Limitation on Participation in Management. Except as expressly authorized by this Agreement or as expressly required by the Act, the Member, solely by virtue of its status as the Member, shall not participate in the management or control of the Company’s business, transact any business for the Company or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Board and the officers.
Appears in 108 contracts
Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Triad of Oregon, LLC)
Limitation on Participation in Management. Except as expressly authorized by this Agreement or as expressly required by the Act, the no Member, solely by virtue of its his or her status as the a Member, shall not participate in the management or control of the Company’s business, transact any business for the Company or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Board and the officers. No Interest Holder shall have any right to participate in the management or control of the Company’s business.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Triad of Oregon, LLC), Limited Liability Company Agreement (Hospital of Fulton, Inc.), Limited Liability Company Agreement (Hospital of Fulton, Inc.)
Limitation on Participation in Management. Except as expressly authorized by this Agreement or as expressly required by the Act, the Member, solely by virtue of its status as the Member, shall not participate in the management or control of the Company’s business, transact any business for the Company or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Board and the officers. The Member shall not have any right to participate in the management or control of the Company’s business.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC), Limited Liability Company Agreement (Scranton Quincy Hospital Company, LLC), Limited Liability Company Agreement (Community Health Investment CORP)
Limitation on Participation in Management. Except as expressly authorized by this Agreement or as expressly required by the Act, the no Member, solely by virtue of its of, his or her status as the a Member, shall not participate in the management or control of the Company’s business, transact any business for the Company or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Board and the officers. No Interest Holder shall have any right to participate in the management or control of the Company’s business.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Triad of Oregon, LLC)
Limitation on Participation in Management. Except as expressly authorized by this Agreement or as expressly required by the Act, the no Member, solely by virtue of its his or her status as the a Member, shall not participate in the management or control of the Company’s business, transact any business for the Company or have the power to act for or bind the Company, said powers being vested solely and exclusively in the Board and die officers. No Interest Holder shall have any right to participate in the officersmanagement or control of the Company’s business.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Longview Clinic Operations Company, LLC)
Limitation on Participation in Management. Except as expressly authorized by this Agreement or as expressly required by the Act, . the Member, solely by virtue of its status as the Member, shall not participate in the management or control of the Company’s business, transact any business for the Company or have the power to act for or bind the Company, said powers being vested solely solely, and exclusively in the Board and the officers.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Longview Clinic Operations Company, LLC)
