Transactions Between the LLC and the Unitholders. Notwithstanding that it may constitute a conflict of interest, the Unitholders or their Affiliates may engage in any transaction (including 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 LLC so long as such transaction is approved by the Board.
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Samples: Limited Liability Company Agreement (Solera Holdings LLC), Limited Liability Company Agreement (Prestige Brands International, Inc.), Limited Liability Company Agreement (Prestige Brands Holdings, Inc.)
Transactions Between the LLC and the Unitholders. Notwithstanding that it may constitute a conflict of interest, the Unitholders or their Affiliates may engage in any transaction (including 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 LLC so long as such transaction is approved by the BoardBoard and, if applicable, the Contributors pursuant to Section 6.7.
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Samples: Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Emmis Communications Corp)
Transactions Between the LLC and the Unitholders. Notwithstanding that it may constitute a conflict of interest, the Unitholders or their respective Affiliates may engage in any transaction (including 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 LLC so long as such transaction is approved by the BoardBoard and contains terms that are at least comparable to an arms-length transaction with an unaffiliated third-party.
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