Members Have No Managerial Authority. The Members shall have no power to participate in the management of the Company, except as expressly authorized by this Agreement.
Appears in 9 contracts
Samples: Management Agreement, Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.), Limited Liability Company Agreement (KBS Strategic Opportunity REIT II, Inc.)
Members Have No Managerial Authority. The Members shall have no power to participate in the management of the Company, Company except as expressly authorized by this AgreementAgreement or the Articles and except as expressly required by the Act. Unless expressly and duly authorized in writing to do so by the Manager, no Member shall have any power or authority to bind or act on behalf of the Company in any way, to pledge its credit, or to render it liable for any purpose.
Appears in 5 contracts
Samples: Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC), Operating Agreement (Chosen, LLC)
Members Have No Managerial Authority. The Members shall have no power to participate in or direct the management of the Company, Company except as expressly authorized by this Agreement. Unless expressly and duly authorized in writing to do so by the Manager, no Member shall have any power or authority to bind or act on behalf of the Company in any way, to pledge its credit, or to render it liable for any purpose.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Golden Pacific Homes, LLC), Limited Liability Company Agreement (Golden Pacific Homes, LLC)
Members Have No Managerial Authority. The Members shall have no power to participate in the management of the Company, Company except as expressly authorized by this AgreementAgreement and except as expressly required by any non-waivable provision of the Act. Without the written authorization of the Managers to do so, no Member shall have any power or authority to bind or act on behalf of the Company in any way, to pledge its assets or to render it liable for any purpose.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Internetstudios Com Inc), Limited Liability Company Agreement (Internetstudios Com Inc)
Members Have No Managerial Authority. The Members shall have no power to participate in or direct the management of the Company, to vote upon or approve or disapprove any matter or action, except as expressly authorized by provided in this Agreement. Unless expressly and duly authorized in writing to do so by the Manager, no Member shall have any power or authority to bind or act on behalf of the Company in any way, to pledge its credit, or to render it liable for any purpose.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Members Have No Managerial Authority. The Members shall have no power to participate in the management of the Company, except as expressly authorized by this Agreement.. 2.07
Appears in 1 contract
Samples: Limited Liability Company Agreement (Pacific Oak Strategic Opportunity REIT, Inc.)
Members Have No Managerial Authority. The Members shall have no power to participate in the management of the Company, except as expressly authorized by this Agreement.. 2.08
Appears in 1 contract
Samples: Limited Liability Company Agreement
Members Have No Managerial Authority. The Members shall have no power to participate in the management of the Company, Company except as expressly authorized by this AgreementAgreement and except as expressly required by any non-waivable provision of the Act. No Member shall have any power or authority to bind or act on behalf of the Company in any way, to pledge its assets or to render it liable for any purpose.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Internetstudios Com Inc)
