Management Authority. (a) The Manager shall have the sole right to manage the business of the LLC and shall have all powers and rights necessary, appropriate or advisable to effectuate and carry out the purposes and business of the LLC, and, no Member other than the Manager, unless such Member is also the Manager, shall have any authority to act for or bind the LLC but shall have only the right to vote on or approve the actions herein specified to be voted on or approved by the Members.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Success Acquisition Corp), Limited Liability Company Agreement (Success Acquisition Corp), Limited Liability Company Agreement (Success Acquisition Corp)
Management Authority. (a) The Manager shall have the sole right to manage the business of the LLC and shall have all of the powers and rights necessary, appropriate or advisable to effectuate and carry out the purposes and business of the LLC, andincluding the authority to act for and bind the LLC, and no Member other than the ManagerMember, unless such Member is also the Manager, shall have any authority to act for or bind the LLC but shall have only the right to vote on or approve the actions herein specified to be voted on or approved by the MembersMembers or as otherwise specified in the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (TWP Capital Corp Ii)
Management Authority. (a) The Manager shall have the sole right to manage the business of the LLC Company and shall have all powers and rights necessary, appropriate or advisable to effectuate and carry out the purposes and business of the LLCCompany, and, no Member (other than the Manager, unless such Member is also the Manager, ) shall have any authority to act for or bind the LLC Company but shall have only the right to vote on or approve the actions herein specified to be voted on or approved by the MembersMember(s).
Appears in 1 contract
Samples: Onepoint Communications Corp /De
