Transaction With the Company. Subject to any limitations set forth in this LLC Agreement, including without limitation, Section 2.6 hereof, the Managing Member may lend money to, act as a surety, guarantor or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with the Company. Subject to this LLC Agreement and applicable law, the Managing Member has the same rights and obligations with respect to any transaction with the Company as a Person who is not a member or manager.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (BMW Fs Securities LLC), Limited Liability Company Agreement (Financial Services Vehicle Trust), Limited Liability Company Agreement (BMW Auto Leasing LLC)
Transaction With the Company. Subject to any limitations set forth in this LLC Agreement, including without limitation, Section 2.6 hereof, the Managing Member may lend money to, act as a surety, guarantor or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with the Company. Subject to this LLC Agreement and applicable law, the Managing Member has the same rights and obligations with respect to any transaction with the Company as a Person person or entity who is not a member or manager.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (BMW Vehicle Owner Trust 2006-A), Limited Liability Company Agreement (Franklin Auto Trust 1998 1), Limited Liability Company Agreement (FCC Receivables Corp)
