Common use of SELF-DEALING Clause in Contracts

SELF-DEALING. Unless entered into in bad faith, no contract or transaction between the Company and any of its Members, officers, or employees, or between the Company and any other entity or organization in which any of its Members, officers, or employees have a financial interest or are owners, managers, partners, directors, officers, or employees, shall be voidable solely for this reason or solely because such Member, officer, or employee was present or participated in the authorization of such contract or transaction. No Member, officer, or employee interested in such contract or transaction, because of such interest, shall be considered to be in breach of this Agreement or liable to the Company or any other Person for any loss or expense incurred by reason of such contract or transaction or shall be accountable for any gain or profit realized from such contract or transaction. While not required, approval or ratification by a majority of the Members having no interest in the transaction constitutes conclusive evidence that such transaction is permitted under this section.

SELF-DEALING. Unless entered into in bad faith, no contract or transaction between the Company and any one or more of its Members, officers, or employees, or between the Company and any other entity or organization in which any one or more of its Members, officers, or employees have a financial interest or are owners, managers, partners, directors, officers, or employees, shall be voidable solely for this reason or solely because such Member, officer, or employee was present or participated in the authorization of such contract or transaction. No Member, officer, or employee interested in such contract or transaction, because of such interest, shall be considered to be in breach of this Agreement or liable to the Company or any other Person person for any loss or expense incurred by reason of such contract or transaction or shall be accountable for any gain or profit realized from such contract or transaction. While not required, approval or ratification by a majority of the Members having no interest in the transaction constitutes conclusive evidence that such a transaction is permitted under this section.

SELF-DEALING. Unless entered into in bad faith, no contract or transaction between the Company and any one or more of its Members, officers, or employees, or between the Company and any other entity or other organization in which any one or more of its Members, officers, or employees have a financial interest or are owners, managers, partners, directors, officers, or employees, shall be voidable solely for this reason or solely because such Member, officer, or employee was present or participated in the authorization of such contract or transaction. No Member, officer, or employee interested in such contract or transaction, because of such interest, shall be considered to be in breach of this Agreement or liable to the Company or any other Person for any loss or expense incurred by reason of such contract or transaction or shall be accountable for any gain or profit realized from such contract or transaction. While not required, approval Approval or ratification by a majority of the Members members having no interest in the transaction constitutes conclusive evidence that such transaction is permitted under this section, but shall not be required.

SELF-DEALING. Unless entered into in bad faith, no contract or transaction between the Company and any one or more of its Members, Managers or officers, or employees, or between the Company and any other entity or organization in which any one or more of its Members, officersManagers, or employees officers have a financial interest or are owners, managers, partners, directors, officers, or employees, shall be voidable solely for this reason or solely because such Member, officer, Managers or employee officer was present or participated in the authorization of such contract or transaction. No Member, officerManager, or employee officer interested in such contract or transaction, because of such interest, shall be considered to be in breach of this Agreement or liable to the Company or any other Person Member for any loss or expense incurred by reason of such contract or transaction or shall be accountable for any gain or profit realized from such contract or transaction. While not required, approval or ratification by a majority of the Members having no interest in the transaction constitutes conclusive circumstantial evidence that such transaction is permitted under this section.