Common use of Limitation on Authority of Members Clause in Contracts

Limitation on Authority of Members. No Member shall be an agent of the Fund solely by virtue of being a Member, and no Member shall have authority to act for the Fund solely by virtue of being a Member. Other than the Manager, no Member, regardless of whether authorized to do so by other Members, shall have power to bring suit on behalf of the Fund.

Appears in 8 contracts

Samples: Operating Agreement, Operating Agreement, Operating Agreement

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