Common use of Related Party Transactions Clause in Contracts

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, and neither the Company, nor the Member, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director or such director’s Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.

Appears in 92 contracts

Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC)

AutoNDA by SimpleDocs

Related Party Transactions. The fact that a directormanager, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, and neither the Company, nor the Member, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director manager or such directormanager’s Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.

Appears in 19 contracts

Samples: Operating Agreement (Triad of Oregon, LLC), Operating Agreement (Hospital of Fulton, Inc.), Operating Agreement (Hospital of Fulton, Inc.)

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, and neither the Company, nor any of the MemberInterest Holders, shall have any rights in or to any income or profits derived therefromthere from. All such dealings with a director or such director’s Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.

Appears in 12 contracts

Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Hospital of Fulton, Inc.)

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, and neither the Company, nor the Member, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director or officer or such director’s 's or officer's Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.

Appears in 2 contracts

Samples: Operating Agreement (BHC Meadows Partner Inc), Operating Agreement (BHC Meadows Partner Inc)

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, and neither the Company, nor the MemberMembers, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director or such director’s 's Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.

Appears in 2 contracts

Samples: Operating Agreement (BHC Meadows Partner Inc), Limited Liability Company Agreement (BHC Meadows Partner Inc)

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation company employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation company or from otherwise dealing with him or it, and neither the Company, nor the Member, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director or such director’s 's Affiliates will be on terms terms, which are competitive and comparable with amounts charged by independent third parties.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (BHC Meadows Partner Inc), Limited Liability Company Agreement (BHC Meadows Partner Inc)

AutoNDA by SimpleDocs

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, and neither the Company, nor the Member, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director or such director’s Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.. Table of Contents

Appears in 1 contract

Samples: Limited Liability Company Agreement (Longview Clinic Operations Company, LLC)

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, and neither the Company, nor the Member, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director or such director’s Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Longview Clinic Operations Company, LLC)

Related Party Transactions. The fact that a director, officer or their Affiliates are directly or indirectly interested in or connected with any person, firm or corporation employed by the Company to render or perform a service, or to or from whom the Company may purchase, sell or lease property, shall not prohibit the Company from employing such person, firm or corporation or from otherwise dealing with him or it, . and neither the Company, nor the The Member, shall have any rights in or to any income or profits derived therefrom. All such dealings with a director or such director’s Affiliates will be on terms which are competitive and comparable with amounts charged by independent third parties.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC)

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