Common use of Limitation on Authority of Members Clause in Contracts

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. Only the Manager is authorized to act for the Company, and no Member has any authority to act for the Company unless such Member is also serving as Manager. Any Member who takes any action or binds the Company in violation of this Section 5.1.4 shall be solely responsible for any Loss, damage, liability 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, damage, liability or expense.

Limitation on Authority of Members. No Member member is an agent of the Company solely by virtue of being a Member. Except as provided in this Agreement, and no Member has authority to act for shall take part in the Company solely by virtue control, management, direction or operation of being a Member. Only the Manager is authorized to act for Business of the Company, and shall have no Member has power to bind the Company in its capacity as a Member. This Section 4.1 supersedes any authority granted to act for Members pursuant to the Company unless such Member is also serving as ManagerAct. Any Member who that takes any action or binds the Company in violation of this Section 5.1.4 4.1 shall be solely responsible for any Loss, damage, liability 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, damage, liability loss or expense.