Common use of Preexisting Relationship or Experience Clause in Contracts

Preexisting Relationship or Experience. The Member has a preexisting personal or business relationship with the Company or its Members, or by reason of the Member's business or financial experience, or by reason of the business or financial experience 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 and of protecting the Member's own interests in connection with this investment.

Appears in 2 contracts

Samples: LLC Operating Agreement (BCC Acquisition I LLC), LLC Operating Agreement (BCC Acquisition Ii LLC)

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Preexisting Relationship or Experience. The Such Member has a preexisting personal or business relationship with the Company or one or more of its MembersManagers, officers or control persons, or (ii) by reason of the such Member's ’s business or financial experience, or by reason of the business or financial experience of the such Member's ’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, the such Member is capable of evaluating the risks and merits of an investment in the Company Units and of protecting the such Member's ’s own interests in connection with this investment.. 29

Appears in 1 contract

Samples: Operating Agreement (4 Kids Entertainment Inc)

Preexisting Relationship or Experience. (a) The Member has a preexisting personal or business relationship with the Company or its MembersManager, officers or control persons or (b) by reason of the Member's Member s business or financial experience, or by reason of the business or financial experience of the Member's 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, the Member is capable of evaluating the risks and merits of an investment in the Company its Membership Interest and of protecting the Member's 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. The (i) Such Member has a -------------------------------------- preexisting personal or business relationship with the Company or one or more of its Membersofficers or controlling persons, or (ii) by reason of the Member's its business or financial experience, or by reason of the business or financial experience of the Member's its 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, the Member it is capable of evaluating the risks and merits of an investment in the Company and of protecting the 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. The Such Member has a preexisting personal or business relationship with the Company or its Membersthe Manager, or by reason of the such Member's ’s business or financial experience, or by reason of the business or financial experience 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 such Member is capable of evaluating the risks and merits of an investment in the Company and of protecting the such Member's ’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. The Such Member has a preexisting personal or business relationship with the Company or its Membersthe Manager, or by reason of the such Member's ’s business or financial experience, or by reason of the business or financial experience 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 such Member is capable of evaluating the risks and merits of an investment in the Company and of protecting the such Member's ’s its own interests in connection with this investment.

Appears in 1 contract

Samples: Limited Liability Company Agreement (RiceBran Technologies)

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

Appears in 1 contract

Samples: Operating Agreement (Vans Inc)

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