No Management Responsibility. No Investor other than a Director or Investment Manager shall participate in the management or control of the business of or transact any business for the Fund but may exercise the rights and powers of an Investor under this Agreement. All management responsibility is vested in the Directors. The Investors other than the Directors hereby consent to the taking of any action by the Directors, Management Committee, and the Investment Managers contemplated under Article 3.
Appears in 4 contracts
Samples: Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC), Operating Agreement (Technology Funding Venture Capital Fund Vi LLC)
No Management Responsibility. No Investor Investor, other than a Director or Investment Manager Director, shall participate in the management or the control of the business of or transact any business for the Fund but may exercise the rights and powers of an Investor a Member under this Agreement. All management responsibility is vested in the Directors. The Investors other than the Directors hereby consent to the taking of any action by the Directors, Management Committeethe Officers, and the Investment Managers Manager contemplated under Article 37.
Appears in 3 contracts
Samples: Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC), Operating Agreement (Oxbow Fund LLC)
No Management Responsibility. No Investor other than a Director or the Investment Manager shall participate in the management or control of the business of or transact any business for the Fund but may exercise the rights and powers of an Investor under this AgreementFund. All management responsibility is vested in the Directors. The Investors other than the Directors hereby consent to the taking of any action by the Directors, Management Committee, Directors and the Investment Managers Manager contemplated under Article 3by this Agreement.
Appears in 1 contract
Samples: Form of Operating Agreement (Vcvillage Com Opportunity Fund LLC)
No Management Responsibility. No Investor Investor, other than a Director or Investment Manager Director, shall participate in the management or the control of the business of or transact any business for the Fund but may exercise the rights and powers of an Investor under this Agreement. All management responsibility is vested in the Directors. The Investors other than the Directors hereby consent to the taking of any action by the Directors, Management Committeethe Officers, and the Investment Managers Manager contemplated under Article 37.
Appears in 1 contract
Samples: Operating Agreement (Oxbow Fund LLC)
No Management Responsibility. No Investor other than a Director or the Investment Manager shall participate in the management or control of the business of or transact any business for the Fund but may exercise the rights and powers of an Investor under this Agreement. All management responsibility is vested in the Directors. The Investors other than the Directors hereby consent to the taking of any action by the Directors, Management CommitteeDirectors, and the Investment Managers Manager contemplated under Article 3.
Appears in 1 contract
Samples: Form of Operating Agreement (Vcvillage Com Opportunity Fund LLC)
No Management Responsibility. No Investor Investor, other than a Director or Investment Manager Director, shall participate in the management or the control of the business of or transact any business for the Fund but may exercise the rights and powers of an Investor under this Agreement. All management responsibility is vested in the Directors. The Investors other than the Directors hereby consent to the taking of any action by the Directors, Management Committee, and the Investment Managers Manager contemplated under Article 37.
Appears in 1 contract
Samples: Operating Agreement (Oxbow Fund LLC)
