Common use of Interested Transactions Clause in Contracts

Interested Transactions. A contract or transaction between the Company and the Managers or the Company’s officers or between the Company and another domestic or foreign association in which the Managers or the Company’s officers have a management role or a financial or other interest, shall not be void or voidable solely for that reason, or solely because such Managers or such officer participates in the authorization of the contract or transaction, if the contract or transaction is fair to the Company as of the time it is authorized, approved or ratified by the Managers or the Members as the case may be, and

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Elk Horn Coal Co LLC)

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Interested Transactions. A contract or transaction between the Company and the one or more of its Managers or the Company’s officers or between the Company and another domestic or foreign association in which the one or more of its Managers or the Company’s officers have a management role or a financial or other interest, shall not be void or voidable solely for that reason, or solely because such Managers the Manager or such officer is present at or participates in the authorization meeting of the Board of Managers that authorizes the contract or transaction, if or solely because the contract or transaction is fair to the Company as vote of the time it Manager or officer is authorizedcounted for that purpose, approved or ratified by the Managers or the Members as the case may be, andif:

Appears in 1 contract

Samples: Operating Agreement

Interested Transactions. A contract or transaction between the Company and the Managers Manager or the Company’s one or more of its officers or between the Company and another domestic or foreign association in which the Managers the-Manager or the Company’s one or more of its officers have a management role or a financial or other interest, shall not be void or voidable solely for that reason, or solely because such Managers the Manager or such officer participates in the authorization of the contract or transaction, if the contract or transaction is fair to the Company as of the time it is authorized, approved or ratified by the Managers or the Members as the case may be, andif:

Appears in 1 contract

Samples: Operating Agreement (Ryerson International Material Management Services, Inc.)

Interested Transactions. A contract or transaction between the Company company and the Managers one or the Company’s officers more of its members or officers, or between the Company company and another domestic or foreign association in which the Managers one or the Company’s more of its members or officers have has a management role or a financial or other interest, shall not be void or voidable solely for that reason, or solely because such Managers the member or such officer is present at or participates in the authorization meeting of the members that authorizes the contract or transaction, if or solely because the contract or transaction is fair to the Company as vote of the time it member is authorizedcounted for that purpose, approved or ratified by the Managers or the Members as the case may be, andif:

Appears in 1 contract

Samples: Operating Agreement

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Interested Transactions. A contract or transaction between the Company and the Managers its Manager or the Company’s officers or between the Company and another domestic or foreign association in which the Managers its Manager or the Company’s officers have a management role or a financial or other interest, shall not be void or voidable solely for that reason, or solely because such Managers the Manager or such officer is present at or participates in the authorization of the contract or transaction, if a meeting that authorizes the contract or transaction is fair to the Company as of the time it is authorized, approved or ratified by the Managers or the Members as the case may be, andif:

Appears in 1 contract

Samples: Operating Agreement (Noble Advisors, LLC)

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