Transactions Between a Member or Manager and the Company. Except as otherwise provided by applicable law, any Member or a Manager 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 or a Manager.
Appears in 2 contracts
Samples: Operating Agreement (Smart Move, Inc.), Operating Agreement (Smart Move, Inc.)
Transactions Between a Member or Manager and the Company. Except as otherwise provided by applicable law, any Member or a Manager may, but shall will 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 or a Manager.
Appears in 2 contracts
Samples: Master Contribution and Sale Agreement (Forest City Enterprises Inc), Master Contribution and Sale Agreement (Forest City Enterprises Inc)
Transactions Between a Member or Manager and the Company. Except as otherwise provided by applicable lawApplicable Law and this Agreement, any Member or a Manager 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 or a Manager.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
