Lack of Authority. Unless delegated such power in accordance with Section 4.5 or as otherwise provided in this Agreement, no Unitholder shall in its capacity as such have the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company, or to make any expenditures on behalf of the Company, and the 26 Unitholders hereby consent to the exercise by the Board of the powers and rights conferred upon them by law and this Agreement. 5.3
Appears in 1 contract
Samples: Limited Liability Company Agreement
Lack of Authority. Unless delegated such power in accordance with Section 4.5 5.7 or as otherwise expressly provided in this Agreement, no Unitholder shall in its capacity as such have Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company, Company or to make any expenditures on behalf of the Company, and the 26 Unitholders Members hereby consent to the exercise by the Board of the powers and rights conferred upon them by law and this Agreement. 5.3.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Lack of Authority. Unless delegated such power in accordance with Section 4.5 5.9 or as otherwise expressly provided in this Agreement, no Unitholder shall in its capacity as such have Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company, Company or to make any expenditures on behalf of the Company, and the 26 Unitholders Members hereby consent to the exercise by the Board of the powers and rights conferred upon them by law and this Agreement. 5.3.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Winvest Group LTD)
Lack of Authority. Unless delegated such power in accordance with Section 4.5 5.3 or as otherwise expressly provided in this Agreement, no Unitholder shall in its capacity as such have Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company, Company or to make any expenditures on behalf of the Company, and the 26 Unitholders Members hereby consent to the exercise by the Board Manager of the powers and rights conferred upon them by law and this Agreement. 5.3.
Appears in 1 contract
Lack of Authority. Unless delegated such power in accordance with Section 4.5 by the Board or as otherwise expressly provided in this Agreement, no Unitholder shall in its capacity as such have Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company, Company or to make any expenditures on behalf of the Company, and the 26 Unitholders Members hereby consent to the exercise by the Board of the powers and rights conferred upon them by law and this Agreement. 5.3.
Appears in 1 contract
Samples: Operating Agreement
Lack of Authority. Unless delegated such power in accordance with Section 4.5 or as otherwise provided in this Agreement, no Unitholder shall in its capacity as such have the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company, or to make any expenditures on behalf of the Company, and the 26 Unitholders hereby consent to the exercise by the Board of the powers and rights conferred upon them by law and this Agreement. 5.3.
Appears in 1 contract