Actions of the Managing Member Sample Clauses

Actions of the Managing Member. The Managing Member has the power to bind the Company as provided in this Article VIII. No Person dealing with the Company shall have any obligation to inquire into the power or authority of the Managing Member acting on behalf of the Company.
AutoNDA by SimpleDocs
Actions of the Managing Member. Unless otherwise provided in this Agreement, any decision, action, approval or consent required or permitted to be taken by the Managing Member may be taken by the Managing Member through any Person or Persons to whom authority and duties have been delegated pursuant to Section 5.4(a). The Managing Member shall not cease to be a Managing Member of the Company as a result of the delegation of any duties hereunder. No officer or agent of the Company, in its capacity as such, shall be considered a Managing Member of the Company by agreement, as a result of the performance of its duties hereunder or otherwise.
Actions of the Managing Member. The Managing Member may act through any Officer or through any other Person or Persons to whom authority and duties have been delegated pursuant to Section 6.07.
Actions of the Managing Member. A decision, act, consent or ------------------------------ instruction of the Managing Member shall constitute a decision of all Members as to any matter relating to the Escrow Fund and claims made in respect thereof and shall be final, binding and conclusive upon each such Member, and the Escrow Agent and FiberNet, Holdco, Merger Sub and Devnet Merger Sub may rely upon any decision, act, consent or instruction of the Managing Member as being the decision, act, consent or instruction of each and every such Member. The Escrow Agent, FiberNet, Holdco, Merger Sub and Devnet Merger Sub are hereby relieved from any liability to any person for any acts done by them in accordance with such decision, act, consent or instruction of the Managing Member. All of the rights of the Members as third party beneficiaries to this Agreement are subject to the provisions of Exhibit H attached hereto, which Exhibit H shall govern rights and obligations as between the Members and Managing Member. This Agreement and the Escrow Agreement have been entered into by the Managing Member in reliance upon the provisions set forth in Exhibit H. Neither Holdco, FiberNet, Merger Sub, Devnet Merger Sub nor Devnet shall have any rights or obligations under Exhibit H.
Actions of the Managing Member. Any decision or action required or permitted to be made or taken by the Managing Member requires the consent or approval of a majority of those Persons serving as the Managing Member unless the consent or approval of more than a majority is otherwise required by this Agreement. The Managing Member may take or approve any action without a meeting, without prior notice, and without a vote, if consented to or approved in writing, by electronic communication or by any other means permitted by law.

Related to Actions of the Managing Member

  • Actions of the Manager The Manager may act through any Officer or through any other Person or Persons to whom authority and duties have been delegated pursuant to Section 6.07.

  • Representations of the Manager The Manager represents, warrants and agrees that:

  • Duties of the Manager (a) The Manager shall, subject to the direction and control of the Trust’s Board of Trustees (i) (except to the extent an investment subadviser (each, a “Subadviser”), as defined below, has been retained in respect of some or all of the assets of the Fund) furnish continuously an investment program for the Fund and make investment decisions on behalf of the Fund and place all orders for the purchase and sale of portfolio securities; and (ii) provide reports on the foregoing to the Board of Trustees at each Board meeting.

  • Expenses of the Manager The Manager shall be responsible for the following expenses:

  • Powers of the Manager (a) The Manager shall have no power to enter into any contract for or on behalf of the Company or otherwise subject it to any obligation, such power to be the sole right and obligation of the Company, acting through its Board of Directors and/or the Company’s officers.

Time is Money Join Law Insider Premium to draft better contracts faster.