No Participation in Management. Except as expressly provided herein, no Member (other than a Manager) shall take part in the conduct or control of the Company’s business or have any right or authority to act for or bind the Company.
Appears in 9 contracts
Samples: Limited Liability Company Operating Agreement (Redwood Mortgage Investors IX), Limited Liability Company Operating Agreement (Redwood Mortgage Investors IX), Limited Liability Company Operating Agreement (Redwood Mortgage Investors IX)
No Participation in Management. Except as expressly provided hereinin this Agreement, no Member (other than a Manager) shall take part in the conduct or control of the Company’s business or have any right or authority to act for or bind the Company.
Appears in 4 contracts
Samples: Operating Agreement (Bayou City Exploration, Inc.), Operating Agreement (Bayou City Exploration, Inc.), Operating Agreement (Bayou City Exploration, Inc.)
No Participation in Management. Except as expressly specifically provided herein, no Member (other than a Manager) shall take part in the conduct or control of the Company or any Series of the Company business or the management of such Series of the Company’s business , or have any right or authority to act for or bind on the Companybehalf of, or otherwise bind, such Series of the Company (except a Member who may also be a Manager and then only in such Member’s capacity as a Manager within the scope of such Member’s authority hereunder).
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement (HomeStreet, Inc.), Limited Liability Company Operating Agreement (HomeStreet, Inc.)
No Participation in Management. Except No Member, in its capacity as expressly provided herein, no a Member (other than a Manager) shall take part participate in the conduct management or control of the Company’s business, transact any business for the Company or have any right or authority the power to act for or bind the CompanyCompany (without implication that the contrary is implied, it is understood that the foregoing provision shall not prohibit a Member from acting as a Manager).
Appears in 3 contracts
Samples: Operating Agreement (Cnu of Virginia, LLC), Operating Agreement (Cnu of Virginia, LLC), Operating Agreement (Cnu of Virginia, LLC)
No Participation in Management. Except as expressly provided hereinin this Agreement, no Member (other than a Manager) shall take part in the conduct or control of the Company’s 's business or have any right or authority to act for or bind the Company.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Yosemite Mortgage Fund Ii LLC), Limited Liability Company Operating Agreement (Yosemite Mortgage Fund Ii LLC)
No Participation in Management. Except as expressly specifically provided hereinin Section 11.7 above, no Member (other than a Manager) shall take part in the conduct or control of the Company’s 's business or the management of the Company or have any right or authority to act for or bind on the Companybehalf of or otherwise bind, the Company (except a Member who may also be a Manager and then only in such Member's capacity as a Manager within the scope of such Member's authority hereunder).
Appears in 1 contract
Samples: Limited Liability Company Agreement (Emeritus Corp\wa\)
No Participation in Management. Except as expressly specifically provided herein, no Member (other than a Manager) shall take part in the conduct or control of the business of the Company or of any Series or the management of such Series or of the Company’s business , or have any right or authority to act for or bind on the Companybehalf of, or otherwise bind, the Company or any Series.
Appears in 1 contract
Samples: Limited Liability Company Agreement
No Participation in Management. Except as expressly specifically provided hereinin Article 3, no Member (other than who is not also a Manager) Manager shall take part in the conduct or control of the Company’s 's business or the management of the Company, or have any right or authority to act for or bind on the behalf of the Company.
Appears in 1 contract
