Common use of Limitations on Independent Managers Clause in Contracts

Limitations on Independent Managers. All right, power and authority of each Independent Manager shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement.

Appears in 25 contracts

Samples: Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC), Limited Liability Company Agreement (Duke Energy Progress SC Storm Funding LLC)

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Limitations on Independent Managers. All right, power and authority of each Independent Manager shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this LLC Agreement.

Appears in 20 contracts

Samples: Limited Liability Company Agreement (PG&E Recovery Funding LLC), Limited Liability Company Agreement (Empire District Bondco, LLC), Limited Liability Company Agreement (Evergy Missouri West Storm Funding I, LLC)

Limitations on Independent Managers. All right, power and authority of each the Independent Manager Managers shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement.

Appears in 11 contracts

Samples: Operating Agreement (Entergy New Orleans Inc), Limited Liability Company Operating Agreement (Entergy Louisiana Investment Recovery Funding I, L.L.C.), Limited Liability Company Agreement (Entergy Arkansas Restoration Funding, LLC)

Limitations on Independent Managers. All right, power and authority of each Independent Manager shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this AgreementLLC Agreement and the Independent Manager(s) shall otherwise have no authority to bind the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (NYSEG Storm Funding LLC), Limited Liability Company Agreement (RG&E Storm Funding LLC), Limited Liability Company Agreement (Ameren Missouri Securitization Funding I, LLC)

Limitations on Independent Managers. All rightrights, power powers and authority of each Independent Manager shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Entergy Texas, Inc.), Limited Liability Company Agreement (Entergy Texas, Inc.), Limited Liability Company Agreement (Entergy Texas Restoration Funding II, LLC)

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Limitations on Independent Managers. All right, power and authority of each the Independent Manager Managers shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement.. EXPENSES

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Entergy Texas Restoration Funding, LLC), Limited Liability Company Agreement (Entergy Gulf States Reconstruction Funding I, LLC)

Limitations on Independent Managers. All rightrights, power powers and authority of each the Independent Manager Managers shall be limited to the extent necessary to exercise those rights and perform those duties specifically set forth in this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Cleco Katrina/Rita Hurricane Recovery Funding LLC)

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