Common use of Authority of Members Clause in Contracts

Authority of Members. Members (in their capacities as Members) shall not have authority to act for or to bind the Company except such authority as may from time-to-time be specifically granted or approved in writing by all Members. No Member (in the capacity as a Member) shall have the authority to sign agreements or other instruments on behalf of the Company or to otherwise act as an authorized agent or other representative of the Company except as such Member shall have been specifically authorized as provided in this Agreement.

Appears in 5 contracts

Samples: Operating Agreement (Us Xpress Enterprises Inc), Operating Agreement (Hunt J B Transport Services Inc), Operating Agreement (MS Carriers Inc)

AutoNDA by SimpleDocs

Authority of Members. Members (No Member shall have any power or authority, in their capacities such Member’s capacity as Members) shall not have authority a Member, to act for or to bind the Company except to the extent that such authority as may from time-to-time be specifically granted or approved Member is so authorized in writing prior thereto by all Membersthe Board. No Member (in Without limiting the capacity generality of the foregoing, no Member, as a Member) shall such, shall, except as so authorized, have the any power or authority to sign agreements incur any liability or execute any instrument, agreement or other instruments document for or on behalf of the Company Company, whether in the Company’s name or to otherwise act as an authorized agent or other representative of the Company except as such Member shall have been specifically authorized as provided in this Agreementotherwise.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Lazard LTD)

AutoNDA by SimpleDocs

Authority of Members. Except for a Person who is a Member and also a Manager or officer of the Company, no Member shall be entitled to participate in or vote in matters involving the management or the business of the Company, all such authority being vested in the Board and the officers of the Company. The Members (shall be entitled to exercise only those rights specifically granted to them in their capacities as Members) shall not have authority to act for this Agreement or to bind the Company except vote on such authority matters as may from time-to-time be specifically granted submitted to them by the Board in its discretion or approved in writing as is otherwise required by all Members. No Member (in the capacity as a Member) shall have the authority to sign agreements this Agreement or other instruments on behalf of the Company or to otherwise act as an authorized agent or other representative of the Company except as such Member shall have been specifically authorized as provided in this Agreementapplicable law.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Winvest Group LTD)

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