Common use of Transactions with Interested Persons Clause in Contracts

Transactions with Interested Persons. No contract or transaction between the LLC and one or more of its Managers or Members, or between the LLC and any other corporation, partnership, association or other organization in which one or more of its Managers or Members have a financial interest or are directors, managers, partners, stockholders, members or officers, shall be voidable solely for this reason or solely because said Manager or Member was present at, or participated in, the authorization of such contract or transaction if:

Appears in 5 contracts

Samples: Operating Agreement (Arvinas Holding Company, LLC), Operating Agreement (Arvinas Holding Company, LLC), Operating Agreement (Day One Biopharmaceuticals Holding Co LLC)

AutoNDA by SimpleDocs

Transactions with Interested Persons. No Unless entered into in bad faith, no contract or transaction between the LLC and one or more of its Managers Managing Member or Members, or between the LLC and any other corporation, partnership, association or other organization in which one or more of its Managers Managing Member or Members have a financial interest or are directors, managers, partners, stockholders, members Managing Member or officers, shall be voidable solely for this reason or solely because said Manager Managing Member or Member was present at, or participated in, in the authorization of such contract or transaction if:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Burnham Pacific Properties Inc)

Transactions with Interested Persons. No Unless entered into in bad faith, no contract or transaction between the LLC and one or more of its Managers or Members, or between the LLC and any other corporation, partnership, association or other organization in which one or more of its Managers or Members have a financial interest or are directors, managers, partners, stockholders, members Managers or officers, shall be voidable solely for this reason or solely because said Manager or Member was present at, or participated in, in the authorization of such contract or transaction if:.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Synagro Technologies Inc)

AutoNDA by SimpleDocs

Transactions with Interested Persons. No Unless entered into in bad faith, no contract or transaction between the LLC and one or more of its Managers Manager or Members, or between the LLC and any other corporation, partnership, association or other organization in which one or more of its Managers Manager or Members have a financial interest or are directors, managers, partners, stockholders, members Manager or officers, shall be voidable solely for this reason or solely because said the Manager or Member was present at, or participated in, in the authorization of such contract or transaction if:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ridgewood Power Growth Fund /Nj)

Time is Money Join Law Insider Premium to draft better contracts faster.