Common use of Transactions Between a Member and the Company Clause in Contracts

Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to the other provisions of this Agreement, 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 equityholder, director, manager, general partner, officer, employee, agent or representative 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 the Member being deemed to be participating in the control of the Business or otherwise affect the limited liability of the Member.

Appears in 2 contracts

Samples: Operating Agreement (OCM HoldCo, LLC), Operating Agreement (OCM HoldCo, LLC)

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Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to the other provisions of this Agreementlaw, any Member maymay in its discretion, but shall not be obligated to, lend money to the Company, act as surety for the Company Company, and transact other business with the Company and Company. A Member has the same rights and obligations when transacting business with the Company as a Person person or entity who is not a Member. A Member, any Affiliate thereof or an equityholderemployee, stockholder, agent, director, manager, general partner, officer, employee, agent or representative 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 the Member being deemed to be participating in the control of the Business business of the Company or otherwise affect the limited liability of the Member.

Appears in 1 contract

Samples: Operating Agreement

Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to the other provisions of or this Agreement, any Member or its Affiliate may, but shall not be obligated to, lend money to the Company, act as surety for the Company and transact or propose to 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 equityholderemployee, directormember, managerstockholder, general partner, officeragent, employee, agent director or representative 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 the Member being deemed to be participating in the control of the Business business of the Company or otherwise affect the limited liability of the Member.

Appears in 1 contract

Samples: Operating Agreement (Anworth Mortgage Asset Corp)

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Transactions Between a Member and the Company. Except as otherwise provided by applicable law and subject to the other provisions of this Agreementas otherwise provided herein, any Member maymay upon the approval of the Members, but shall not be obligated to, lend money to the Company, act as surety for the Company Company, and transact other business with the Company and Company. A Member 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 thereof, or an equityholder, director, manager, general partner, officer, employee, agent stockholder, agent, director or representative 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 the Member being deemed to be participating in the control of the Business business of the Company or otherwise affect the limited liability of the Member.

Appears in 1 contract

Samples: Operating Agreement (Paula Financial)

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