Transactions with Members and Affiliates. The Company may enter into agreements with one or more Members or Affiliates of a Member to provide leasing, management, legal, accounting, architectural, brokerage, development or other services or to buy, sell or lease assets to or from the Company, provided that any such transactions shall be unanimously approved by all Members and shall be at rates at least as favorable to the Company as those available from unaffiliated parties and terms for providing such services shall be comparable to terms and services generally available in the market. The validity of any transaction, agreement or payment involving the Company and any Member or Affiliate of a Member otherwise permitted hereunder shall not be affected by reason of the relationship between such Person and the Company or any of its Members. Notwithstanding the foregoing, the Members agree that the Management Committee has unanimously approved those agreements set forth on Schedule 2 hereto, together with those certain agreements as may exist by and between Bluegreen or Affiliates of Bluegreen to provide (i) management services to the Big Cedar Owners’ Association at the Big Cedar Timeshare Project, (ii) management services to the Bluegreen Wilderness Club at Long Creek Ranch Condominium Association, Inc. at the Red Rock Bluff Timeshare Project, (iii) title services, including title insurance, and (iv) exchange and/or reservation services respecting use of the Timeshare Projects (to be at the expense of the timeshare user or participant) (“Approved Agreements”). The non-interested Member shall have the right to enforce any agreement entered into pursuant to this Section 7.4 on behalf of the Company.
Transactions with Members and Affiliates. Borrower shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction, agreement or arrangement (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any holder of any Capital Stock or class of equity Securities of Borrower or its Subsidiaries or with any Affiliate of any thereof (including any members thereof) or of any such holder, on terms that are less favorable to Borrower or that Subsidiary, as the case may be, than those that might be obtained at the time from Persons who are not such a holder or Affiliate; provided that the foregoing restriction shall not apply to any transaction between or among Borrower and its Subsidiaries that are expressly permitted under the terms and provisions of this Agreement.
Transactions with Members and Affiliates. The Credit Parties shall not, and shall not permit any of their respective Subsidiaries to, directly or indirectly, enter into or permit to exist any transaction, agreement or arrangement (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any holder of any Capital Stock or class of equity Securities of any Credit Party or with any Affiliate of any Credit Party (including any members thereof) or of any such holder, on terms that are less favorable to such Credit Party or that Subsidiary, as the case may be, than those that might be obtained at the time from Persons who are not such a holder or Affiliate; provided that the foregoing restriction shall not apply to any transaction between or among the Credit Parties that are expressly permitted under the terms and provisions of this Agreement.
Transactions with Members and Affiliates. The Company may enter into agreements with one or more Members or Affiliates of a Member to provide financing, leasing, management, legal, accounting, architectural, brokerage, development, or other services or to buy, sell, or lease assets to or from the Company ("Affiliate Transactions") with a value of less than five thousand dollars ($5,000), provided that any such agreements and transactions shall be disclosed to the Management Committee and be at rates at least as favorable to the Company as those available from unaffiliated parties. Affiliate Transactions with a value of five thousand dollars ($5,000) or more shall require the express written consent of the Chief Executive Officer, or, if the Chief Executive Officer is an Affiliate in the Affiliate Transaction, the consent required shall be that of the next highest unaffiliated officer. The validity of any transaction, agreement, or payment involving the Company and any Member or Affiliate of a Member otherwise permitted hereunder shall not be affected by reason of the relationship between such Person and the Company or any of its Members.
Transactions with Members and Affiliates. Except as set forth on Schedule 3.21, (a) there have been no transactions between the Company and any of its Members or other Affiliates, (b) none of the Members or employees of the Company, or any spouse or relative of any of such Persons, has been a director or officer of, or has had any direct or indirect interest in, any firm, corporation, association or business enterprise which during such period has been a client, customer or agent of the Company or has competed with or been engaged in any business of the kind being conducted by the Business. No Member or other Affiliate of the Company owns or has any rights in or to any of the assets, properties or rights used by the Business in the ordinary course of its business.
Transactions with Members and Affiliates. SUBJECT TO OBTAINING ANY CONSENT EXPRESSLY REQUIRED HEREUNDER, THE MEMBERS MAY APPOINT, EMPLOY, CONTRACT OR OTHERWISE DEAL WITH ANY PERSON, INCLUDING AFFILIATES OF A MEMBER, INDIVIDUALS WITH WHOM A MEMBER IS RELATED, AND WITH PERSONS THAT HAVE A FINANCIAL INTEREST IN A MEMBER OR IN WHICH A MEMBER HAS A FINANCIAL INTEREST, FOR TRANSACTING THE COMPANY'S BUSINESS PROVIDED THAT (I) THE TERMS OF EACH SUCH AGREEMENT ARE NO LESS FAVORABLE THAN THE TERMS OBTAINABLE BY THE COMPANY FROM A COMPARABLE UNAFFILIATED THIRD PARTY, AND (II) NOTICE OF EACH SUCH AGREEMENT, INCLUDING THE IDENTITY OF SUCH PERSON AND THE TERMS THEREOF, IS GIVEN TO THE OTHER MEMBERS.
Transactions with Members and Affiliates. The Company may enter into ---------------------------------------- agreements with any Member or any Affiliate thereof for the provision of property, goods or services to the fullest extent permitted by the Act.
Transactions with Members and Affiliates. The Company may upon a Majority Vote enter into agreements with any Member or any Affiliate thereof for the provision of property, goods or services to the Company, provided that the price and terms for such property, goods or services are no less favorable to the Company than the price and terms for property, goods or services reasonably available from unrelated Persons for comparable property, goods or services in the same geographic area.
Transactions with Members and Affiliates. Nothing herein shall prohibit the Company or any Project Entity from engaging in any transactions with its Members or its or their Affiliates provided the same are arm length transactions on commercially reasonable terms which are no less favorable to the Company or the applicable Project Entity than the terms available from an unrelated third party.
Transactions with Members and Affiliates. The Company may enter into agreements with one or more Members or Affiliates of a Member to provide financing, leasing, management, legal, accounting, architectural, brokerage, development, or other services or to buy, sell, or lease assets to or from the Company ("Affiliate Transactions") with a value of less than twenty-five thousand dollars ($25,000), provided that any such agreements and transactions shall be disclosed to the Management Committee and be at rates at least as favorable to the Company as those available from unaffiliated parties. Affiliate Transactions with a value of twenty-five thousand dollars ($25,000) or more shall require the express written consent of the disinterested representative of the Management Committee or, if there is no such disinterested representative, the Members. The validity of any transaction, agreement, or payment involving the Company and any Member or Affiliate of a Member otherwise permitted hereunder shall not be affected by reason of the relationship between such Person and the Company or any of its Members.
