Rights of the Member. The Member, in its capacity as such, shall take no part in the management or control of the Company’s business and shall have no right to act for or bind the Company or to vote on matters other than the matters specified in this Agreement or required by any non-waivable provision of the Act.
Appears in 23 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (United States Brent Oil Fund, LP), Limited Liability Company Agreement (United States Commodity Index Funds Trust)
Rights of the Member. The Member, in its capacity as such, shall take no part xxx in the management or control of the Company’s business and shall have no right to act for or bind the Company or to vote on matters other than the matters specified in this Agreement or required by any non-waivable provision of the Act.
Appears in 9 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (United States Short Oil Fund, LP), Limited Liability Company Agreement (United States Heating Oil Fund, LP)
