Common use of Powers of Members Clause in Contracts

Powers of Members. The Members shall have the power to exercise any and all rights or powers granted to the Members pursuant to the express terms of this Agreement. The Members shall also have the power to authorize the Board, by Majority Vote, to possess and exercise any right or power not already vested in the Board pursuant to Section 6.1 or any other provision of this Agreement. In addition to the foregoing, the Members have the power to exercise any and all other rights or powers of the Company and do all lawful acts and things as are not by the Delaware Act or this Agreement directed or required to be exercised or done by the Board. Except as provided herein, the Members shall have no power to bind the Company.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company Agreement (Wells Fargo Finance LLC), Limited Liability Company Agreement (Wells Fargo Student Loans Receivables I LLC)

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Powers of Members. The Members shall have the power to exercise any and all rights or powers granted to the Members pursuant to the express terms of this Agreement. The Members shall also have the power to authorize the Board, by Majority Vote, to possess and exercise any right or power not already vested in the Board pursuant to Section 6.1 Article Six or any other provision of this Agreement. In addition to the foregoing, the Members have the power to exercise any and all other rights or powers of the Company and to do all lawful acts and things as are not by the Delaware Act or this Agreement directed or required to be exercised or done by the Board. Except as provided hereinin this Agreement, the Members shall have no power to bind the Company.

Appears in 1 contract

Samples: Operating Agreement (CGG Canada Services LTD)

Powers of Members. The Members shall have the power to exercise any and all rights or powers granted to the Members pursuant to the express terms of this Agreement. The Members shall also have the power to authorize the BoardManager, by Majority Vote, to possess and exercise any right or power not already vested in the Board Manager pursuant to Section 6.1 6.2 or any other provision of this Agreement. In addition to the foregoing, the Members have the power to exercise any and all other rights or powers of the Company and do all lawful acts and things as are not by the Delaware Act or this Agreement directed or required to be exercised or done by the Board. Except as provided herein, the Members shall have no power to bind the CompanyManager.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (VCI Electronic Coupons, Inc.)

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Powers of Members. The Members shall have the power to exercise any and all rights or powers granted to the Members pursuant to the express terms of this Agreement. The Members shall also have the power to authorize the BoardManagers, by Majority Vote, to possess and exercise any right or power not already vested in the Board Managers pursuant to Section 6.1 3.2 or any other provision of this Agreement. In addition to the foregoing, the Members have the power to exercise any and all other rights or powers of the Company and do all lawful acts and things as are not by the Delaware Act or this Agreement directed or required to be exercised or done by the Board. Except as provided herein, the Members shall have no power to bind the CompanyManagers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ects a Scenic Technology Co Inc)

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