Limitations on Powers. The Manager shall not have any power, right or authority to take any action requiring Member approval as set forth in Section 16 in the absence of the requisite Member approval.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Helpful Alliance Co), Limited Liability Company Agreement (First Union Real Estate Equity & Mortgage Investments)
Limitations on Powers. The Manager shall not have any power, right or authority to take any action requiring Member approval as set forth in Section 16 hereof in the absence of the requisite Member approval.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Prologis Trust), Limited Liability Company Agreement (Prologis Trust)
Limitations on Powers. The Manager shall not have any power, right or authority to take any action requiring Member approval as set forth in Section 16 this Agreement in the absence of the requisite Member approval.
Appears in 1 contract
Samples: Limited Liability Company Agreement (JMB 245 Park Avenue Associates LTD)
