No Management by Members. Except as otherwise expressly provided herein, no Member, who is not also a Manager, shall take part in the management, or the operation or control of the business and affairs of the Company. Except and only to the extent expressly provided for in this Agreement and as delegated by the Manager, no Member or other person other than the Manager 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 or to bind the Company.
Appears in 4 contracts
Samples: Operating Agreement (Columbia Equity Trust, Inc.), Operating Agreement (Columbia Equity Trust, Inc.), Operating Agreement (Columbia Equity Trust, Inc.)
No Management by Members. Except No Member (other than the Manager), in his/her capacity as otherwise expressly provided herein, no a Member, who is not also a Manager, shall take part in the day-to-day management, or the operation or control of the business and affairs of the Company. Except and only to the extent expressly provided for in this Agreement and as delegated by the Manager, no Member or other person other than the Manager shall be an agent of the Company or have any right, power power, or authority to transact any business in the name of the Company or to act for or on behalf of or to bind the Company or transact any business in the name of the Company. The Members shall have no rights other than those specifically provided herein or granted by law where consistent with a valid provision hereof.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement
No Management by Members. Except as otherwise expressly provided herein, no No Member (other than the Managing Member, who is not also a Manager, shall in its capacity as such) will take part in the day-to-day management, or the operation operation, or control of the business and affairs of the Company. Except and only to the extent expressly provided for in this Agreement and as delegated by the ManagerManaging Member, no Member or other person Person, other than the Manager shall Managing Member, will 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 or to bind the Company.. Notwithstanding the foregoing,
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (System1, Inc.)
