Common use of Self Interest Clause in Contracts

Self Interest. A Member does not violate any duty or obligation to the Company merely as a result of engaging in conduct that furthers the interest of the Member. A Member may lend money or transact other business with the Company, and, in this case, the rights and obligations of the Member will be the same as those of a person who is not a Member, so long as the loan or other transaction has been approved or ratified by the Members. Unless otherwise provided by applicable law, a Member with a financial interest in the outcome of a particular action is nevertheless entitled to vote on such action.

Self Interest. A The Member does not violate any duty or obligation to the Company merely as a result of engaging in conduct that furthers the interest of the Member. A ” The Member may lend money or transact other business with the Company, and, in this case, the and rights and obligations of the Member will be the same as those of a person who is not a Member, so long as member of the loan or other transaction has been approved or ratified by the Members. Unless otherwise provided by applicable law, a Member with a financial interest in the outcome of a particular action is nevertheless entitled to vote on such action.Company”