Common use of Standard of Operations Clause in Contracts

Standard of Operations. The Manager shall, to the extent ---------------------- practicable, consistent with its responsibilities and those of the Company under this Agreement, and adhering to professional lending and credit standards, manage the Company with a view towards maximizing the monetary value to the Members (taken as a whole) of the Company as an operating entity independent from its Members. Notwithstanding the foregoing, if the Manager is also a Member, nothing in this provision shall be construed so as to impose an economic obligation on such Member other than that imposed on Members generally under this Agreement.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Point West Capital Corp), Limited Liability Company Agreement (Point West Capital Corp)

Standard of Operations. The Manager shall, to the extent ---------------------- ----------------------- practicable, consistent with its responsibilities and those of the Company under this Agreement, and adhering to professional lending and credit standards, manage the Company with a view towards maximizing the monetary value to the Members (taken as a whole) of the Company as an operating entity independent from its Members. Notwithstanding the foregoing, if the Manager is also a Member, nothing in this provision shall be construed so as to impose an economic obligation on such Member other than that imposed on Members generally under this Agreement.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Point West Capital Corp)