Limitations on Managers Sample Clauses
The 'Limitations on Managers' clause defines specific restrictions and boundaries on the authority and actions of managers within an organization or business entity. Typically, this clause outlines activities that managers are prohibited from undertaking without prior approval, such as entering into large contracts, incurring significant debt, or making major asset sales. By clearly delineating what managers can and cannot do, the clause helps prevent unauthorized decisions, protects the interests of owners or stakeholders, and ensures that significant actions receive appropriate oversight.
Limitations on Managers. The Company agrees that any offer to sell, any solicitation of an offer to buy or any sales of Securities shall only be effected by or through only one of ▇▇▇▇▇▇▇ ▇▇▇▇▇ or an Alternative Manager on any single given day, but in no event more than one, and the Company shall in no event request that ▇▇▇▇▇▇▇ ▇▇▇▇▇ and one or both of the Alternative Managers sell Securities on the same day.
Limitations on Managers. The Company agrees that an offer to sell, any solicitation of an offer to buy, or any sales of Placement Shares shall only be effected by or through any one Agent or Forward Seller, as the case may be, on any single given day, and the Company shall in no event request that any other Agent or Forward Seller, as the case may be, sell the Placement Shares on the same day.
Limitations on Managers. Notwithstanding anything in this Agreement to the contrary, without the consent of the Members, the Manager(s) shall have no authority to:
(a) Do any act in contravention of this Agreement;
(b) Do any act which would make it impossible to carry on the ordinary business of the Company;
(c) Confess a judgment against the Company;
(d) Possess Company property or assign the rights of the Company in specific Company property for other than a Company purpose; or
(e) Admit a Person as a Member, except as otherwise provided in this Agreement.
Limitations on Managers. The Company agrees that any offer to sell, any solicitation of an offer to buy or any sales of Securities shall only be effected by or through only one of Jefferies or an Alternative Manager on any single given day, but in no event more than one, and the Company shall in no event request that Jefferies and one or both of the Alternative Managers sell Securities on the same day.
Limitations on Managers. The Company agrees that any offer to sell, any solicitation of an offer to buy or any sales of Securities shall only be effected by or through only one of the Manager or an Alternative Manager on any single given day, but in no event more than one, and the Company shall in no event request that the Manager and one or both of the Alternative Managers sell Securities on the same day; provided, however, that (a) the foregoing limitation shall not apply to (i) exercise of any option, warrant, right or any conversion privilege set forth in the instrument governing such security or (ii) sales solely to employees or security holders of the Company or its subsidiaries, or to a trustee or other person acquiring such securities for the accounts of such persons, and (b) such limitation shall not apply on any day during which no sales are made pursuant to this Agreement.
Limitations on Managers. The Company agrees that any offer to sell, any solicitation of an offer to buy or any sales of Securities under this Agreement shall only be effected by or through only one of BofA ▇▇▇▇▇▇▇ ▇▇▇▇▇ or an Alternative Manager on any single given day, but in no event more than one, and the Company shall in no event request that BofA ▇▇▇▇▇▇▇ ▇▇▇▇▇ and one or more of the Alternative Managers sell Securities on the same day.
Limitations on Managers. The Company agrees that any offer to sell, any solicitation of an offer to buy or any sales of Securities shall only be effected by or through only one of HSBC or an Alternative Manager on any single given day, but in no event more than one, and the Company shall in no event request that HSBC and one or more of the Alternative Managers sell Securities on the same day.
Limitations on Managers. The Company agrees that any offer to sell, any solicitation of an offer to buy or any sales of Securities shall only be effected by or through only one of SunTrust or an Alternative Manager on any single given day, but in no event more than one, and the Company shall in no event request that SunTrust and one or more of the Alternative Managers sell Securities on the same day.
Limitations on Managers. The Managers shall be subject to all the restrictions and limitations of managers under the Act.
Limitations on Managers. The Company agrees that any offer to sell, any solicitation of an offer to buy or any sales of Securities under this Agreement shall only be effected by or through only one of RBC Capital Markets or an Alternative Manager on any single given day, but in no event more than one, and the Company shall in no event request that RBC Capital Markets and one or more of the Alternative Managers sell Securities on the same day.