Limitations on Powers of Manager and Officers. Notwithstanding the authority granted to the Managers and the officers in this Article IV, without the prior written approval of the Member, neither the Managers nor any officer shall have any authority to: (a) Do any act in contravention of the Certificate, this Agreement or the Act; (b) Admit a person as a Member of the Company; (c) Cause or permit the Company to redeem or repurchase any Interest; (d) Sell all or substantially all of the assets of the Company in a single transaction or series of related transactions; (e) Cause or permit the Company to merge or consolidate with any other entity; or (f) Terminate or dissolve the Company, except as provided in Article VI.
Appears in 19 contracts
Samples: Operating Agreement (CSL Capital, LLC), Operating Agreement (CSL Capital, LLC), Operating Agreement (CSL Capital, LLC)
Limitations on Powers of Manager and Officers. Notwithstanding the authority granted to the Managers and the officers in this Article IV, without the prior written approval of the Member, neither the Managers nor any officer shall have any authority to:
(a) Do any act in contravention of the CertificateArticles, this Agreement or the Act;
(b) Admit a person as a Member of the Company;
(c) Cause or permit the Company to redeem or repurchase any Interest;
(d) Sell all or substantially all of the assets of the Company in a single transaction or series of related transactions;
(e) Cause or permit the Company to merge or consolidate with any other entity; or
(f) Terminate or dissolve the Company, except as provided in Article VI.
Appears in 5 contracts
Samples: Operating Agreement (Hosted Solutions Charlotte, LLC), Operating Agreement (Windstream NuVox Arkansas, Inc.), Operating Agreement (Windstream NuVox Arkansas, Inc.)
Limitations on Powers of Manager and Officers. Notwithstanding the authority granted to the Managers and the officers in this Article IV, without the prior written approval of the Member, neither the Managers nor any officer shall have any authority to:
(a) Do any act in contravention of the Certificate, this Agreement or the Act;
(b) Admit a person as a Member of the Company;
(c) Cause or permit the Company to redeem or repurchase any InterestCompany Interests;
(d) Sell all or substantially all of the assets of the Company in a single transaction or series of related transactions;
(e) Cause or permit the Company to merge or consolidate with any other entity; or
(f) Terminate or dissolve the Company, except as provided in Article VISection 7.2(b).
Appears in 5 contracts
Samples: Operating Agreement (Windstream Lexcom Wireless, LLC), Operating Agreement (Windstream Lexcom Wireless, LLC), Operating Agreement (Windstream Lexcom Wireless, LLC)
Limitations on Powers of Manager and Officers. Notwithstanding the authority granted to the Managers and the officers in this Article IV, without the prior written approval of the MemberMembers, neither the Managers nor any officer shall have any authority to:
(a) Do any act in contravention of the Certificate, this Agreement or the Act;
(b) Admit a person as a Member of the Company;
(c) Cause or permit the Company to redeem or repurchase any Interest;
(d) Sell all or substantially all of the assets of the Company in a single transaction or series of related transactions;
(e) Cause or permit the Company to merge or consolidate with any other entity; or
(f) Terminate or dissolve the Company, except as provided in Article VI.
Appears in 2 contracts
Samples: Operating Agreement (CSL Capital, LLC), Operating Agreement (Windstream NuVox Arkansas, Inc.)
