Directors as Agents. The Board, acting as a body pursuant to this Agreement, shall constitute a “manager” for purposes of the Act. No Director, in such capacity, acting singly or with any other Director, shall have any authority or right to act on behalf of or bind the Company other than by exercising the Director’s voting power as a member of the Board, unless specifically authorized by the Board in each instance.
Appears in 24 contracts
Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains Gp Holdings Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp)
Directors as Agents. The Board, acting as a body pursuant to this Agreement, shall constitute a “"manager” " for purposes of the Act. No Director, in such capacity, acting singly or with any other Director, shall have any authority or right to act on behalf of or bind the Company other than by exercising the Director’s 's voting power as a member of the Board, unless specifically authorized by the Board in each instance.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains Resources Inc)
Directors as Agents. The Board, acting as a body pursuant to this ------------------- Agreement, shall constitute a “"manager” " for purposes of the Act. No Director, in such capacity, acting singly or with any other Director, shall have any authority or right to act on behalf of or bind the Company other than by exercising the Director’s 's voting power as a member of the Board, unless specifically authorized by the Board in each instance.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp)
