Common use of Powers of the Members Clause in Contracts

Powers of the Members. Except as expressly provided in this Agreement, the Members shall take no part in the management of the business or transact any business for the Company and shall have no power to sign for or bind the Company solely in their capacity as Members; provided, however, that the Members shall have the approval and consent rights provided under the Act and this Agreement.

Appears in 3 contracts

Samples: Operating Agreement, Operating Agreement (Autobytel Inc), Operating Agreement (Autobytel Com Inc)

AutoNDA by SimpleDocs

Powers of the Members. Except as expressly provided in this Agreement, the Members shall take no part in the management of the business or transact any business for the Company and shall have no power to sign for or bind the Company solely in their capacity as Members; provided, however, that that, the Members shall -------- ------- ---- have the approval and consent rights as described in this Agreement and provided under the Act and this AgreementAct.

Appears in 1 contract

Samples: Operating Agreement (Onepoint Communications Corp /De)

Powers of the Members. Except as expressly provided in this Agreement --------------------- and except for certain rights expressly provided in the Contribution Agreement, the Members shall take no part in the management of the business or transact any business for the Company and shall have no power to sign for or bind the Company solely in their capacity as Members; providedMember, howeverexcept as the Manager may, that the Members shall have the approval and consent rights provided under the Act and this Agreementfrom time to time, request.

Appears in 1 contract

Samples: Operating Agreement (Onepoint Communications Corp /De)

Powers of the Members. Except as expressly provided in this Agreement, the Members shall take no part in the management of the business or transact any business for the Company and shall have no power to sign for or bind the Company solely in their capacity as Members; provided, however, that that, the Members shall -------- ------- have the approval and consent rights as described in this Agreement and provided under the Act and this AgreementAct.

Appears in 1 contract

Samples: Operating Agreement (Onepoint Communications Corp /De)

AutoNDA by SimpleDocs

Powers of the Members. Except as expressly provided in this Agreementagreement, the Members shall take no part in the management of the business or transact any business for the Company and shall have no power to sign for or bind the Company solely in their capacity as Membersmembers; provided, however, that that, the Members members shall -------- ------- have the approval and consent rights as described in this Agreement and provided under the Act and this AgreementAct.

Appears in 1 contract

Samples: Operating Agreement (Onepoint Communications Corp /De)

Powers of the Members. Except as expressly provided in this Agreementagreement, the Members shall take no part in the management Management of the business Business or transact any business for the Company company and shall have no power to sign for or bind the Company solely in their capacity as Membersmembers; provided, however, that that, -------- ------- ---- the Members shall have the approval and consent rights as described in this agreement and provided under the Act and this Agreementact.

Appears in 1 contract

Samples: Operating Agreement (Onepoint Communications Corp /De)

Time is Money Join Law Insider Premium to draft better contracts faster.