Transactions with the Company. This Agreement shall not be construed in any manner to preclude any Member (or Affiliate of any Member) from (a) lending money to, (b) borrowing money from, (c) acting as a surety, guarantor or endorser for, (d) guaranteeing or assuming one or more obligations of, (e) providing collateral for or (f) transacting other businesses with, the Company or its Subsidiaries, to the extent approved by the Executive 36 32 Committee and not in violation of Section 4.3(a)(vi) or 4.5(d). Any Member performing any of the transactions set forth in this Section 5.2 with the approval of the Executive Committee (or all the Managers) to the extent required by the provisions of Section 4.3(a) hereof) shall have the same rights and obligations with respect to any such transaction as a Person who is not a Member.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (Alter Robert A), Limited Liability Company Agreement (Westbrook Real Estate Partners LLC)
Transactions with the Company. This Agreement shall not ----------------------------- be construed in any manner to preclude any Member (or Affiliate of any Member) from (a) lending money to, (b) borrowing money from, (c) acting as a surety, guarantor or endorser for, (d) guaranteeing or assuming one or more obligations of, (e) providing collateral for or (f) transacting other businesses with, the Company or its Subsidiaries, to the extent approved by the Executive 36 32 Committee and not in violation of Section 4.3(a)(vi) or 4.5(d). Any Member performing any of the transactions set forth in this Section 5.2 with the approval of the Executive Committee (or all the Managers) to the extent required by the provisions of Section 4.3(a) hereof) shall have the same rights and obligations with respect to any such transaction as a Person who is not a Member.
Appears in 1 contract
Sources: Limited Liability Company Agreement (Sunstone Hotel Investors Inc)