Common use of No Management by Members Clause in Contracts

No Management by Members. Except as expressly provided in this Agreement, no Member will have the right by virtue of such Member’s membership to take part in or interfere in any manner with the management of the business and affairs of the Company or have any right or authority to act for or bind the Company notwithstanding Section 18-402 of the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kadmon Holdings, LLC), Limited Liability Company Agreement (Kadmon Holdings, LLC)

AutoNDA by SimpleDocs

No Management by Members. Except as expressly provided in this Agreement, no Member will have the right by virtue of such Member’s 's membership to take part in or interfere in any manner with the management of the business and affairs of the Company or have any right or authority to act for or bind the Company notwithstanding Section 18-402 of the ActCompany.

Appears in 1 contract

Samples: Shareholder Agreement (MeiraGTx Holdings PLC)

No Management by Members. Except as expressly provided set forth in the Act, this AgreementAgreement or the Company’s other Organizational Documents, no Member will have the right by virtue of such Member’s membership , in its capacity as a Member, is entitled to take any part in the control or interfere in any manner with the management of the business and affairs of the Company Business or have any right authority or authority power to act for or bind the Company notwithstanding Section 18-402 on behalf of the ActCompany.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Quigley Corp)

No Management by Members. Except as otherwise expressly provided in this AgreementAgreement or the Act, the Members shall have no Member will have the right by virtue of such Member’s membership to control or manage, and shall not take part in the control or interfere in any manner with management of, the management of the property, business and or affairs of the Company or have any right or authority to act for or bind the Company notwithstanding Section 18-402 of the ActCompany.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Key Components Finance Corp)

AutoNDA by SimpleDocs

No Management by Members. Except as expressly provided in this Agreement, no Member will have the right by virtue of such Member’s membership to take part in or interfere in any manner with the management of the business and affairs of the Company or have any right or authority to act for or bind the Company notwithstanding Section 18-402 of the ActCompany.

Appears in 1 contract

Samples: Shareholder Agreement (MeiraGTx Holdings PLC)

No Management by Members. Except as otherwise expressly provided in by this AgreementAgreement or the Act, the Members shall have no Member will have the right by virtue of such Member’s membership to control or manage, and shall not take part in the control or interfere in any manner with management of, the management of the property, business and or affairs of the Company or have any right or authority to act for or bind the Company notwithstanding Section 18-402 of the ActCompany.

Appears in 1 contract

Samples: Operating Agreement (Mediconsult Com Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.