Common use of No Management Rights Clause in Contracts

No Management Rights. Except as specifically set forth in Article 5 hereof or otherwise in this Agreement, no Member shall take part in the management or control of the business of the Company or transact any business in the name of the Company. No Member shall have the power or authority to bind the Company or to sign any agreement or document in the name of the Company. No Member shall have any power or authority with respect to the operation of the Company, except insofar as the consent of the Member shall be expressly required by this Agreement or by the Act.

No Management Rights. Except as specifically set forth in Article 5 hereof or otherwise and in this AgreementSection 6.8, no Member shall take part in the management or control of the business of the Company or transact any business in the name of the Company. No Member shall have the power or authority to bind the Company or to sign any agreement or document in the name of the Company. No Member shall have any power or authority with respect to the operation of the Company, except insofar as the consent of the Member shall be expressly required by this Agreement or by the Act.

No Management Rights. Except as specifically to the extent set forth in Article 5 hereof or otherwise in this Agreement, no Member the Members shall take part not participate in the management or control of the business of the Company or Company's business. The Members shall not transact any business in the name of for the Company. No Member , nor shall they have the power or authority to act for or bind the Company or to sign any agreement or document in the name of the Company. No Member shall have any power or authority with respect to the operation of the Company, except insofar as all such powers being vested solely and exclusively in the consent Board of Managers or the Member shall be expressly required by this Agreement or by the ActOfficers.