Common use of Limitations on Members Clause in Contracts

Limitations on Members. Other than as specifically provided for in this Agreement or the Act, no Member shall: (i) be permitted to take part in the business or control of the business or affairs of the Company; (ii) have any voice in the management or operation of any Company property; or (iii) have the authority or power to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, or to incur any expenditures on behalf of or with respect to the Company.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement (Noble Midstream Partners LP)

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Limitations on Members. Other than as specifically provided for in this Agreement or the Act, no Member shall: (i) be permitted to take part in the business or control of the business or affairs of the Company; (ii) have any voice in the management or operation of any Company property; or (iii) shall have the authority or power to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, or to incur any expenditures expenditures, debts, liabilities or obligations on behalf of or with respect to the CompanyCompany or any other Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement

Limitations on Members. Other than No Member (in his, her or its capacity as specifically provided for in this Agreement or the Act, no Member shall: a Member) shall (ia) be permitted to take part in the business or control of the business or affairs of the Company; (iib) have any voice in the management or operation of any Company property; or (iii) have the authority or power to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, or to incur any expenditures on behalf of or with respect to the Company.;

Appears in 1 contract

Samples: Limited Liability Company Agreement

Limitations on Members. Other than Except as specifically otherwise provided for ---------------------- in this Agreement or the ActAgreement, no Member shall: (i) be permitted to take part in the business or control of the business or affairs of the Company; (ii) have any voice in the management or operation of any Company property; or (iii) shall have the authority or power in his, her or its capacity as a Member to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, Member or to incur any expenditures on behalf of or with respect to the Company.

Appears in 1 contract

Samples: Operating Agreement (Greenmountain Com Co)

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Limitations on Members. Other than The Members (in his or its capacity as specifically provided for in this Agreement or the Act, no Member shalla Member) shall not: (ia) be permitted to take part in the business or control of the business or affairs of the Company; (iib) have any voice in the management or operation of any Company property; or (iii) have the authority or power to act as agent for or on behalf of the Company or any other Member, to do any act which would be binding on the Company or any other Member, or to incur any expenditures on behalf of or with respect to the Company.or

Appears in 1 contract

Samples: Limited Liability Company Agreement (Centennial Resource Development, Inc.)

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