Common use of Actions of the Managing Member Clause in Contracts

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.

Appears in 10 contracts

Samples: Company Agreement (BlueRiver Acquisition Corp.), Limited Liability Company Agreement (Rani Therapeutics Holdings, Inc.), Operating Agreement (Enfusion, Inc.)

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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 the 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 the Managing Member of the Company by agreement, as a result of the performance of its duties hereunder or otherwise.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Redbox Entertainment Inc.)

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