Common use of Limitation on Actions of Members; Binding Authority Clause in Contracts

Limitation on Actions of Members; Binding Authority. No Member shall take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s assets, except in a manner and to the extent consistent with the provisions of this Agreement.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Medalist Diversified REIT, Inc.), Limited Liability Company/Joint Venture Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

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Limitation on Actions of Members; Binding Authority. No Member shall shall, without the prior written consent of the other Members, take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s assets, except in a manner and to the extent consistent with the provisions of this Agreement.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Limitation on Actions of Members; Binding Authority. No Member shall (in its capacity as such) shall, without the prior written consent of the Manager, take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s 's assets, except in a manner and to the extent consistent with the provisions of this Agreement and any Collateral Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Limitation on Actions of Members; Binding Authority. No Member shall (in its capacity as such) shall, without the prior written consent of the Manager, take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s assets, except in a manner and to the extent consistent with the provisions of this Agreement and any Collateral Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Limitation on Actions of Members; Binding Authority. No Member shall shall, without the prior written consent of the other Members, take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s 's assets, except in a manner and to the extent consistent with the provisions of this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.), Limited Liability Company Agreement (Bluerock Enhanced Multifamily Trust, Inc.)

Limitation on Actions of Members; Binding Authority. No Member shall take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s 's assets, except in a manner and to the extent consistent with the provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

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Limitation on Actions of Members; Binding Authority. No Member shall have any right to participate in the management, business, activities or day-to-day affairs of the business, or to take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s assets, except in a manner and to the extent consistent with the provisions of this AgreementAgreement or as otherwise required under the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

Limitation on Actions of Members; Binding Authority. No Member shall shall, without the prior written consent of the other Members, take any action on behalf of, or in the name of, the Company, or enter into any contract, agreement, commitment or obligation binding upon the Company, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or the Company’s assets, except in a manner and to the extent consistent with the provisions of this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Trinity Place Holdings Inc.)

Limitation on Actions of Members; Binding Authority. No Member shall (in its capacity as such) shall, without the prior written consent of the Manager, take any action on behalf of, or in the name of, the CompanyCompany or any Subsidiary, or enter into any contract, agreement, commitment or obligation binding upon the CompanyCompany or any Subsidiary, or, in its capacity as a Member or Manager of the Company, perform any act in any way relating to the Company or any Subsidiary or the Company’s assetsassets of the Company or any Subsidiary, except in a manner and to the extent consistent with the provisions authority specifically granted by another provision of this Agreement, the Project Administration Agreement or the Development Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Bluerock Residential Growth REIT, Inc.)

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