Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest, 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 by the Managing Member, or if such transaction is with the Managing Member or one of its Affiliates, the written consent of all the disinterested Members. No Member shall be deemed by reason of Section 6.1 to have approved any such transaction.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Aavid Thermalloy Sw LLC), Limited Liability Company Agreement (Aavid Thermalloy Sw LLC), Limited Liability Company Agreement (Aavid Thermalloy Sw LLC)
Transactions Between the Company and the Members. Notwithstanding ------------------------------------------------ that it may constitute a conflict of interest, 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 by the Managing Member, or if such transaction is with the Managing Member or one of its Affiliates, a majority of the written consent votes of all the disinterested Members. No Member shall be deemed by reason of Section 6.1 to have approved any such transaction.. -----------
Appears in 1 contract
Samples: Limited Liability Company Agreement (Petersen Holdings LLC)
Transactions Between the Company and the Members. Notwithstanding that it may constitute a conflict of interest, 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 by the Managing Member, or if such transaction is with the Managing Member or one of its Affiliates, a majority of the written consent votes of all the disinterested Members. No Member shall be deemed by reason of Section 6.1 to have approved any such transaction.. -----------
Appears in 1 contract
Samples: Limited Liability Company Agreement (Petersen Holdings LLC)
