Common use of Authority of the Member Clause in Contracts

Authority of the Member. Except as otherwise provided in this Agreement, the Member shall not participate in the management or control of the Company’s business, transact any business for the Company, or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Managers and the Officers of the Company.

Appears in 13 contracts

Samples: Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.), Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.), Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.)

AutoNDA by SimpleDocs

Authority of the Member. Except as otherwise provided in this Agreement, the The Member shall not not, except in its capacity as a Manager or officer, participate in the management or control of the Company’s business, transact any business for the Company, or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Managers and the Officers of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.), Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.), Limited Liability Company Agreement (North American Airlines, Inc.)

Authority of the Member. Except The Member shall not, except in its capacity as otherwise a Manager or officer or as expressly provided in under the terms of this Agreement, the Member shall not participate in the management or control of the Company’s business, transact any business for the Company, or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Managers and the Officers of the Company.

Appears in 3 contracts

Samples: Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.), Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.), Limited Liability Company Operating Agreement (Advanced Prosthetics of America, Inc.)

AutoNDA by SimpleDocs

Authority of the Member. Except as otherwise provided in this Agreement, the Member shall not participate in the management or control of the Company’s 's business, transact any business for the Company, or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Managers and the Officers of the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Hadco Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!