Common use of Rights and Duties of Members Clause in Contracts

Rights and Duties of Members. The Company is a “manager- managed” limited liability company under the LLCA which shall be managed by a Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”). Except as may hereafter be required or permitted by the LLCA or as specifically provided herein, the Member shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.

Rights and Duties of Members. The Company is a “manager- "manager-managed” " limited liability company under the LLCA Law which shall be managed by a Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”)Managing Member. Except as may hereafter be required or permitted by the LLCA Law or as specifically provided herein, the Member Members (other than the Managing Member) shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.

Rights and Duties of Members. The Company is a “manager- manager-managed” limited liability company under the LLCA RULLCA which shall be managed by a the Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”)Managers. Except as may hereafter be required or permitted by the LLCA RULLCA or as specifically provided herein, the Member shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.

Rights and Duties of Members. The Company is a “manager- manager-managed” limited liability company under the LLCA which shall be managed by a Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”). Except as may hereafter be required or permitted by the LLCA or as specifically provided herein, the Member shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.

Rights and Duties of Members. The Company is a “manager- manager-managed” limited liability company under the LLCA LLC Act which shall be managed by a Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”). Except as may hereafter be required or permitted by the LLCA LLC Act or as specifically provided herein, the Member shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.

Rights and Duties of Members. The Company is a “manager- manager-managed” limited liability company under the LLCA which shall be managed by a the Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”)Managers. Except as may hereafter be required or permitted by the LLCA or as specifically provided herein, the Member shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.

Rights and Duties of Members. The Company is a “manager- manager-managed” limited liability company under the LLCA MLLCA which shall be managed by a Board of Managers (the “Board”, also referred to in this Agreement as, the “Manager”). Except as may hereafter be required or permitted by the LLCA MLLCA or as specifically provided herein, the Member shall in such capacity take no part whatever in the control, management, direction or operation of the affairs of the Company and shall have no power to act for or bind the Company.