Directors as Agents. 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. The Observer shall have no authority or right to act on behalf of or bind the Company unless specifically authorized by the Board in each instance.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Natural Resource Partners Lp), Contribution Agreement (Natural Resource Partners Lp)
Directors as Agents. 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. The Observer shall have no authority or right to act on behalf of or bind the Company unless specifically authorized by the Board in each instance.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Acin LLC), Limited Liability Company Agreement (Natural Resource Partners Lp)
Directors as Agents. 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. The Observer shall have no authority or right to act on behalf of or bind the Company unless specifically authorized by the Board in each instance.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp)
