Limitations on Power of Members. Notwithstanding any other provisions of this Agreement, no debt or liability of more than may be contracted on behalf of the Company without the approval of the majority of Membership Interests. The signature of Members is required to sign contracts and obligations on behalf of the Company. Additionally, the unanimous approval of the Members must be obtained prior to:
Appears in 5 contracts
Samples: Operating Agreement, Operating Agreement, LLC Operating Agreement
Limitations on Power of Members. Notwithstanding any other provisions of this Agreement, no debt or liability of more than $2,500.00 may be contracted on behalf of the Company without the approval of the majority of Membership Interests. The Members and the signature of 2 Members is required to sign contracts and obligations on behalf of the Company. Additionally, no Member shall have authority to cause the unanimous Company to engage in the following transactions without first obtaining the approval of Members holding a majority of the Members must be obtained prior toMembership Interests:
Appears in 1 contract
Samples: Operating Agreement
