Common use of Approval of any transactions Clause in Contracts

Approval of any transactions. outside the ordinary course of the Company's business (including, without limitation, the approval of any long-term development agreement) or any transaction in which a Manager has an interest. In addition, the University Counsel of the Member shall be delegated the reserved power of approving the appointment of legal counsel for the Company.

Appears in 2 contracts

Sources: Operating Agreement, Operating Agreement

Approval of any transactions. outside the ordinary course of the Company's business (including, without limitation, the approval of any long-term development agreement) or any transaction in which a Manager has an interest. In addition, the University Counsel of the Member shall be delegated the reserved power of approving the appointment of legal counsel for the Company.

Appears in 1 contract

Sources: Operating Agreement