Common use of Acts by Members Clause in Contracts

Acts by Members. Except for rights vested in the Members, neither Member shall take, or commit the Company to take, any action, either in its own name in respect of the Company or in the name of the Company, unless the Sole Member and Managing Member has approved the same, under the authority granted herein.

Appears in 4 contracts

Samples: Operating Agreement (Pacific Export Resources, LLC), Operating Agreement (Pacific Export Resources, LLC), Operating Agreement (Eacc Camps Inc)

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Acts by Members. Except for rights vested in the Members, neither Member shall take, or commit the Company to take, any action, either in its own name in respect of the Company or in the name of the Company, unless the Sole Member and Managing Member has approved the same, under the authority granted herein.

Appears in 3 contracts

Samples: Operating Agreement (Pacific Export Resources, LLC), Operating Agreement (Eacc Camps Inc), Operating Agreement (Eacc Camps Inc)

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