No Control of Company Sample Clauses

No Control of Company. Except as otherwise provided herein, no Member shall have the right or power to: (a) withdraw its contribution to the capital of the Company or reduce its Commitment; (b) to the maximum extent permitted by law, cause the dissolution and winding up of the Company or (c) demand property in return for its capital contributions. No Member, in its capacity as such, shall take any part in the control of the affairs of the Company, undertake any transactions on behalf of the Company, or have any power to sign for or otherwise to bind the Company.
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No Control of Company. No Member who is not also a Manager, in that Person’s capacity as a Member, shall take any part in the control of the affairs of the Company except as otherwise provided herein, or undertake any transactions on behalf of the Company, or have any power to sign for or otherwise to bind the Company.
No Control of Company. No Member, in its capacity as such, shall take any part in the control of the business and affairs of the Company, undertake any transactions on behalf of the Company, or have any power to sign for or otherwise to bind the Company; provided, however, that the Partnership Representative may execute the tax returns of the Company and any other tax related documents required to be executed by a Person treated as a “partner” of the Company for tax purposes.
No Control of Company. The Class A Member, in its capacity as such, shall not take any part in the control of the affairs of the Company, shall not undertake any transactions on behalf of the Company, and shall not have any power to sign for or to bind the Company.

Related to No Control of Company

  • No Control of the Company’s Business Nothing contained in this Agreement is intended to give Parent, directly or indirectly, the right to control or direct the Company’s or its subsidiaries’ operations prior to the Effective Time. Prior to the Effective Time, the Company shall exercise, consistent with the terms and conditions of this Agreement, complete control and supervision over its and its subsidiaries’ operations.

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