TRANSACTIONS BETWEEN AFFILIATES. (1) The Bank may, directly or indirectly, pay money or its equivalent to or for the benefit of, or extend credit in any form to or for the benefit of, its affiliates, or transfer assets between the Bank and its affiliates, or enter into or engage in any transaction that obligates the Bank to do the same only after:
TRANSACTIONS BETWEEN AFFILIATES. Without limiting any other provisions in this Agreement, and to the fullest extent permitted by applicable law, the Members agree that the Manager shall have the absolute and sole discretion to make decisions related to the Company’s commercial relationships with Affiliates of the Manager or any of the Company’s officers, and any such relationships shall not constitute “corporate waste”, shall not violate the principles of good faith and fair dealing, and shall not otherwise give rise to any liability of Manager or the Company’s officers to the Company or the Company’s Members, provided, however, that any such commercial relationships shall be on terms no less favorable than terms offered by third parties and negotiated in an arm’s length transaction.
