Common use of Restrictions on Authority of the Manager Clause in Contracts

Restrictions on Authority of the Manager. The Manager shall not have the authority or right to do any of the following acts: 5.3.1 To act in contravention of this Agreement. 5.3.2 To act in any manner that would make it impossible to carry on the ordinary business of the Company, except as otherwise provided in this Agreement; 5.3.3 To possess property, or assign rights in specific property, for other than a Company purpose; or 5.3.4 To knowingly perform any act that would cause the Company to conduct business in a state which has neither enacted legislation which permits limited liability companies to organize in such state nor permits the Company to register to do business in such state as a foreign limited liability company.