Common use of Determination by Board Clause in Contracts

Determination by Board. The Board shall determine the amount of capital contribution to be made by any Member, and where the form of the consideration is other than cash, the Board shall, in good faith, determine the value of said consideration.

Appears in 5 contracts

Sources: Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.), Operating Agreement (Erie Shores Emergency Physicians, Inc.)