Common use of Member Access Clause in Contracts

Member Access. A Member and the Member’s authorized representative shall have the right, upon reasonable demand for any purpose reasonably related to the Member’s Membership Interest as a member of the Company or Series (as reasonably determined by the Manager) to such information pertaining to the Company as a whole and to each Series in which such Member has Membership Interests, as provided in the Act; provided, that prior to such Member having the ability to access such information, the Manager shall be permitted to require such Member to enter into a confidentiality agreement in form and substance reasonably acceptable to the Manager. For the avoidance of doubt, a Member shall only have access to the information (including any Series Offering) referenced with respect to any Series in which such Member is a Member for that Series’ Membership Interests and not to any Series in which such Member does not have an interest, so long as it does not violate another Member’s right to privacy or confidentiality. The exercise of such rights will be at the requesting Member’s expense. LIMITED LIABILITY COMPANY OPERATING AGREEMENT FORTE INVESTMENT FUND, LLC

Appears in 5 contracts

Sources: Limited Liability Company Operating Agreement (Forte Investment Fund, LLC), Limited Liability Company Operating Agreement (Forte Investment Fund, LLC), Limited Liability Company Operating Agreement (Forte Investment Fund, LLC)

Member Access. A Member and the Member’s authorized representative shall have the right, upon reasonable demand for any purpose reasonably related to the Member’s Membership Interest as a member of the Company or Series (as reasonably determined by the Manager) to such information pertaining to the Company as a whole and to each Series in which such Member has Membership Interests, as provided in the Act; provided, that prior to such Member having the ability to access such information, the Manager shall be permitted to require such Member to enter into a confidentiality agreement in form and substance reasonably acceptable to the Manager. For the avoidance of doubt, a Member shall only have access to the information (including any Series Offering) referenced with respect to any Series in which such Member is a Member for that Series’ Membership Interests and not to any Series in which such Member does not have an interest, so long as it does not violate another Member’s right to privacy or confidentiality. The exercise of such rights will be at the requesting Member’s expense. LIMITED LIABILITY COMPANY OPERATING AGREEMENT FORTE INVESTMENT FUND, LLC.

Appears in 3 contracts

Sources: Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC), Limited Liability Company Operating Agreement (Concreit Series LLC)