No Right to Act. No Member, as such, has the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company, to manage the business or affairs of the Company, to direct that any action be taken by the Company or any of its Officers, officers, employees, or agents, or to make any expenditures on behalf of the Company, unless such specific authority has been expressly granted to and not revoked from such Person by the Managing Member.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Manning & Napier, Inc.), Limited Liability Company Agreement (Manning & Napier, Inc.)
No Right to Act. No Member, as such, has the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company, to manage the business or affairs of the Company, to direct that any action be taken by the Company or any of its Officers, officers, employees, or agents, or to make any expenditures on behalf of the Company, unless such specific authority has been expressly granted to and not revoked from such Person by the Managing MemberMember or the Board, as applicable.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Manning & Napier, Inc.), Limited Liability Company Agreement (Manning & Napier, Inc.)
No Right to Act. No Member, as such, has the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company, to manage the any business or affairs of the Company, to direct that any action be taken by the Company or any of its OfficersAuthorized Persons, officers, employees, or agents, or to make any expenditures on behalf of the Company, unless such specific authority has been expressly granted to and not revoked from such Person by the Managing MemberManagement Committee or under this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement
No Right to Act. No Member, as such, has the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company, to manage the business or affairs of the Company, to direct that any action be taken by the Company or any of its OfficersAuthorized Persons, officers, employees, or agents, or to make any expenditures on behalf of the Company, unless such specific authority has been expressly granted to and not revoked from such Person by the Managing MemberManagement Committee.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Armada Oil, Inc.)
