Common use of Rights and Powers of the Members Clause in Contracts

Rights and Powers of the Members. The Members shall not have any right or power to take part in the management or control of the Company or its business and affairs or to act for or bind the Company in any way. Notwithstanding the foregoing, the Members have all the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the Act. The Members have no voting rights except with respect to those matters specifically set forth in this Agreement, and any action with respect to such matters must be approved by all of the Members. Notwithstanding any other provision of this Agreement, no action may be taken by the Company (whether by the Board of Directors, or otherwise) in connection with any of the following matters without the consent of the Members: DB1/ 73251290.4

Appears in 1 contract

Samples: Limited Liability Company Agreement (Jefferies Group LLC)

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Rights and Powers of the Members. The Members shall not have any right or power to take part in the management or control of the Company or its business and affairs or to act for or bind the Company in any way. Notwithstanding the foregoing, the Members have all the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the Act. The Members have no voting rights except with respect to those matters specifically set forth in this AgreementAgreement and, and any action with respect to such matters must be approved by all of the Membersextent not inconsistent herewith, as required in the Act. Notwithstanding any other provision of this Agreement, no action may be taken by the Company (whether by the Board of Directors, Officers, or otherwise) in connection with any of the following matters without the written consent of the Members: DB1/ 73251290.4:

Appears in 1 contract

Samples: Agreement (Professional Teleconcepts, Inc.)

Rights and Powers of the Members. The Members shall not have any right or power to take part in the management or control of the Company or its business and affairs or to act for or bind the Company in any way. Notwithstanding the foregoing, the Members have all the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the Act. The Members have no voting rights except with respect to those matters specifically set forth in this Agreement, and any action with respect to such matters must be approved by all of the Members. Notwithstanding any other provision of this Agreement, no action may be taken by the Company (whether by the Board of Directors, or otherwise) in connection with any of the following matters without the consent of the Members: DB1/ 73251290.4:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Jefferies Group LLC)

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Rights and Powers of the Members. The Members shall not have any right or power to take part in the management or control of the Company or its business and affairs or to act for or bind the Company in any way. Notwithstanding the foregoing, the Members have all the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the Act. The Members have no voting rights except with respect to those matters specifically set forth in this Agreement, and any action with respect to such matters must be approved by unanimous vote of 100% of the Interests of all of the Members. Notwithstanding any other provision of this Agreement, no action may be taken by the Company (whether by the Board of DirectorsManagers, or otherwise) in connection with any of the following matters without the consent of the Members: DB1/ 73251290.4:

Appears in 1 contract

Samples: Limited Liability Company Agreement (Morgan Stanley Capital Trust Iv)

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