Limits of Company. The relationship between the parties hereto shall be limited to the carrying on of the business of the Company in accordance with the terms of this Agreement. Such relationship shall be construed and deemed to be a limited liability company for the sole and limited purpose of carrying on such business. Except as otherwise provided for or contemplated in this Agreement, nothing herein shall be construed to create a partnership between the Members or to authorize any Member to act as general agent for any other Member.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (New Home Co LLC), Limited Liability Company Agreement (Consolidated Container Co LLC), Limited Liability Company Agreement (Dean Foods Co)
Limits of Company. The relationship between the parties hereto shall to this Agreement will be limited to the carrying on of the business of the Company in accordance with the terms of this Agreement. Such relationship shall will be construed and deemed to be a limited liability company for the sole and limited purpose of carrying on such business. Except as otherwise provided for or contemplated in this Agreement, nothing herein shall will be construed to create a partnership between the Members or to authorize any Member to act as general agent for any the other Member.
Appears in 2 contracts
Samples: Operating Agreement (Perot Systems Corp), Operating Agreement (Perot Systems Corp)
Limits of Company. The relationship between and/or among the parties hereto Members shall be limited to the carrying on of the business of the Company in accordance with the terms of this Agreement. Such relationship shall be construed and deemed to be a limited liability company for the sole and limited purpose of carrying on such business. Except as otherwise provided for or contemplated in this Agreement, nothing herein shall be construed to create a partnership or any other relationship between or among the Members or to authorize any Member to act as general an agent for any other Member.
Appears in 1 contract
Limits of Company. The relationship between the parties hereto shall be limited to the carrying on of the business of the Company in accordance with the terms of this Agreement. Such relationship shall be construed and deemed to be a limited liability company for the sole and limited purpose of carrying on such business. Except as otherwise provided for or contemplated in this Agreement, nothing herein shall be construed to create a partnership between the Members or to authorize any Member to act as general agent for any other Member.. 2 Amended and Restatesd LLC Agreement of TNHC Newport LLC
Appears in 1 contract
Samples: Limited Liability Company Agreement (New Home Co LLC)
