Matters reserved for the Members Sample Clauses

Matters reserved for the Members. The Board of Directors (acting on behalf of the LLC), by its own action, but not by delegation to officers or other employees of the LLC, shall have the sole right, power and authority to take the following actions in furtherance of the business of the LLC, provided, however, that no such action will be taken without the approval of each of the Members:
Sample 1
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Matters reserved for the Members. Notwithstanding the first paragraph of this Section 8, all business and matters not within the ordinary course of business of the Company shall be reserved to the Members including, but not limited to, the following list of reserved matters:
Sample 1
Matters reserved for the Members. The Members shall exercise all voting rights and other powers available to them in relation to the Company so as to procure (so far as they are able) that no matter listed in Schedule 3 is carried out without the consent of all the Members, but such unanimity is subject to the voting restrictions set out in Clause 10 so that for the purposes of this Clause 7.2 there can be unanimity if the Member the subject of Clause 10 does not vote or consent.
Sample 1

Related to Matters reserved for the Members

  • Certain Representations; Reservation and Availability of Shares of Common Stock or Cash (a) This Agreement has been duly authorized, executed and delivered by the Company and, assuming due authorization, execution and delivery hereof by the Warrant Agent, constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, and the Warrants have been duly authorized, executed and issued by the Company and, assuming due authentication thereof by the Warrant Agent pursuant hereto and payment therefor by the Holders as provided in the Registration Statement, constitute valid and legally binding obligations of the Company enforceable against the Company in accordance with their terms and entitled to the benefits hereof; in each case except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally or by general equitable principles (regardless of whether such enforceability is considered in a proceeding in equity or at law).

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