Common use of Nature of Obligations between Members Clause in Contracts

Nature of Obligations between Members. Except as otherwise expressly provided herein, nothing contained in this Agreement shall be deemed to constitute any Member an agent or legal representative of any other Member or to create any fiduciary relationship for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (MEADWESTVACO Corp), Limited Liability Company Agreement (Plum Creek Timber Co Inc), Operating Agreement (Watsco Inc)

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Nature of Obligations between Members. Except as otherwise expressly provided hereinprovided, nothing contained in this Agreement shall will be deemed to constitute any Member Member, in that Member's capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any has no authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Nature of Obligations between Members. Except as otherwise expressly provided herein, nothing contained in this Agreement shall be deemed to constitute any Member an agent or legal representative of any other Member or to create any fiduciary relationship for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by under the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (AdaptHealth Corp.), Registration Rights Agreement (DFB Healthcare Acquisitions Corp.)

Nature of Obligations between Members. Except as otherwise expressly provided hereinprovided, nothing contained in this Agreement shall will be deemed to constitute any Member Member, in that Member’s capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any has no authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the CompanyFund.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Nature of Obligations between Members. Except as otherwise expressly provided herein, nothing contained in this Agreement shall be deemed to constitute make any Member Member, in such Member’s capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created established by the Act. Except as otherwise expressly provided in this Agreement or a Series Operating Agreement, a no Member shall not have any authority to act for, or to assume any obligation or responsibility on behalf of, any other Member Member, a Series or the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cityfunds I, LLC)

Nature of Obligations between Members. Except as otherwise expressly provided herein, nothing contained in this Agreement shall be deemed to constitute any Member Member, in such Member’s capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.Company.‌‌‌

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Nature of Obligations between Members. Except as otherwise expressly provided hereinprovided, nothing contained in this Agreement shall will be deemed to constitute any Member Member, in that Member's capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any has no authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the CompanyFund.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Nature of Obligations between Members. Except as otherwise expressly provided herein, nothing contained in this Agreement shall be deemed to constitute any Member Member, in such Member’s capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.Company.‌

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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Nature of Obligations between Members. Except as otherwise expressly provided hereinprovided, nothing contained in this Agreement shall will be deemed to constitute any Member Member, in that Member's capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any has no authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.. Article V

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Nature of Obligations between Members. Except as otherwise expressly provided herein, nothing contained in this Agreement shall be deemed to constitute any Member Member, in such Member’s capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Nature of Obligations between Members. Except as otherwise expressly provided hereinprovided, nothing contained in this Agreement shall will be deemed to constitute any Member Member, in that Member’s capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in this Agreement, a Member shall not have any has no authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Freeport Holdings Series LLC)

Nature of Obligations between Members. Except as otherwise expressly provided hereinby this Agreement, nothing contained shall deem any Member, in this Agreement shall be deemed to constitute any Member that Member’s capacity as a Member, an agent or legal representative of any other Member or to create any fiduciary relationship between Members for any purpose whatsoever, apart from such obligations between the members of a limited liability company as may be created by the Act. Except as otherwise expressly provided in by this Agreement, a each Member shall not have any has no authority to act for, or to assume any obligation or responsibility on behalf of, any other Member or the CompanyFund.

Appears in 1 contract

Samples: Subscription Agreement

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