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

Transactions Between a Member or Manager and the Company. Except as otherwise provided by applicable law, any Member or Manager may, but shall not be obligated to, enter into the transactions described in Sections 1.9(c) and 1.9(d) and transact other business with the Company and has the same rights and obligations when transacting such 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.

Transactions Between a Member or Manager and the Company. Except as otherwise provided by applicable law, any Member or Manager may, but shall not be obligated to, enter into the transactions described in Sections 1.9(c), 1.9(d) and 1.9(d1.9(e) and transact other business with the Company and has the same rights and obligations when transacting such business with the Company as a Person or entity who is not a MemberMember or Manager. A MemberMember or Manager, any Affiliate thereof or an employee, stockholder, agent, director, director or officer of a Member or Manager or any Affiliate thereof, may also be an employee or be retained as an agent of the Company.. 5.9