Participation by Members Sample Clauses
The 'Participation by Members' clause defines the rights and obligations of members regarding their involvement in the activities or decision-making processes of an organization or entity. Typically, this clause outlines how members may attend meetings, vote on resolutions, or contribute to discussions, and may specify any requirements for quorum or eligibility. Its core function is to ensure that members have a clear and structured way to participate, thereby promoting transparency and democratic governance within the organization.
Participation by Members. No Investor Member shall participate in or interfere with the management of the Company or the operation of its business. The exercise by an Investor Member of any of his rights or powers granted in this Agreement shall not be deemed taking part in control of the business of the Company and shall not constitute a violation of this Section 6.4. No Investor Member shall have any power or authority to sign for or to bind the Company in any manner or for any purpose whatsoever. No Investor Member shall have priority over any other Member with respect to any rights or duties contained in this Agreement, unless expressly provided for in this Agreement.
Participation by Members. 11 6.5 Other Activities of Managers or Members........................................................12 6.6
Participation by Members. Other than the Managing Member, no Member, in such Member’s capacity as a Member, shall (a) participate in the control of the business of the Company, (b) have any right or power to sign for or to bind the Company in any manner or for any purpose whatsoever or (c) have any rights or powers with respect to the Company except those expressly granted to such Member by the terms of this Agreement or those conferred upon such Member by law. Except as otherwise provided in this Agreement, no prior consent or approval of any Member, other than the Managing Member, shall be required in respect of any act or transaction to be taken by the Managing Member on behalf of or by the Company.
Participation by Members. Each Member shall cooperate in good faith with the Company in accomplishing the Company’s activities set forth in Section 3.3; provided that the foregoing obligation does not apply to a Member’s distribution of a product in the same product category as a “Company distributed product” (as defined in Section 12.8) to the extent the Member is permitted to distribute the product pursuant to the terms of Section 12.8. Each Member shall participate with the Company in good faith on any decision or proposal the Board makes with respect to the Procurement Policies or the production, marketing, sales or distribution of a product owned by or licensed to the Company; provided, however, that nothing contained in this Agreement shall require a Member to undertake any activity with respect to a product of the Distribution Division of the Company that such Member concludes, in its sole discretion, is not reasonably likely to be economically beneficial to the Member. If the Member chooses not to participate, the Company will have the right to produce, market, sell and distribute the product in the Member’s Territory and the provisions of Section 12.8 shall nonetheless be applicable. In addition, each Member agrees that the Company may obtain from The Coca-Cola Company or Members directly from time to time information about the Member’s product sales volume by percentage and Territory population, maintain that information in the Company’s records and provide that information to the Board to enable the Company to establish initial Percentage Interests, adjust voting privileges and appropriately allocate Profits and Losses. All such information will be held subject to the confidentiality provisions of Section 16.12, with the confidentiality obligation of the Company regarding information provided by The Coca-Cola Company about a Member running in favor of the Member involved.
Participation by Members. Each Member shall cooperate in good faith with the Company in accomplishing the Company’s activities. Each Member shall participate with the Company in good faith on any decision or proposal the Board makes with respect to the services to be provided by the Company. In addition, each Member agrees that the Company may obtain from time to time information about the Member’s Sales Volume, maintain that information in the Company’s records and provide that information to the Board to enable the Company to establish Percentage Interests, make adjustments contemplated in this Agreement (including with respect to classification of such Member and voting rights of such Member) and appropriately allocate Profits and Losses. All such information will be held subject to the confidentiality provisions of Section 16.12 and in accordance with the Data Sharing Agreements, as applicable.