Limitation on Authority of Members. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. This Section 4.10 supersedes any authority granted to the Members by the Act. Any Member who takes any action or binds the Company in violation of this Operating Agreement shall be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense.
Appears in 5 contracts
Samples: Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc), Operating Agreement (LHC Group, Inc)
Limitation on Authority of Members. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. This Section 4.10 6.4 supersedes any authority granted to the Members by pursuant to the Act. Any Member who takes any action or binds the Company in violation of this Operating Agreement Section 6.4 shall be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Centerpoint Properties Trust), Limited Liability Company Agreement (Centerpoint Properties Trust), Limited Liability Company Agreement (Centerpoint Properties Trust)
Limitation on Authority of Members. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. This Section 4.10 5.1 supersedes any authority granted to the Members by pursuant to the Act. Any Member who that takes any action or binds the Company in violation of this Operating Agreement Section 5.1 shall be solely responsible for any loss and or expense incurred by the Company Company, the other Member or the Manager as a result of the unauthorized action and shall indemnify and hold harmless the Company harmless Company, the other Member and the Manager with respect to the loss or expenseall such losses and expenses.
Appears in 4 contracts
Samples: Operating Agreement (U S Gold Corp), Members' Agreement (U S Gold Corp), Operating Agreement (U S Gold Corp)
Limitation on Authority of Members. 5.1.4.1 No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. .
5.1.4.2 This Section 4.10 section 5.1 supersedes any authority granted to the Members by pursuant to Section 17157 of the Act. Any Member who takes any action or binds the Company in violation of this Operating Agreement section 5.1 shall be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense.
Appears in 3 contracts
Samples: Operating Agreement (InSight Imaging Services Corp.), Operating Agreement (InSight Imaging Services Corp.), Operating Agreement (InSight Imaging Services Corp.)
Limitation on Authority of Members. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. This Section 4.10 5.1 supersedes any authority granted to the Members by pursuant to the Act. Any Member who that takes any action or binds the Company in violation of this Operating Agreement Section 5.1 shall be solely responsible for any loss and or expense incurred by the Company Company, the other Members or the Manager as a result of the unauthorized action and shall indemnify and hold harmless the Company harmless Company, the other Members and the Manager with respect to the loss or expenseall such losses and expenses.
Appears in 1 contract
Samples: Operating Agreement (U S Gold Corp)
Limitation on Authority of Members. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. This Section 4.10 6.4 supersedes any authority granted to the Members by pursuant to the Act. Any Member who takes any action or binds the Company in violation of this Operating Agreement Section 6.4 shall be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense.. SECTION 6.5
Appears in 1 contract
Samples: Limited Liability Company Agreement
Limitation on Authority of Members. No Member is an agent of the Company solely by virtue only because of being a Member, and no Member has authority to act for or bind the Company solely by virtue only because of being a Member. This Section 4.10 8.3 supersedes any agency authority granted to the Members by including pursuant to the provisions of the Act. Any Member who takes any action or binds the Company in violation of this Operating Agreement shall will be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and shall will indemnify and hold the Company harmless with respect to the loss or expense.
Appears in 1 contract
Samples: Operating Agreement
Limitation on Authority of Members. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for the Company solely by virtue of being a Member. This Section 4.10 SECTION 5.1 supersedes any authority granted to the Members by pursuant to the Act. Any Member who that takes any action or binds the Company in violation of this Operating Agreement SECTION 5.1 shall be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense.
Appears in 1 contract
Samples: Members' Agreement (Battle Mountain Gold Exploration Corp.)
