Common use of Remuneration to Member Clause in Contracts

Remuneration to Member. Except as otherwise authorized in or pursuant to this LLC Agreement, the Members are not entitled to remuneration for acting on business of the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (BMW Fs Securities LLC), Limited Liability Company Agreement (Financial Services Vehicle Trust), Limited Liability Company Agreement (BMW Fs Securities LLC)

AutoNDA by SimpleDocs

Remuneration to Member. Except as otherwise authorized in or pursuant to this LLC Agreement, the Members are not entitled to remuneration for acting on business of the CompanyCompany business.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Franklin Auto Trust 1998 1), Limited Liability Company Agreement (BMW Vehicle Owner Trust 2006-A), Limited Liability Company Agreement (BMW Vehicle Owner Trust 2001-A)

AutoNDA by SimpleDocs

Remuneration to Member. Except as otherwise authorized in or pursuant to this LLC Agreement, the Members are Member is not entitled to remuneration for acting on business of the CompanyCompany business.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Alexanders Inc), Limited Liability Company Agreement (Alexanders Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!