Rights, Powers and Duties of Investing Members Sample Clauses

Rights, Powers and Duties of Investing Members. To the fullest extent permitted under the Company Act, the Investing Members shall only have the rights expressly set forth in this Agreement. Notwithstanding any contrary provision contained in this Agreement, no Investing Member shall take part in the day-to-day management of the business of, or transact any business for, the Company, or perform or exercise any right, power or duty which would deprive such Investing Member of Investing Membership status or limited liability under the Applicable New York Law, including the Company Act, and no Investing Member shall have the power to sign for or bind the Company in any manner whatsoever. No salary shall be paid to any Investing Member nor shall any Investing Member have a drawing account. No Investing Member shall perform any act which is detrimental to the best interests of the Company or which would make it impossible to carry on the ordinary business of the Company.
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Related to Rights, Powers and Duties of Investing Members

  • Duties of Members Each Member shall use his or her best efforts to promote the business of the LLC.

  • Powers and Duties Each Lender irrevocably authorizes each Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon any Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein or therein.

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  • Duties of City CITY shall provide pertinent information regarding its requirements for the project. CITY shall examine documents submitted by CONSULTANT and shall render decisions pertaining thereto promptly, to avoid unreasonable delay in the progress of CONSULTANT'S work.

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  • Rights and Duties of Warrant Agent (1) In the exercise of the rights and duties prescribed or conferred by the terms of this Indenture, the Warrant Agent shall exercise that degree of care, diligence and skill that a reasonably prudent warrant agent would exercise in comparable circumstances. No provision of this Indenture shall be construed to relieve the Warrant Agent from liability for its own gross negligent action, wilful misconduct, bad faith or fraud under this Indenture.

  • Duties of the Parties JHU is not a commercial organization. It is an institute of research and education. Therefore, JHU has no ability to evaluate the commercial potential of any PATENT RIGHTS or LICENSED PRODUCT or other license or rights granted in this Agreement. It is therefore incumbent upon Company to evaluate the rights and products in question, to examine the materials and information provided by JHU, and to determine for itself the validity of any PATENT RIGHTS, its freedom to operate, and the value of any LICENSED PRODUCTS or SERVICES or other rights granted.

  • Duties of Agent The Agent shall:

  • DUTIES OF THE CONTRACTOR shall be to provide services in accordance with Exhibit A, Statement of Work, which is attached hereto and made a part hereof. The performance of these duties shall be at times and places within the limits of District policy at the discretion of the Contractor.

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