Action of the Member. Subject to the terms of the Equityholders Agreement (including but not limited to Section 2.1(j)(i) thereof), the actions of the Member, taken in such capacity, shall bind the Company. Subject to the terms of the Equityholders Agreement, except as expressly delegated to an officer or other Person, the Member shall be the sole Person with the power to bind the Company. Unless otherwise required by this Agreement or by law, the Member may take action or give its consent in writing or by oral or electronic communication, and no action need be taken at a formal meeting.
Appears in 53 contracts
Samples: Operating Agreement (SC Sonoma Management, LLC), Operating Agreement (SC Sonoma Management, LLC), Operating Agreement (SC Sonoma Management, LLC)
