Rights and Duties of the Members Sample Clauses
The "Rights and Duties of the Members" clause defines the specific entitlements and obligations that each member of an organization or entity holds. It typically outlines what members are permitted to do, such as voting on key decisions, accessing certain information, or participating in meetings, as well as their responsibilities, like contributing to the entity’s operations or adhering to its rules. By clearly delineating these rights and duties, the clause helps prevent misunderstandings and ensures that all members understand their roles and expectations within the organization.
Rights and Duties of the Members. 3.1 Management by Member(s). The Company will be managed by the Member(s). The conduct of the Company’s business and the management of its affairs will be exercised and conducted solely by the Member(s) in accordance with this Agreement. Subject to Section 2.5(c)(iii), the Member(s) has the exclusive right to act for the Company and may act for and on behalf of the Company and execute all agreements on behalf of the Company and otherwise bind the Company as to third parties.
Rights and Duties of the Members. Except as otherwise provided herein, Members shall have full, exclusive and complete authority and discretion in the management and control of the business of the Company and shall make all decisions affecting the business of the Company. Further, the Members shall have all of the rights and powers of a member as provided in the Act and as otherwise provided by law or this Limited Liability Company Agreement, and any action taken by a Member shall constitute the act of and serve to bind the Company. Each member shall manage and control the affairs of the Company to the best of its ability and shall use its best efforts to carry out the business of the Company as set forth in Article II.
Rights and Duties of the Members. AND CONDUCT OF THE BUSINESS OF THE COMPANY.......................................9 Section 3.1 Members...................................................9 Section 3.2
Rights and Duties of the Members. Except as otherwise provided herein, the Managing Member shall have full, exclusive and complete authority and discretion in the management and control of the business of the Company and shall make all decisions affecting the business of the Company. Further, the Managing Member shall have all of the rights and powers of a member and manager as provided in the Act and as otherwise provided by law or this Limited Liability Company Agreement, and, except as otherwise provided herein, any action taken by the Managing Member shall constitute the act of and serve to bind the Company. The Managing Member shall manage and control the affairs of the Company to the best of its ability and shall use its best efforts to carry out the business of the Company as set forth in Limited Liability Company Agreement.
Rights and Duties of the Members