Market Rate. Market Rate means the approximate cost of a good or service under present circumstances if such cost were negotiated at arms’ length, as estimated by the Manager in good faith, based on reasonable assumptions.
Appears in 5 contracts
Samples: Operating Agreement (Cardone REIT I, LLC), Amended Operating Agreement (Cardone REIT I, LLC), Operating Agreement (Cardone Equal Opportunity Fund 2, LLC)
Market Rate. Market Rate means the approximate cost of a good an asset, good, or service under present circumstances if such cost were negotiated at arms’ length, as estimated by the Manager in good faith, based on reasonable assumptions.
Appears in 2 contracts
Samples: Operating Agreement (Central Park Fund 1, LLC), Operating Agreement (Central Park Fund I, LLC)
