Restrictions on the Board of Directors’ Authority. Except as otherwise specifically provided in this Agreement or by resolution of the Board of Directors, (1) no Director or group of Directors shall have any actual or apparent authority to enter into contracts on behalf of, or to otherwise bind, the Company, nor to take any action in the name of or on behalf of the Company or conduct any business of the Company other than by action of the Board of Directors taken in accordance with the provisions of this Agreement, and (2) no Director shall have the power or authority to delegate to any Person such Director's rights and powers as a Director to manage the business and affairs of the Company.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Kinder Morgan Management LLC), Limited Liability Company Agreement (Kinder Morgan Management LLC), Limited Liability Company Agreement (Kinder Morgan Energy Partners L P)
Restrictions on the Board of Directors’ Authority. Except as otherwise specifically provided in this Agreement or by resolution of the Board of DirectorsBoard, (1i) no Director or group of Directors shall have any actual or apparent authority to enter into contracts on behalf of, or to otherwise bind, the Company, nor to take any action in the name of or on behalf of the Company or conduct any business of the Company other than by action of the Board of Directors taken in accordance with the provisions of this Agreement, and (2ii) no Director shall have the power or authority to delegate to any Person such Director's ’s rights and powers as a Director to manage the business and affairs of the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Axar Capital Management L.P.), Limited Liability Company Agreement (Stonemor Partners Lp), Limited Liability Company Agreement (Stonemor Partners Lp)
Restrictions on the Board of Directors’ Authority. Except as otherwise specifically provided in this Agreement or by resolution of the Board of Directors, (1) no Director or group of Directors shall have any actual or apparent authority to enter into contracts on behalf of, or to otherwise bind, the Company, nor to take any action in the name of or on behalf of the Company or conduct any business of the Company other than by action of the Board of Directors taken in accordance with the provisions of this Agreement, and (2) no Director shall have the power or authority to delegate to any Person such Director's ’s rights and powers as a Director to manage the business and affairs of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Enbridge Energy Partners Lp), Limited Liability Company Agreement (Kinder Morgan Management LLC)
Restrictions on the Board of Directors’ Authority. Except as otherwise specifically provided in this Agreement or by resolution of the Board of Directors, (1a) no Director or group of Directors shall have any actual or apparent authority to enter into contracts on behalf of, or to otherwise bind, the Company, nor to take any action in the name of or on behalf of the Company or conduct any business of the Company other than by action of the Board of Directors taken in accordance with the provisions of this Agreement, and (2b) no Director shall have the power or authority to delegate to any Person such Director's ’s rights and powers as a Director to manage the business and affairs of the Company.
Appears in 1 contract
Samples: Purchase Agreement (Knight Inc.)
