Both Directors and Members. A Member may, at the same time, be a Director and a Member, or the investment adviser to FEG Absolute Access Fund and a Member, in which event such person’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions hereof and as provided in the Delaware Act and the Company Act. A Director need not be a Member.
Appears in 3 contracts
Samples: Limited Liability Company Operating Agreement (FEG Absolute Access Fund I LLC), Limited Liability Company Operating Agreement (Feg Absolute Access Tei Fund LLC), Limited Liability Company Operating Agreement (Feg Absolute Access Tei Fund LLC)
Both Directors and Members. A Member may, at the same time, be a Director and a Member, or the investment adviser to FEG Absolute Directional Access Fund and a Member, in which event such person’s rights and obligations in each capacity shall be determined separately in accordance with the terms and provisions hereof and as provided in the Delaware Act and the Company Act. A Director need not be a Member.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (FEG Directional Access TEI Fund LLC)
