Other Action by Manager. Nothing contained in this Section 10.5 shall limit the authority of the Manager to take such other action as it deems necessary or advisable to protect the Company and the interests of its Members by preserving the Company’s status as a real estate investment trust under the Code.
Appears in 1 contract
Sources: Operating Agreement (Iron Bridge Mortgage Fund, LLC)
Other Action by Manager. Nothing contained in this Section 10.5 Article 6 shall limit the authority of the Manager to take such other action as it deems necessary or advisable to protect the Company and the interests of its Members by preserving preservation of the Company’s status as a real estate investment trust under the Code.
Appears in 1 contract
Sources: Limited Partnership Agreement (Inland Real Estate Corp)