Common use of Preexisting Relationship or Experience Clause in Contracts

Preexisting Relationship or Experience. Such Member has a preexisting personal or business relationship with the Company or the Manager, or by reason of such Member’s business or financial experience, such Member is capable of evaluating the risks and merits of an investment in the Company and of protecting such Member’s own interests in connection with this investment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (RiceBran Technologies)

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Preexisting Relationship or Experience. Such (a) The Member has a preexisting personal or business relationship with the Company or its Manager, officers or control persons or (b) by reason of the ManagerMember s business or financial experience, or by reason of such Member’s the business or financial experienceexperience of the Member s financial advisor who is unaffiliated with and who is not compensated, such 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 such Member’s the Member s own interests in connection with this the investment.

Appears in 1 contract

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

Preexisting Relationship or Experience. (i) Such Member has a -------------------------------------- preexisting personal or business relationship with the Company or the Managerone or more of its officers or controlling persons, or (ii) by reason of its business or financial experience, or by reason of such Member’s the business or financial experienceexperience of its financial advisor who is unaffiliated with and who is not compensated, such Member 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 and of protecting such Member’s its own interests in connection with this investment.

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

Preexisting Relationship or Experience. Such Member has a preexisting personal or business relationship with the Company or the Managerone or more of its Members, officers or controlling persons, or by reason of such Member’s 's business or financial experience, or by reason of the business or financial experience of 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, and such Member is capable of evaluating the risks and merits of an investment in the Company and of protecting such Member’s own interests in connection with this investment.

Appears in 1 contract

Samples: Operating Agreement (Vans Inc)

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Preexisting Relationship or Experience. Such Member has a preexisting personal or business relationship with the Company or the Manager, or by reason of such Member’s business or financial experience, such Member is capable of evaluating the risks and merits of an investment in the Company and of protecting such Member’s its own interests in connection with this investment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (RiceBran Technologies)

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