Common use of Limitations on Power of Manager Clause in Contracts

Limitations on Power of Manager. Notwithstanding any other provisions of this Agreement, the Manager shall not have authority hereunder to cause the Company to engage in the following transactions without first obtaining the affirmative vote or written consent of a Majority Interest (or such larger percentage as is specified in this Agreement), the concurrence of the Manager (except where expressly not required) and (except the case of removal of the Manager) the concurrence of any Member materially and adversely affected by the proposed amendment:

Appears in 2 contracts

Samples: Operating Agreement (Freedom Securities Corp /De/), Operating Agreement (Freedom Securities Corp /De/)

AutoNDA by SimpleDocs

Limitations on Power of Manager. Notwithstanding any other provisions the generality of this AgreementSection above, the Manager shall not have authority hereunder to cause the Company to engage in the following transactions without first obtaining the affirmative vote or written consent of a Majority Majority-in-Interest (or such larger percentage as is specified in this Agreement), the concurrence of the Manager (except where expressly not required) and (except the case of removal of the Manager) the concurrence of any Member materially and adversely affected by the proposed amendmentMembers:

Appears in 1 contract

Samples: Operating Agreement of Office And (Gaylord Entertainment Co /De)

Limitations on Power of Manager. Notwithstanding any other provisions of this Agreement, the Manager shall not have authority hereunder to cause the Company to engage in the following transactions matters set forth in Section 4.7 without first obtaining the requisite affirmative vote or written consent of a Majority Interest (or such larger percentage the Members, as is specified in this Agreement), may be required under the concurrence respective provisions of the Manager (except where expressly not required) and (except the case of removal of the Manager) the concurrence of any Member materially and adversely affected by the proposed amendment:Section 4.7.

Appears in 1 contract

Samples: Operating Agreement (American Vantage Companies)

AutoNDA by SimpleDocs

Limitations on Power of Manager. Notwithstanding any other provisions of this Agreement, the Manager shall not have authority hereunder to cause the Company to engage in the following transactions without first obtaining the affirmative vote or written consent of a Majority Interest (or such larger percentage as is specified in this Agreement), the concurrence each of the Manager (except where expressly not required) and (except the case of removal of the Manager) the concurrence of any Member materially and adversely affected by the proposed amendment:Members;

Appears in 1 contract

Samples: Operating Agreement (Panera Bread Co)

Time is Money Join Law Insider Premium to draft better contracts faster.