Common use of Limitations on Members Clause in Contracts

Limitations on Members. Other than as specifically provided for in this Agreement or the Act, no Member shall have the authority or power to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, or to incur any expenditures, debts, liabilities or obligations on behalf of or with respect to the Company or any other Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

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Limitations on Members. Other than as specifically provided for in this Agreement or the Act, no No Member shall have the authority or power in its capacity as a Member to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, or to incur any expenditures, debts, liabilities or obligations expenditures on behalf of or with respect to the Company Company. No Manager shall hold out or represent to any other third party that any Member has any such right or power in its capacity as a Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ignis Petroleum Group, Inc.)

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Limitations on Members. Other than Except as specifically otherwise provided for ---------------------- in this Agreement or the ActAgreement, no Member shall have the authority or power in his, her or its capacity as a Member to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, Member or to incur any expenditures, debts, liabilities or obligations expenditures on behalf of or with respect to the Company or any other MemberCompany.

Appears in 1 contract

Samples: Operating Agreement (Greenmountain Com Co)

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