Common use of Vendor Bias Clause in Contracts

Vendor Bias. The Administrator shall not recommend to the LLC or the Managing Member in connection with the Administrator’s performance of services any products or services of an individual or entity (including affiliates of the Administrator) from which the Administrator may receive a financial incentive based on (a) the Administrator’s recommendation of the product or service to the LLC or the Managing Member or (b) the LLC’s or the Managing Member’s purchase of the product or service, unless, in each case, the Administrator first discloses in writing to the LLC and the Managing Member the nature of the relationship and the specific terms of any financial incentive the Administrator may receive.

Appears in 4 contracts

Samples: Administration Agreement, Amendment Agreement, Administration Agreement

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