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Common use of Rights of Members Clause in Contracts

Rights of Members. Except as otherwise provided in this Agreement, the Members shall take no part in the management or control of the Company's business. Members shall have no right or authority to act for the Company or to vote on matters other than the matters set forth in this Agreement or as required by applicable law. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's capital contributions.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund Ii LLC), Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC)

Rights of Members. Except as otherwise provided set forth in this Agreement, the Members no Member shall have any right or power to take no part in the management or control of the Company's business. Members shall have no right Company or authority its business affairs or to act for or bind the Company or to vote on matters other than the matters set forth in this Agreement or as required by applicable law. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's capital contributionsany way.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Sierra on Line Inc)

Rights of Members. Except as otherwise expressly provided in this Agreement, the Members no Member shall take no part be entitled to participate in the control and management or control of the Company's business. Members , nor shall any Member have no the right to sign for or authority to act for bind the Company except when acting as a duly designated Manager or when acting within the scope of powers properly delegated by the Board of Managers to vote on matters other than a Member, officer, employee or agent of the matters set forth in this Agreement or as required by applicable law. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's capital contributionsCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement (PREMIER NUTRITION Corp)

Rights of Members. Except as otherwise required by the Act or as provided in under this Agreement, the Members shall take have no part rights to vote on or participate in the management business or control the operation of the Company's business. Members shall have no right or authority to act for the Company or to vote on matters other than the matters set forth in this Agreement or as required by applicable law. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's capital contributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Rights of Members. Except as otherwise provided in this Agreement, the The Members shall take no part in the management management, control, or control operation of the Company's business. Members ’s business and shall have no right or authority to act for the Company or to vote on matters other than the matters as set forth in this Agreement or as required by applicable law. Except as otherwise provided herein or required by law, a Member shall have no liability for the liability debts or obligations of each Member is limited to the amount of such Member's capital contributionsCompany.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Nelnet Inc)

Rights of Members. Members shall have the rights and obligations provided in this Agreement and, to the extent consistent with this Agreement, the Act. Except as otherwise expressly provided in this Agreement, the Members no Member, in its capacity as such, shall have any right, power or authority to take no part in the management or control of the Company's business. Members shall have no right Company or authority its business and affairs or to act for or bind the Company or to vote on matters other than the matters set forth in this Agreement or as required by applicable law. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's capital contributionsany way.

Appears in 1 contract

Samples: LLC Operating Agreement (Amyris, Inc.)

Rights of Members. Except as otherwise provided in this Agreement, the Members shall take no part in the management or control of the Company's ’s business. Members shall have no right or authority to act for the Company or to vote on matters other than the matters set forth in this Agreement or as required by applicable law. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's ’s capital contributions.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Graham Alternative Investment Fund I LLC)

Rights of Members. Except as otherwise provided in this Agreement, Agreement the Members shall take have no part right to participate in the management or control of the Company's business. Members shall have no right or authority to act for the Company or to vote on matters other than the matters set forth in this Agreement or as required by applicable lawlaw and not subject to a different requirement under this Agreement. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's his capital contributionscontributions (plus any accretions in value thereto prior to withdrawal).

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Seaway Valley Capital Corp)

Rights of Members. Except as otherwise expressly provided in this Agreement, the Members no Member shall take no part be entitled to participate in the control and management or control of the Company's business. Members , nor shall any Member have no the right to sign for or authority to act for bind the Company except when acting as a duly designated Manager or when acting within the scope of powers properly delegated by the Board to vote on matters other than a Member, officer, employee or agent of the matters set forth in this Agreement or as required by applicable law. Except as otherwise provided by law, the liability of each Member is limited to the amount of such Member's capital contributionsCompany.

Appears in 1 contract

Samples: Operating Agreement (Buy Com Inc)