Contracts with Members. No Member shall cause or permit the Company or any Subsidiary Entity or Outside Partnership to engage or pay any compensation to a Member or any Affiliate of a Member for the provision of services to the Company or any Subsidiary Entity or Outside Partnership.
Contracts with Members. The Company may engage in business with, or enter into one or more agreements, leases, contracts or other arrangements for the furnishing to or by the Company of funds, goods, services or space with, any Member or Affiliate of a Member, and may pay reasonable compensation in connection with such business, funds, goods, services or space. Contracts with Members or Affiliates of Members, at the discretion of the Managing Member, need not be in writing.
Contracts with Members. By action of the Management Committee, the Company may enter into contracts with a Member or any of its members, employees, agents, or Affiliates on terms no more favorable than those afforded to unrelated third parties. The validity of any transaction, agreement or payment involving the Company and a Member or its Affiliate will not be affected by reason of the relationship between the Company and the Member, employee, agent or Affiliate of the Member. Note that antitrust issues can be raised by certain supermajority provisions. For example, provisions giving one or both joint venturers an effective veto over capacity expansions, output levels, etc. could be problematic, especially if the parent companies would compete absent the joint venture but creation of the joint venture itself is allowed because of the efficiencies it produces.
Contracts with Members. Member companies will provide services to the Company as required in support of the operations of the Company. Specifically, GLA will provide consulting, technical, and engineering services on a contract basis on terms mutually agreed to between the Company and GLA. Other services provided to the Company shall be approved by both Members, neither of whom shall unreasonably withhold their consent relative to such contracts associated with the services. Slack Hills will provide accounting and. administration support to the Company. All services provided by the Members or their affiliates will be provided to the Company at industry and market based rates and practices, except to the extent the consideration for such services is provided for by separate agreements. Any payment in excess of $25,000 shall be reviewed and authorized by a Member other than the Member being paid.
Contracts with Members. Subject to Section 6.02(k), the LLC may ---------------------- engage in business with, or enter into one or more agreements, leases, contracts or other arrangements for the furnishing to or by the LLC of goods, services or space with any Manager, any Member or any Affiliate of a Manager or Member, and may pay compensation in connection with such business, goods, services or space, on such terms and conditions as the Board of Managers may in its sole discretion determine; provided that any such agreement between the LLC and a Member or an Affiliate of such Member, that the other Member believes is not an arms-length terms or does not contain customary terms and conditions, must be approved by at least one of the Managers elected by the other Member.
Contracts with Members. Any transaction or contract between the Company and the Manager, a Member or any Affiliate of the Manager or Member is hereby authorized by the Members provided that: (a) the transaction with the Company represents the fair market value of the property or services furnished to or provided by the Company; (b) the terms of the transaction are no less favorable than the terms that could be obtained by the Company in an arms’ length transaction; (c) the transaction is beneficial to and appropriate in the conduct of the Company’s business; (d) the transaction between the Company and the Manager, Member or Affiliate of the Manager or Member complies with the terms of this Agreement; and (e) the terms of each such transaction are fully disclosed to the Members. Notwithstanding the foregoing, each Member agrees that it shall not enter into any agreement with the Company or FinTech if such agreement or contract includes terms applicable to any Other FinTech Shares held by such Member or such Member’s allocated Private Placement Units or Founder Shares that are more favorable than the terms of this Agreement or the Letter Agreement, as each may be amended or restated from time to time, applicable to the Private Placement Units and Founder Shares held by the Company.
Contracts with Members. Subject to the terms of Section 19 below, the LLC may engage in business with, or enter into one or more agreements, leases, contracts or other arrangements for the furnishing to or by the LLC of goods, services or space with the Member or an affiliate of a Member, and may pay compensation in connection with such business, goods, services or space, provided in each case the amounts payable thereunder are reasonably comparable to those that would be payable to unaffiliated persons under similar agreements, and, if the Manager determines in good faith that such amounts are so comparable, such determination shall be conclusive absent manifest error.
Contracts with Members. By action of the Board of Directors pursuant to Section 5.4(k), the Company may enter into Contracts with a Member or any of its members, employees, agents, or Affiliates. The validity of any transaction, agreement or payment involving the Company and a Member or its Affiliate will not be affected by reason of the relationship between the Company and the Member, member, employee, agent or Affiliate of the Member. Specifically, the Company intends to enter into certain of the Definitive Agreements with Shenyang or its Affiliates and with Affiliates of Cielo Wind Power, LP.
Contracts with Members. In addition to the Ancillary Agreements, the LLC may engage in business with, or enter into one or more agreements, leases, contracts or other arrangements for the furnishing to or by the LLC of goods, services or space with any Member or any affiliate of a Member, and may pay compensation in connection with such business, goods, services or space, provided in each case that the relevant agreement, lease, contract or other arrangement or transaction is, to the extent required under Section 4.01(b), approved by a Majority in Interest of the Members in accordance with the provisions of such Section 4.01(b).
Contracts with Members. With the approval of the Board in each case, the Company may engage in business with, or enter into one or more agreements, leases, contracts or other arrangements for the furnishing to or by the Company of goods, services or space with any Member or Affiliate of a Member, and may pay compensation in connection with such business, goods, services or space, provided in each case the amounts payable thereunder are reasonably comparable to those that would be payable to unaffiliated Persons under similar agreements, and if the determination of such amounts is made in good faith it shall be conclusive absent manifest error.
