Common use of No Management by Members Clause in Contracts

No Management by Members. Other than as set forth in Article III hereof, the Members shall take no part in, or at any time interfere in any manner with, the management, conduct, or control of the Company's business and operations and shall have no right or authority to act for or bind the Company. The rights and powers of such Members shall not extend beyond those set forth in this Agreement and those granted under the Articles of Organization and any attempt to participate in the control of the Company in a manner contrary to the rights and powers granted herein and under the Articles of Organization shall be null and void and without force and effect. The exercise by any other Member of any of the rights granted to the Member hereunder shall not be deemed to be taking part in the control of the business of the Company and shall not constitute a violation of this Section.

Appears in 4 contracts

Samples: Operating Agreement (Medcath Inc), Operating Agreement (Medcath Corp), Operating Agreement (Medcath Corp)

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