Sale of Assets to Affiliates. The Company shall not sell or lease assets to the Sponsor, a Manager, the Directors or any of their Affiliates without a determination by a majority of the Board of Directors (including a majority of the Independent Directors) not otherwise interested in the transaction, that such transaction is fair and reasonable to the Company.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC), Limited Liability Company Operating Agreement (CNL Strategic Capital, LLC)
Sale of Assets to Affiliates. The Company shall not sell or lease assets to the Sponsor, a Managerthe Advisor, the Directors or any of their Affiliates without a determination by a majority of the Board of Directors (including a majority of the Independent Directors) not otherwise interested in the transaction, that such transaction is fair and reasonable to the Company.
Appears in 6 contracts
Samples: Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC), Limited Liability Company Operating Agreement (Greenbacker Renewable Energy Co LLC)
Sale of Assets to Affiliates. The Company shall not sell or lease assets Assets to the Sponsor, a Managerthe Advisor, the Directors Managers or any of their Affiliates without a determination by a majority of the Board of Directors Managers (including a majority of the Independent DirectorsManagers) not otherwise interested in the transaction, that such transaction is fair and reasonable to the Company.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC), Limited Liability Company Operating Agreement (TriLinc Global Impact Fund LLC)
