Members Not Agents Sample Clauses

Members Not Agents. Nothing contained herein shall be construed to constitute any Member the agent of another Member, except as specifically provided herein.
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Members Not Agents. Nothing contained in this Agreement will be construed to constitute any Member as the agent of another Member or of the Company.
Members Not Agents. The Members shall have no authority to act in the name of and for the Company solely by virtue of being a member of the Company.
Members Not Agents. No Member is an agent of the Company solely by virtue of being a Member, and no Member has authority to act for or bind the Company solely by virtue of being a Member. This Section 5.1(c) supersedes any authority granted to the Members pursuant to any provision of the Act. Any Member who takes any action or binds the Company in violation of this Section 5.1(c) shall be solely responsible for any loss and expense incurred by the Company as a result of the unauthorized action and shall indemnify and hold the Company harmless with respect to the loss or expense.
Members Not Agents. Nothing contained herein shall be construed to constitute any Member the agent of another Member, except as otherwise expressly provided herein, or in any manner to limit the Members in the carrying on of their own respective businesses or activities. Furthermore, pursuant to Section 18-303 of the Delaware Act, no Member shall be personally obligated for any debt, obligation or liability of the Company solely by reason of being a Member or acting as the Managing Member of the Company.
Members Not Agents. This Agreement does not constitute any Member as the agent or legal representative of the other Member for any purpose whatsoever. No Member is granted any express or implied right or authority by any other Member to assume or to create any obligation or responsibility on behalf of, or in the name of, the other Member, or to bind the other Member in any manner or thing whatsoever.
Members Not Agents. Pursuant to the provisions of Section 5 and the Certificate of Formation, the management of the Company is vested in the Board. No Member, acting solely in the capacity of a Member, is an agent of the Company nor can any Member acting as an agent bind, nor execute any instrument on behalf of, the Company.
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Members Not Agents. Except for the Member acting as the Tax Matters Member in accordance with Section 4.5, neither Member shall, without the prior approval of the Executive Committee, take any action on behalf of or in the name of the Company, or enter into any commitment or obligation binding upon the Company, except for actions expressly authorized by the terms of this Agreement. Neither the Company nor any Member of the Company may take any action which could impose any liability, contingent liability, obligation or commitment on a Member without such Member's prior written consent.
Members Not Agents. The Members shall have no power to participate ------------------ in the day-to-day management of the Company except as expressly authorized by this Agreement or the Certificate, as expressly required by the Delaware Act or through their participation on the Management Committee. No Member, acting solely in the capacity of a Member, is an agent of the Company nor does any Member, acting solely in the capacity of a Member, have any power or authority to bind or act on behalf of the Company in any way, to pledge its credit, to execute any instrument on its behalf or to render it liable for any purpose.
Members Not Agents. No Member, acting solely in its capacity as a Member, is an agent of the Company, nor does such Member have any authority to bind the Company.
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