Common use of Authority of Managers Clause in Contracts

Authority of Managers. Unless specifically authorized by a resolution duly adopted by the Managers, no Manager, solely in his capacity as a Manager, shall have the authority or power to act as agent for or on behalf of the Company or any other Manager, to do any act which would be binding on the Company or any other Manager, to incur any expenditures on behalf of or for the Company, or to execute, deliver and perform any agreements, acts, transactions or other matters on behalf of the Company.

Authority of Managers. Unless Except as set forth below, unless specifically authorized by a resolution duly adopted by the Managers, no Manager, solely in his capacity as a Manager, shall have the authority or power to act as agent for or on behalf of the Company or any other Manager, to do any act which would be binding on the Company or any other Manager, to incur any expenditures on behalf of or for the Company, or to execute, deliver and perform any agreements, acts, transactions or other matters on behalf of the Company.

Authority of Managers. Unless specifically authorized by a resolution duly adopted by the ManagersBoard, no Manager, solely in his or her capacity as a Manager, shall have the authority or power to act as agent for or on behalf of the ofthe Company or any other Manager, to do any act which would be binding on the Company or any other Manager, to incur any expenditures on behalf of or for the Company, or to execute, deliver and perform any agreements, acts, transactions or other matters on behalf of the ofthe Company.

Authority of Managers. Unless specifically authorized by a resolution duly adopted by the Managers, no Each Manager, solely in his or her capacity as a Manager, upon the unanimous vote of the Managers, shall have the authority or power to act as agent for or on behalf of the Company or any other ManagerCompany, to do any act which would be binding on the Company or any other ManagerCompany, to incur any expenditures on behalf of or for the Company, or arid to execute, deliver and perform any agreements, acts, transactions or other matters on behalf of the Company.

Authority of Managers. Unless specifically authorized by a resolution duly adopted by the Managers, no Manager, solely in his capacity as a Manager, The Managers shall not have the authority or power to act as agent for or on behalf of the Company or any other ManagerManager or Member, to do any act which would be binding on the Company or any other ManagerManager or Member, to incur any expenditures on behalf of or for the Company, or to execute, deliver and perform any agreements, acts, transactions or other matters on behalf of the CompanyCompany unless specifically authorized by a resolution duly adopted by a majority of the Managers.