Limitations on Manager’s Authority. Unless otherwise permitted in this Agreement, the Manager shall only have the power or authority to cause the Company to take any of the following actions with written approval of a Majority Interest: (a) Cause the Company to be a party to a merger, or an exchange or acquisition of the type described in §00-00-000 of the Georgia Act; (b) Cause the Company to engage in any business activities or lines of business other than pursuant to its purpose described in Section 3.01 hereof; (c) Cause the Company to enter into any payment or compensation transaction with a Member or its Affiliate; (d) Take any action under Article XIII hereof; or (e) The undertaking, generally, to do any act which is in contravention of this Operating Agreement.
Appears in 7 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
