No Management by Unitholders. The Unitholders shall not manage and control the business and affairs of the LLC, except for situations in which the approval of Unitholders is required by this Agreement or by non-waivable provisions of applicable law.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Triad Financial Sm LLC), Limited Liability Company Agreement (Triad Financial Corp), Limited Liability Company Agreement (Triad Financial Corp)
No Management by Unitholders. The Unitholders shall not manage and or control the business and affairs of the LLC, except for situations in which the approval of Class C Unitholders or any other class of Unitholders, if applicable is expressly required by this Agreement or by non-waivable provisions of applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Emmis Communications Corp), Limited Liability Company Agreement (Emmis Communications Corp)
No Management by Unitholders. The Unitholders shall not manage and or control the business and affairs of the LLC, except as expressly provided in this Agreement with respect to the Principal Investors (including, for situations in which the approval avoidance of Unitholders is doubt, Section 5.1(b)(iv)) or as required by this Agreement or by any non-waivable provisions of applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Providence Service Corp), Limited Liability Company Agreement (Providence Service Corp)
No Management by Unitholders. The Unitholders shall not manage and or control the business and affairs of the LLC, except for situations in which the approval of Unitholders is required by this Agreement or the GTCR Purchase Agreement or by non-waivable provisions of applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Prestige Brands International, Inc.), Limited Liability Company Agreement (Prestige Brands Holdings, Inc.)
No Management by Unitholders. The Unitholders shall not manage and control the business and affairs of the LLCCompany, except for situations in which the approval of Unitholders is required by this Agreement or by non-waivable provisions of applicable law.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (VWR Funding, Inc.), Limited Liability Company Agreement (VWR, Inc.)
No Management by Unitholders. The Unitholders shall not manage and or control the business and affairs of the LLCCompany, except for situations but shall have the rights set forth with respect to such Unitholder in which the approval of Unitholders is required by this Agreement or by non-waivable provisions of applicable lawBoard Governance Exceptions.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cable One, Inc.)
No Management by Unitholders. The Unitholders shall not manage and control the business and affairs of the LLC, except for situations in which the approval of Unitholders is required by this Agreement or the GTCR Purchase Agreement or by non-waivable provisions of applicable law.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Solera Holdings LLC)
