Common use of Transactions Between the Company and the Members Clause in Contracts

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19, the Members or their Affiliates may engage in any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such transaction is approved in advance by a majority of the disinterested Directors on the Board.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (FMC Technologies Inc)

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Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members (including the Managing Member) or their Affiliates may engage in any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such transaction is approved in advance by a majority of the disinterested Directors on the BoardManaging Member.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Exopack Holding Corp), Limited Liability Company Agreement (Exopack Advanced Coatings, LLC)

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members or their Affiliates may engage in any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such transaction is approved in advance by a majority of the disinterested Directors on the BoardMembers who have no interest or relationship to such transaction.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and interest, but subject to Section 8.19the terms and conditions of this Agreement, the Members or and the Managers and their respective Affiliates may engage in any transaction (including, without limitation, including the purchase, sale, lease or exchange of any property property, lending funds to the Company, or the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such transaction Company, provided it is approved by the Board and/or the Class A Members in advance by a majority of accordance with the disinterested Directors on the Boardterms hereof.

Appears in 1 contract

Samples: Operating Agreement (Good Times Restaurants Inc)

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members Members, the Manager or their Affiliates may engage in any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company Company) so long as such transaction is at arm’s length and approved in advance by a majority of the disinterested Directors on the BoardMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centerpoint Properties Trust)

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members or and the Manager and their respective Affiliates may engage in any transaction (including, without limitation, including the purchase, sale, lease or exchange of any property or the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company and/or one or more of its subsidiaries so long as such transaction is on arm’s length, commercially reasonable terms, as approved in advance by a majority of the disinterested Directors on Manager, including the Boardtransactions contemplated by Section 3.9.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Dolan Media CO)

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members (including any Manager who is a Member), the Managers or their Affiliates may engage in any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such transaction is approved in advance by a majority of the disinterested Directors on the Board.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Exopack Advanced Coatings, LLC)

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Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members or and/or Manager may, and may cause their Affiliates may to, engage in any transaction with the Company (including, without limitation, the purchase, sale, lease or exchange of any property or property, the lending of money, the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such that transaction is approved in advance not expressly prohibited by a majority of the disinterested Directors on the Boardthis Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members or and/or the Manager may, and may cause their Affiliates may to, engage in any transaction with the Company (including, without limitation, the purchase, sale, lease or exchange of any property or property, the lending of money, the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such that transaction is approved in advance not expressly prohibited by a majority of the disinterested Directors on the Boardthis Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kennedy-Wilson Properties (IL))

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members or their Affiliates may engage in any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such transaction is approved in advance by a majority of the disinterested Directors on the BoardCSG and F45.

Appears in 1 contract

Samples: Limited Liability Company Agreement (F45 Training Holdings Inc.)

Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest and subject to Section 8.19interest, the Members Members, the Managers or their Affiliates may engage in any transaction (including, without limitation, the purchase, sale, lease or exchange of any property or the rendering of any service or the establishment of any salary, other compensation or other terms of employment) with the Company so long as such transaction is approved in advance by a majority all of the disinterested Directors on the BoardMembers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PRETIUM CANADA Co)

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