Compensation to Members for additional service duties
Compensation to Members. No Member (including Administrative Member) shall be paid a fee by the Company or reimbursed for any out of pocket costs and expenses incurred by it on behalf of the Company, without the express written approval of the Members and the submission by such Member to the Company of reasonable supporting documentation therefor; it being the expectation of the Members that there will be no compensation or reimbursement paid by the Company to any Member (including Administrative Member, except as provided in Section 10.6). Any commissions, fees, interest or other compensation, authorized under this Agreement or approved by the Members, to be paid by the Company to a Member or an Affiliate of a Member shall constitute an expense of the Company and shall be payable to such Member or its Affiliate, as the case may be, on the same basis and with the same priority as any other amounts payable by the Company to third party creditors; provided that when dealing with a Member or an Affiliate of a Member, the provisions of Section 8.2 shall apply. With respect to the payment of all such commissions, fees, interest or other compensation, the relationship between the Company and such Member (or its Affiliate, as the case may be) shall be that of debtor and creditor.
Compensation to Members. By Extraordinary Resolution of the Members, the Company shall have authority to pay to any Member reasonable compensation for said Member's services to the Company. It is understood that the salary paid to any Member under the provisions of this Section shall be determined without regard to the income of the Company and shall be considered as an operating expense of the Company and shall be deducted as an expense item in determining the net profits and losses of the Company.
