Common use of No Management by Members Clause in Contracts

No Management by Members. Except as otherwise provided in this Agreement, no Member shall take part in the day-to-day management, or the operation or control of the business and affairs of the Company. Except as expressly delegated by the Members Committee, no Member shall be an agent of the Company or have any right, power or authority to transact any business in the name of the Company or to act for or on behalf of the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Urs Corp /New/), Limited Liability Company Agreement (Urs Corp /New/), Limited Liability Agreement (Urs Corp /New/)

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No Management by Members. Except as otherwise provided in this Agreement, no Member shall take part in the day-day- to-day management, or the operation or control of the business and affairs of the Company. Except as expressly delegated by the Members Committee, no Member shall be an agent of the Company or have any right, power or authority to transact any business in the name of the Company or to act for or on behalf of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hartford Steam Boiler Inspection & Insurance Co)

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