Common use of Rights or Powers Clause in Contracts

Rights or Powers. Except as otherwise expressly provided for in this Agreement, 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.

Appears in 40 contracts

Samples: Operating Agreement, Operating Agreement (Siouxland Renewable Holdings, LLC), Operating Agreement

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Rights or Powers. Except as otherwise expressly provided for in this Agreement, the 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.

Appears in 9 contracts

Samples: Operating Agreement, Notice, Operating Agreement

Rights or Powers. Except as otherwise expressly provided for in this Agreement, the Members shall Members, in their capacities as members of the Company, hereby agree not have to exercise 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.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.), Limited Liability Company Agreement (Environtech Inc.)

Rights or Powers. Except as otherwise expressly provided for in this Agreement, the 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 Amended Agreement, including, without limitation, those rights and powers set forth in Section 12.1 and, to the extent not inconsistent with this Amended Agreement, in the Act.

Appears in 4 contracts

Samples: Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO LLC), Operating Agreement (Macquarie Infrastructure CO Trust)

Rights or Powers. Except The Members acting as otherwise expressly provided for in this Agreement, the Members such 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 (i) in this Agreement, including, without limitation, those rights and powers set forth in Article 12, (ii) in any applicable Trust Interest Designation and (iii) to the extent not inconsistent with this Agreement, in the Act.

Appears in 2 contracts

Samples: Operating Agreement (Compass Group Diversified Holdings LLC), Operating Agreement (Compass Group Diversified Holdings LLC)

Rights or Powers. Except The Members acting as otherwise expressly provided for in this Agreement, the Members such 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, including, without limitation, those 50 rights and powers set forth in Article 12 and, to the extent not inconsistent with this Agreement, in the Act.

Appears in 2 contracts

Samples: Operating Agreement (Compass Diversified Holdings), Operating Agreement (Compass Group Diversified Holdings LLC)

Rights or Powers. Except The Members acting as otherwise expressly provided for in this Agreement, the Members such 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, including, without limitation, those rights and powers set forth in Article 12 and, to the extent not inconsistent with this Agreement, in the Act.

Appears in 2 contracts

Samples: Operating Agreement (Compass Diversified Holdings), Operating Agreement (Compass Diversified Trust)

Rights or Powers. Except as otherwise expressly provided for in this Agreement, 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.. 6.5

Appears in 2 contracts

Samples: Operating Agreement (Cardinal Ethanol LLC), Operating Agreement (Cardinal Ethanol LLC)

Rights or Powers. Except The Members, in their capacities as otherwise expressly provided for in this AgreementMembers of the Company, 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. 5.2

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Pepco Holdings Inc), Operating Agreement (Pepco Holdings Inc)

Rights or Powers. Except as otherwise expressly provided for in this Agreement, the 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 of the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the Act.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bunge LTD), Operating Agreement (Rock Tenn Co)

Rights or Powers. Except as otherwise expressly provided for in this Agreementset forth herein, 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. ARTICLE ARTICLE SECTION 7.2.

Appears in 1 contract

Samples: Operating Agreement (International Airline Support Group Inc)

Rights or Powers. Except as otherwise expressly provided for set forth in this Agreement, the Members no Member 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.

Appears in 1 contract

Samples: Operating Agreement

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Rights or Powers. Except as otherwise expressly provided for in this Agreement, 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. A Member is not an agent of the Company for the purpose of its business or affairs or otherwise.

Appears in 1 contract

Samples: Operating Agreement

Rights or Powers. Except The Members, in their capacities as otherwise expressly provided for in this Agreementmembers of the Company, the Members shall hereby agree not have to exercise 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 of the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the Act. 6.2

Appears in 1 contract

Samples: Operating Agreement (Pepco Holdings Inc)

Rights or Powers. Except as otherwise expressly provided for in this Agreement, the 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 including those rights and powers set forth in Section 11.1 and, to the extent not inconsistent with this Agreement, in the Act.

Appears in 1 contract

Samples: Operating Agreement (Macquarie Infrastructure Assets Trust)

Rights or Powers. Except as otherwise expressly provided for in this Agreementany of the Related Agreements, the Members shall will 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, except as provided in any agreements between any of the Members and the Company approved by Management Committee Action as provided in Section 5.1(b)(ii)(F).

Appears in 1 contract

Samples: Operating Agreement (GLCC Laurel, LLC)

Rights or Powers. Except as otherwise expressly provided for in this Agreementspecifically set forth herein, the Members as such 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.

Appears in 1 contract

Samples: Operating Agreement (Paula Financial)

Rights or Powers. Except as otherwise expressly provided for in this Agreement, the Members The Member 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 Member has all the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Nacg Finance LLC)

Rights or Powers. Except as otherwise expressly provided for in this Agreement, the 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 to bind the Company in any way. Notwithstanding the foregoing, the Members shall have all the rights and powers specifically set forth in this Agreement and, to the extent not inconsistent with this Agreement, in the NRS.

Appears in 1 contract

Samples: Operating Agreement (Reading International Inc)

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