Common use of Power of Members Clause in Contracts

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Grom Social Enterprises, Inc.), Operating Agreement (BBX Capital Florida LLC), Limited Liability Company Agreement (Capstone Therapeutics Corp.)

AutoNDA by SimpleDocs

Power of Members. The Members Member shall have the power to exercise any and all rights or powers granted to Members the Member pursuant to the express terms of this Agreement and the ActAgreement. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Grand Canal Shops Mall Construction LLC), Limited Liability Company Agreement (Grand Canal Shops Mall Construction LLC), Limited Liability Company Agreement (Grand Canal Shops Mall Construction LLC)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, other than in its capacity as a Membermember of the Board of Managers or as an officer of the Company, shall have the power to act for or on behalf of, or to bind, the Company. Notwithstanding the foregoing sentence, except as otherwise expressly provided herein, all Members shall constitute one class or group of members for purposes of the Act and this Agreement.

Appears in 2 contracts

Samples: Operating Agreement (ALST Casino Holdco, LLC), Operating Agreement (ALST Casino Holdco, LLC)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the ActAgreement. Except as otherwise specifically provided by this Agreement or required by the Act, and except for powers of the Managing Member pursuant to Section 7.1, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Venetian Casino Resort LLC), Limited Liability Company Agreement (Grand Canal Shops Mall Construction LLC)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the ActAgreement. Except as otherwise specifically provided by this Agreement or required by the ActAgreement, no Member, in its capacity as a Member, shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ascend Wellness Holdings, LLC), Limited Liability Company Agreement (Ascend Wellness Holdings, LLC)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. The Members shall elect the Board of Managers in accordance with Section 5.3. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company. All Members shall constitute one class or group of members for purposes of the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Power of Members. The Members Member shall have the power to exercise any and all rights or powers granted to Members the Member pursuant to the express terms of this Agreement and the ActAgreement. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Venetian Casino Resort LLC)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically expressly provided by this Agreement or required by the non-waivable provisions of the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.Company.‌

Appears in 1 contract

Samples: Limited Liability Company Agreement

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the ActAgreement. Except as otherwise specifically provided by this Agreement or required by non-waivable provision of the Act, no Member, in his, her or its capacity as a Member, shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Operating Agreement (Csac Acquisition Inc.)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.IX, L.L.C.

Appears in 1 contract

Samples: Nfo Worldwide Inc

Power of Members. The Members Member shall have the power to exercise any and all rights or powers granted to Members the Member pursuant to the express terms of this Agreement. The Member shall have the power to pledge (pursuant to the Pledge Agreement or otherwise) or grant a security interest, lien or other encumbrance in or against, any or all of the Member’s interest and such pledge or grant shall not cause the ActMember to cease to be a Member or to cease to have the power to exercise any rights or powers of a Member. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Williams Scotsman Inc)

AutoNDA by SimpleDocs

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, only the Managing Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Morgans Hotel Group Co.)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. The Members holding Common Shares shall elect the Board of Managers in accordance with Section 5.3. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company. All Members shall constitute one class or group of members for purposes of the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically expressly provided by this Agreement or required by the non-waivable provisions of the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Power of Members. The Members Member shall have the power to exercise any and all rights or powers granted to Members the Member pursuant to the express terms of this Agreement. The Member shall have the power to pledge (pursuant to the Pledge Agreement or otherwise) or grant a security interest, lien or other encumbrance in or against, any or all of the Member's interest and such pledge or grant shall not cause the ActMember to cease to be a Member or to cease to have the power to exercise any rights or powers of a Member. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Mobile Field Office Co)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the ActAgreement. Except as otherwise specifically provided by this Agreement or required by the Act, and except for the powers of the Managing Member pursuant to Section 7.1, no Member, in its capacity as a Member, Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Venetian Casino Resort LLC)

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically expressly provided by this Agreement or required by the Act, no Member, in its capacity as a Member, shall have the power to act for or on behalf of, or to bind, the Company.non-waivable

Appears in 1 contract

Samples: Limited Liability Company Agreement

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. Except as otherwise specifically provided by this Agreement or required by the Act, no Member, in its capacity as a Member, only the Managing Member shall have the power to act for or on behalf of, or to bind, the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Morgans Hotel Group Co.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!