Transfer Guidelines. The Manager shall use reasonable best efforts to be eligible for the 100-partner private placement safe harbor (within the meaning of Regulations Section 1.7704-1(h), and shall have the discretion to establish reasonable transfer guidelines in order to comply with any of the safe harbor provisions of Regulations Section 1.7704-1, as it reasonably determines to be necessary based on the advice of counsel.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Caliburn International Corp), Operating Agreement (GreenSky, Inc.), Operating Agreement (GreenSky, Inc.)
