Members Are Not Agents. Pursuant to Section 5.1, the management of the Company is vested in the Executive Committee. No Member, acting solely in the capacity of a Member, is an agent of the Company nor can any Member in such capacity bind nor execute any instrument on behalf of the Company.
Appears in 3 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Imperial Capital Group, Inc.), Limited Liability Company Agreement (Imperial Capital Group, Inc.)
Members Are Not Agents. Pursuant to Section 5.15, the management of the Company is vested in the Executive CommitteeManaging Member. No MemberMember or Board Representative, acting solely in the capacity of a MemberMember or Board Representative, is an agent of the Company nor can any Member or Board Representative in such capacity bind nor or execute any instrument on behalf of the Company, except as expressly provided in Section 5.
Appears in 1 contract
Members Are Not Agents. Pursuant to Section 5.1, the management of the Company is vested solely in the Executive CommitteeManaging Member. No Member, acting solely in the capacity of a Member, is an agent of the Company nor can any Member in such capacity bind nor or execute any instrument on behalf of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement
