Members Are Not Agents. Pursuant to Section 5.1 and the Certificate, the management of the LLC is vested in the Executive Committee and Officers. No Member, acting solely in the capacity of a Member, is an agent of the LLC nor can any Member in such capacity bind nor execute any instrument on behalf of the LLC.
Appears in 3 contracts
Samples: Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc), Operating Agreement (Vertical Computer Systems Inc)
Members Are Not Agents. Pursuant to Section 5.1 and the Certificate, the management of the LLC Company is vested in the Executive Committee and OfficersMembers. No Member, acting solely in the capacity of a Member, is an agent of the LLC Company nor can any Member in such capacity bind nor execute any instrument on behalf of the LLCCompany. The Members shall act on behalf of the Company by action of the agents of the Members referenced in Section 5.1(a).
Appears in 2 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Provision Holding, Inc.)
Members Are Not Agents. Pursuant to Section 5.1 below and the CertificateArticles, the management of the LLC is vested solely in the Executive Committee and OfficersManager. No Member, Member acting solely in the capacity of a Member, : (a) is an agent of the LLC LLC, nor (b) can any Member in such capacity bind nor or execute any instrument on behalf of the LLC’s behalf.
Appears in 2 contracts
Samples: Operating Agreement (Molecular Imaging Corp), Operating Agreement (Molecular Imaging Corp)
Members Are Not Agents. Pursuant to Section 5.1 and the Certificate5.1, the management of the LLC is vested in the Executive Committee and Officersofficers. No Member, acting solely in the capacity of a Member, is an agent of the LLC nor can any Member in such capacity bind nor execute any instrument on behalf of the LLC.
Appears in 1 contract
Samples: Operating Agreement
