Restrictions on the Authority of the Manager. The Manager shall have no authority to (i) do any act in contravention of law, (ii) without prior written consent of a majority of the Non-managing Members, do any act in contravention of this Agreement, (iii) admit a Person as a Manager of the Company except as provided for in Sections 7.1 and 4.4, or (iv) dissolve the Company, except as provided in Article 11.
Restrictions on the Authority of the Manager. Except with the prior approval of the Owner, the Manager shall not:
Restrictions on the Authority of the Manager. Notwithstanding anything contained in this Agreement to the contrary, provided so long as Xxxxxxx Invest is the legal and beneficial owner of all then-outstanding Preferred Units, the Manager may not take (or cause the Company to take) any of the decisions listed below (each, a “Major Decision”) without the prior approval or written consent of the Preferred Members, and such vote or consent is sufficient to authorize any Major Decision. All other decisions regarding the business of the Company may be made by the Manager and/or any duly appointed officer of the Company, unless this Agreement expressly provides otherwise or unless such decision falls outside of the scope of the official duties of such officer, as determined by the Manager in its discretion.
Restrictions on the Authority of the Manager. Subject to the provisions of this Agreement, except as herein provided, the Manager shall not be authorized to do any of the following acts without the prior consent of all of the Members:
Restrictions on the Authority of the Manager. The following decisions shall require the following approvals of Members:
