Limitations on Power of Managers. 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 all of the Members and of the Manager, except that the matters specified in (v) and (xiii) shall just require the vote of a Majority Interest and the concurrence of the Manager.
Limitations on Power of Managers. Notwithstanding any other -------------------------------- provisions of this Agreement, no debt or liability of more than $10,000 may be contracted on behalf of the Company except by the written consent of all Managers. Additionally, the Managers 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 all of the Members: (i) The sale, exchange or other disposition of all, or substantially all, of the Company's assets occurring as part of a single transaction or plan, or in multiple transactions over a twelve (12) month period, except in the orderly liquidation and winding up of the business of the Company upon its duly authorized dissolution;
Limitations on Power of Managers. Notwithstanding any other provisions of this Agreement, the Board of Managers 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 any Qualified Member:" and, except as so amended, the Operating Agreement of HH Preferred Member as in effect immediately prior to the Effective Time shall continue to be the operating agreement of the Surviving Entity until thereafter amended in accordance with its terms and applicable law.
Limitations on Power of Managers. Notwithstanding any other provisions of this Agreement, no debt or liability of more than Ten Thousand Dollars ($10,000.00) may be contracted on behalf of IMMERSION except by the written consent of a majority of the Managers. Additionally, the Managers shall not have authority hereunder to cause IMMERSION to engage in the following transactions without first obtaining the affirmative vote or written consent of a Majority Interest (or all of the Members to the extent required by Article 5.3B(ii)):
Limitations on Power of Managers. 15 5.4 Performance of Duties; Liability of Manager............................................. 16
Limitations on Power of Managers. Notwithstanding any other provisions of this Agreement, no debt, liability or expenditure of more than $100,000 may be contracted or made on behalf of the Company in the ordinary course of business except by the written consent of all Managers, and no debt, liability or expenditure of more than $25,000 may be contracted or made on behalf of the Company outside the ordinary course of business except with the written consent of all Managers. Additionally, the Managers 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 all of the Members.
Limitations on Power of Managers. Without the consent of all of the members of the Board of Managers and each of the Members of the Company, the Company shall not:
Limitations on Power of Managers. The Managers shall not have authority hereunder to cause the Company to engage in the following transactions without first obtaining the unanimous vote or written consent of all of the Members:
Limitations on Power of Managers. The Managers shall not have authority 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 greater percentage interests set forth below) of the Members: The merger of the Company with another limited liability company, corporation or limited partnership shall require the affirmative vote or written consent of Members holding a majority interest; provided, in no event shall a Member be required to become a general partner in a merger with a limited partnership without such Member's express written consent or unless the agreement of merger provides each Member with dissenter's rights. Any act which would make it impossible to carry on the ordinary business of the Company. The acquisition of any real or personal property by the Company which is to be held in the name of any person other than the Company. Any other transaction described in this Agreement as requiring the vote, consent, or approval of the Members.
