Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to Section 5.2, any Member may, but shall not be obligated to, transact business with the Company and has the same rights and obligations when transacting business with the Company as a person or entity who is not a Member. A Member, any Affiliate thereof or an employee, stockholder, agent, director or officer of a Member or any Affiliate thereof, may also be an employee or be retained as an agent of the Company. The existence of these relationships and acting in such capacities will not result in such Member being deemed to be participating in the control of the business of the Company or otherwise affect the limited liability of such Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.)
Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to Section 5.2law, any Member may, but shall not be obligated to, lend money to the Company, act as surety for the Company and transact other business with the Company and has the same rights and obligations when transacting business with the Company as a person or entity who is not a Member. A Member, any Affiliate thereof or an employee, stockholder, agent, director or officer of a Member or any Affiliate thereof, may also be an employee or be retained as an agent of the Company. The existence of these relationships and acting in such capacities will not result in such the Member being deemed to be participating in the control of the business of the Company or otherwise affect the limited liability of such the Member.
Appears in 2 contracts
Samples: Operating Agreement (Brimfield Precision LLC), Operating Agreement (Enterprise Financial Services Corp)
Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to Section 5.2law, any Member may, but shall not be obligated to, lend money to the Company, act as surety for the Company and transact other business with the Company and has the same rights and obligations when transacting business with the Company as a person or entity who is not a Member. A Member, any Affiliate thereof or an employee, stockholder, agent, director or officer of a Member or any Affiliate thereofAffiliate, may also be an employee or be retained as an agent of the Company. The existence of these relationships and acting in such capacities will not result in such the Member being deemed to be participating in the control of the business of the Company or otherwise affect the limited liability of such the Member.
Appears in 2 contracts
Samples: www.dietrichlaw.com, s3.amazonaws.com
Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to Section 5.2law, any Member may, but shall not be obligated to, lend money to the Company, act as surety for the Company and transact other business with the Company and has the same rights and obligations when transacting business with the Company as a person or entity who is not a Member. A Member, any Affiliate thereof or an employee, stockholder, agent, director director, or officer of a Member or any Affiliate thereof, may also be an employee or be retained as an agent of the Company. The existence of these relationships and acting in such capacities will not result in such the Member being deemed to be participating in the control of the business of the Company or otherwise affect the limited liability of such the Member.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Western Wind Energy Corp)
Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to Section 5.2law, any Member may, but shall not be obligated to, lend money to the Company, act as surety for the Company and transact other business with the Company and has the same rights and obligations when transacting business with the Company as a person or entity who is not a Member. A Member, any Affiliate thereof or an employee, stockholder, agent, director or officer of a Member or any Affiliate thereof, may also be an employee or be retained as an agent of the Company. The existence of these relationships and acting in such capacities will not result in such the Member being deemed to be participating in the control of the business of the Company or otherwise affect the limited liability of such the Member.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Alliance Pharmaceutical Corp)