Members’ Authority. The members of each Participating Unit making a mutual aid and assistance response shall have the same powers and authority as the members of a Requesting Unit at the scene of the emergency in accordance with N.J.S.A. 40A: 14-156.2. Said members of a Participating Unit shall also have, while so acting, such rights and immunities as they would otherwise enjoy in the performance of their normal duties within their own jurisdiction.
Members’ Authority. Except as otherwise set forth in this Agreement, the Members shall have all authority, rights and powers conferred by law (subject to Section 7.3) and those required or appropriate to the management of the Company’s business, which, by way of illustration but not by way of limitation, shall include the right, authority and power to cause the Company to:
7.2.1 Enter into any limited liability company agreement, partnership agreement, other operating agreement or any joint venture directly or for any subsidiary;
7.2.2 Take all actions as the manager, general partner, or member of any subsidiary;
7.2.3 Acquire, hold, develop, lease, rent, operate, sell, exchange, subdivide and otherwise dispose of Property;
7.2.4 Place record title to, or the right to use, the Property in the name or names of a nominee or nominees for any purpose convenient or beneficial to the Company;
7.2.5 Borrow money, and, if security is required therefor, to pledge or mortgage or subject Property and the Project to any security device, to obtain replacements of any mortgage or other security device and to prepay, in whole or in part, refinance, increase, modify, consolidate, or extend any mortgage or other security device. All of the foregoing shall be on such terms and in such amounts as the Members deem to be in the best interest of the Company;
7.2.6 Provide guarantees with respect to any loan or preferred equity obtained by the Company;
7.2.7 Enter into such contracts and agreements as the Members determine to be reasonably necessary or appropriate in connection with the Company’s business and purpose (including contracts with Affiliates of the Members) and any contract of insurance that the Members deem necessary or appropriate for the protection of the Company, including errors and omissions insurance, for the conservation of Company assets, or for any purpose convenient or beneficial to the Company;
7.2.8 Employ Persons in the operation and management of the business of the Company;
7.2.9 Prepare or cause to be prepared reports, statements, and other relevant information for distribution to the Members;
7.2.10 Open accounts and deposit and maintain funds in the name of the Company in banks, savings and loan associations, “money market” mutual funds and in such other entities or instruments as the Members may deem in their discretion to be necessary or desirable;
7.2.11 Cause the Company to make or revoke any of the elections referred to in the Code;
7.2.12 Select as the Company’s...
Members’ Authority. The Members shall have no power to participate in the management of the Company except as expressly authorized by this Agreement or the Articles and except as expressly required by the Act in a provision that is not or cannot be altered by this Agreement. Unless expressly and duly authorized in writing to do so by the Manager, no Member shall have any power or authority to bind or act on behalf of the Company in any way, to pledge its credit, or to render it liable for any purpose.
Members’ Authority. Except as otherwise provided in this Agreement, no Member shall have any authority to act for, or to assume any obligations or responsibilities on behalf of, any other Member or the Company.
Members’ Authority. Alternatively, Members representing more than fifty percent (50%) of the total votes in the Association, at an Association meeting duly called for such purpose, may vote to adopt regulations which modify, cancel, limit, create exceptions to, or expand the Rules and Regulations then in effect. Notwithstanding anything contained herein to the contrary, during the Declarant Control Period, any such action by the Members shall not be valid unless and until Declarant provides its written approval which approval or denial shall be granted in Declarant's sole and exclusive discretion.
Members’ Authority. 7 7.3 Major Decisions .............................................................................................................................. 9 7.4 Administration of the Company .................................................................................................... 10 7.5 Indemnification of the Member and the Officers .......................................................................... 10 7.6 No Personal Liability for Return of Capital .................................................................................. 10 7.7 Authority as to Third Persons ....................................................................................................... 10 7.8 Insurance ....................................................................................................................................... 10 7.9 Officers ......................................................................................................................................... 10 7.10
Members’ Authority. Except as otherwise set forth in this Agreement, the Members shall have all authority, rights and powers conferred by law (subject to Section 7.3) and those required or appropriate to the management of the Company’s business, which, by way of illustration but not by way of limitation, shall include the right, authority and power to cause the Company to: 7.
2.1 Enter into any limited liability company agreement, partnership agreement, other operating agreement or any joint venture directly or for any subsidiary; 7
Members’ Authority. Unless expressly and duly authorized in writing to do so by the Management Committee or the other 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 execute any instrument on behalf of the Company, pledge its credit or render it liable for any purpose.
Members’ Authority. The provisions contained in this Section 6 ----------------- --------- supersede any authority granted to the Members pursuant to Section 1705.25(A) of the Act. Any Member who takes any action or binds the Company in violation of this Section 6 shall be solely responsible for any loss and expense incurred as --------- a result of the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense. SECTION 7 --------- MANAGEMENT AND MANAGEMENT COMMITTEE -----------------------------------
Members’ Authority. This Agreement constitutes the legal, valid and binding obligation of the Members, enforceable against the Members in accordance with its terms. The Members have the absolute and unrestricted right, power, authority and capacity to execute and deliver this Agreement and to perform his or its obligations under this Agreement.
