or indirectly, by the Company or any affiliate Affiliate or selling agent of the Company, such Member is capable of evaluating the risks and merits of an investment in the Membership Interest Interests and of protecting its such Member’s own interests in connection with this investment.
Appears in 1 contract
Samples: Operating Agreement (Owens Mortgage Investment Fund a Calif LTD Partnership)
Preexisting Relationship or Experience. (i) If Such Member has a preexisting personal or business relationship with the Company or one or more of its officers, Members Managers or control persons or (ii) by reason of its such Member’s business or financial experience, or by reason of the business or financial experience of its such 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, such Member is capable of evaluating the risks and merits of an investment in the Membership Interest and of protecting its such Member’s own interests in connection with this investment.
Appears in 1 contract
Preexisting Relationship or Experience. (i) Such The Member has a preexisting personal or business relationship with the Company or one or more of its officers, Members officers or control persons persons, or (ii) by reason of its the Member’s business or financial experience, or by reason of the business or financial experience of its 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, such the Member is capable of evaluating the risks and merits of an investment in the a Membership Interest and of protecting its the Member’s own interests in connection with this investment.
Appears in 1 contract
Samples: Operating Agreement (Kennedy-Wilson Properties (IL))
Preexisting Relationship or Experience. (i) Such The Member has a preexisting personal or business relationship with the Company or one or more of its officers, Members officers or control persons or the Managers or (ii) by reason of its the Member's business or financial experience, or by reason of the business or financial experience of its 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, such the Member is capable of evaluating the risks and merits of an investment in the Membership Interest and of protecting its the Member's own interests in connection with this investment.
Appears in 1 contract