Common use of Restrictions on the Power of the Managers Clause in Contracts

Restrictions on the Power of the Managers. None of the Managers will have the authority to: (a) cause the Company to do any acts in violation of or in breach of any agreement entered into by the Company; (b) take any action in contravention of the Act, the Certificate of Formation or this Agreement; (c) to the fullest extent permitted by Applicable Law, take any action that would make it impossible to carry on the ordinary activities of the Company; (d) knowingly perform any act that would subject the Member or any Holder to loss of limited liability in any jurisdiction; or (e) except as permitted under Section 7.02, take any action to amend or modify the Certificate of Formation or this Agreement.

Restrictions on the Power of the Managers. None of the Managers will have the authority to: (a) cause the Company to do any acts in violation of or in breach of any agreement entered into by the Company; (b) take any action in contravention of the Act, the Certificate of Formation or this Agreement; (c) to the fullest extent permitted by Applicable Law, take any action that would make it impossible to carry on the ordinary activities of the Company; (d) knowingly perform any act that would subject the Member or any Holder to loss of limited liability in any jurisdiction; or (e) except as permitted under Section 7.029.1, take any action to amend or modify the Certificate of Formation or this Agreement.

Restrictions on the Power of the Managers. None of the Managers will have the authority to: (a) cause the Company to do any acts in violation of or in breach of any agreement entered into by the Company; (b) take any action in contravention of the Act, the Certificate of Formation or this Agreement; (c) to the fullest extent permitted by Applicable Law, take any action that would make it impossible to carry on the ordinary activities of the Company; (d) knowingly perform any act that would subject the Member or any Holder to loss of limited liability in any jurisdiction; or (e) except as permitted under Section 7.028.2, take any action to amend or modify the Certificate of Formation or this Agreement.

Restrictions on the Power of the Managers. None The Board of the Managers will shall not have the authority to: (a) cause the Company to do any acts in violation of or in breach of any Basic Document or any other agreement entered into by the Company; (b) take any action in contravention of the Act, the Certificate of Formation or this AgreementAgreement (each as may be amended); (c) to the fullest extent permitted by Applicable Law, take any action that would make it impossible to carry on the ordinary activities business of the Company; (d) admit any Person as a member of the Company; (e) knowingly perform any act that would subject the Member or any Holder to loss of limited liability in any jurisdiction; or (ef) except as permitted under Section 7.029.2, take any action to amend or modify the Certificate of Formation or this Agreement.