Common use of Actions of the Manager Clause in Contracts

Actions of the Manager. The Manager has the power to bind the Company as provided in this Article 7. No act of a Shareholder in contravention of such determination shall bind the Company to Persons having knowledge of such determination. Notwithstanding such determination, the act of the Manager for the purpose of apparently carrying on the ordinary business or affairs of the Company, including the exercise of the authority indicated in this Article, shall bind the Company. No Person dealing with the Company shall have any obligation to inquire into the power or authority of the Manager acting on behalf of the Company.

Appears in 1 contract

Samples: Operating Agreement (ServiceMaster Consumer Services Limited Partnership)

AutoNDA by SimpleDocs

Actions of the Manager. The Manager has the power to bind the Company as provided in this Article 76. No act of a Shareholder in contravention of such determination shall bind the Company to Persons having knowledge of such determination. Notwithstanding such determination, the The act of the Manager Manager, for the purpose of apparently carrying on in the ordinary usual way the business or affairs of the Company, including the exercise of the authority indicated in this ArticleArticle 6, shall bind the Company. No Person Company and no person dealing with the Company shall have any obligation to inquire into the power or authority of the such Manager acting on behalf of the Company.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

Actions of the Manager. The Manager has the power to bind the Company as provided in this Article 76. No act of a Shareholder in contravention of such determination shall bind the Company to Persons having knowledge of such determination. Notwithstanding such determination, the The act of the Manager for the purpose of apparently carrying on in the ordinary usual way the business or affairs of the Company, including the exercise of the authority indicated in this ArticleArticle 6, shall bind the Company. No Company and no Person dealing with the Company shall have any obligation to inquire into the power or authority of the such Manager acting on behalf of the Company; provided, however, if the act of the Manager violates this Agreement, the Manager shall be fully liable for such act.

Appears in 1 contract

Samples: Operating Agreement (Fortress Group Inc)

AutoNDA by SimpleDocs

Actions of the Manager. The Manager has the power to bind the Company as provided in this Article 7ARTICLE 8. No The act of a Shareholder in contravention of such determination shall bind the Company to Persons having knowledge of such determination. Notwithstanding such determination, the act of the Manager for the purpose of apparently carrying on the ordinary usual business or affairs of the Company, including the exercise of the authority indicated in this ArticleARTICLE 8, shall bind the Company. No Person , and no person dealing with the Company shall have any obligation to inquire into the power or authority of the Manager acting on behalf of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (MacKenzie Realty Capital, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!