Common use of Actions of the Managing Member Clause in Contracts

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.

Appears in 9 contracts

Samples: Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Limited Liability Company Operating Agreement (Dvi Receivables Corp Viii), Operating Agreement (Dvi Receivables Corp Viii)

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Actions of the Managing Member. The Managing Member has the power to bind the Company as provided in this Article VIIIVII. 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.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC), Limited Liability Company Operating Agreement (Charter Equipment Lease 1998-1 LLC)

Actions of the Managing Member. The Except as provided in Section 4 of this Article VII, the Managing Member has the power to bind the Company as provided in this Article VIIIVII. No Person person dealing with the Company shall will have any obligation to inquire into the power or authority of the Managing Member acting on behalf of the Company.

Appears in 1 contract

Samples: Operating Agreement (Sentex Sensing Technology Inc)

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Actions of the Managing Member. The Managing Member has Member(s) have 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 Member(s) acting on behalf of the Company. If there is more than one Managing Member, the Managing Members shall manage the Company by the affirmative vote of a majority of the Managing Members.

Appears in 1 contract

Samples: Operating Agreement

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