Common use of Relationships with Affiliates Clause in Contracts

Relationships with Affiliates. The Series may enter into any agreement or contract with the Manager, any Affiliate of the Manager, any other series, any Member, any Affiliate of a Member or any agent of the Manager or the Series without the prior approval of any Member, provided that the agreement or contract must be substantially on terms as would be contained in a similar agreement or contract entered into by the Series as the result of arm’s-length negotiations from a comparable unaffiliated and disinterested third party. Each Member acknowledges that each relationship among the Series, the Manager and/or any Affiliate thereof that is described in any Company budget or other document satisfies the requirements of this Section 4.9.

Relationships with Affiliates. The A Series may enter into any agreement or contract with the Manager, any Affiliate of the Manager, any other series, any Series Member, any Affiliate of a Series Member or any agent of the Manager or the such Series without the prior approval of any Series Member, provided that the agreement or contract must be substantially on terms as would be contained in a similar agreement or contract entered into by the such Series as the result of arm’s-length negotiations from a comparable unaffiliated and disinterested third party. Each Series Member acknowledges that each relationship among the each Series, the Manager and/or any Affiliate thereof that is described in any Company budget or other document satisfies the requirements of this Section 4.94.7.