Compensation of the Managing Member. The Managing Member will not be entitled to any compensation for services rendered to the Company solely in its capacity as Managing Member, except with respect to reimbursement of expenditures pursuant to Section 6.1.
Appears in 8 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Clipper Realty Inc.), Limited Liability Company Agreement (Clipper Realty Inc.)
Compensation of the Managing Member. The Managing Member will shall not be entitled to any compensation for services rendered to the Company solely in its capacity as Managing Member, Member except with respect to reimbursement of expenditures pursuant to Section 6.1for those costs and expenses constituting Administrative Expenses.
Appears in 6 contracts
Samples: Operating Agreement (General Growth Properties, Inc.), Operating Agreement (New GGP, Inc.), Operating Agreement (New GGP, Inc.)
Compensation of the Managing Member. The Managing Member will not be entitled to any compensation for services rendered to the Company solely in its capacity as 38 Managing Member, Member except with respect to reimbursement of expenditures pursuant to Section 6.1.
Appears in 2 contracts
Samples: Registration Rights Agreement (Forest City Enterprises Inc), Registration Rights Agreement (Forest City Enterprises Inc)
Compensation of the Managing Member. The Managing Member will shall not be entitled to any compensation for services rendered to the Company solely in its capacity as Managing Member, except with respect to for reimbursement of expenditures pursuant to Section 6.1for costs and expenses actually incurred by it as provided in this Agreement.
Appears in 2 contracts
Samples: Contribution Agreement, Contribution Agreement (Blush Acquisition Corp)
