Expenses and Reimbursement. The Company shall be responsible for all expenses, costs and liabilities arising from the management, organization or operation of the Company in accordance with this Agreement. The Sole Member and the Manager (if different from the Sole Member) shall be entitled to receive prompt reimbursement from the Company to the extent, if any, that they incur any such management expenses, unless such management expenses arose from a material violation of this Agreement, gross negligence, willful misconduct or a knowing violation of criminal law.
Appears in 4 contracts
Samples: Operating Agreement (Composite Technology Corp), Operating Agreement (Composite Technology Corp), Operating Agreement (Composite Technology Corp)
Expenses and Reimbursement. The Company shall be responsible for all expenses, costs and liabilities arising from the management, organization or operation of the Company in accordance with this AgreementAgreement ("Company Expenses"). The Sole Member Manager and the Manager (if different from the Sole Member) Officers shall be entitled to receive prompt reimbursement from the Company to the extent, if any, that they incur any such management expensesCompany Expenses, unless such management expenses Company Expenses arose from a material violation of this Agreement, gross negligence, willful misconduct or a knowing violation of criminal law.
Appears in 4 contracts
Samples: Operating Agreement (Cornerstone Realty Income Trust Inc), Operating Agreement (Apple Suites Inc), Operating Agreement (Cornerstone Realty Income Trust Inc)
Expenses and Reimbursement. The Company shall be responsible for all expenses, costs and liabilities arising from the management, organization or operation of the Company in accordance with this AgreementAgreement (“Company Expenses”). The Sole Member Member, the Board Members and the Manager (if different from the Sole Member) officers shall be entitled to receive prompt reimbursement from the Company to the extent, if any, that they incur any such management expensesCompany Expenses, unless such management expenses Company Expenses arose from a material violation of this Agreement, gross negligence, willful misconduct or a knowing violation of criminal law.
Appears in 3 contracts
Samples: Operating Agreement (Dominion Energy Gas Holdings, LLC), Operating Agreement (Dominion Gas Holdings, LLC), Operating Agreement (Dominion Energy Gas Holdings, LLC)
Expenses and Reimbursement. The Company shall be responsible for all expenses, costs and liabilities arising from the management, organization or operation of the Company in accordance with this AgreementAgreement ("Company Expenses"). The Sole Member Member, the Manager and the Manager (if different from the Sole Member) Officers shall be entitled to receive prompt reimbursement from the Company to the extent, if any, that they incur any such management expensesCompany Expenses, unless such management expenses Company Expenses arose from a material violation of this Agreement, gross negligence, willful misconduct or a knowing violation of criminal law.
Appears in 2 contracts
Samples: Operating Agreement Agreement (JMA Associates, Inc.), Operating Agreement Agreement (JMA Associates, Inc.)
Expenses and Reimbursement. The Company shall be responsible for all expenses, costs and liabilities arising from the management, organization or operation of the Company in accordance with this AgreementAgreement ("Company Expenses"). The Sole Member Member, the Board Members and the Manager (if different from the Sole Member) officers shall be entitled to receive prompt reimbursement from the Company to the extent, if any, that they incur any such management expensesCompany Expenses, unless such management expenses Company Expenses arose from a material violation of this Agreement, gross negligence, willful misconduct or a knowing violation of criminal law.
Appears in 1 contract
