No Management Rights. Except as otherwise expressly provided in this Agreement, no Member, in its capacity as such, other than the Managing Member will have any right, power, or authority to take part in the management or control of the business of, or transact any business for, the Company, to sign for or on behalf of the Company or to bind the Company in any manner whatsoever. No Member other than the Managing Member will hold out or represent to any third party that any such Member has any such power or right or that any such Member is anything other than a member in the Company.
No Management Rights. Except as expressly provided in this Agreement, the Limited Partner shall not participate in the management or control of the Partnership’s business, be authorized to transact any business for the Partnership or have the power to act for or bind the Partnership.
No Management Rights. The Limited Partner may not take part in the management of the Partnership or transact any business for or on behalf of the Partnership. All management responsibility is vested in the General Partner, subject to the approval of the Limited Partner in those specific instances described in this Agreement.
No Management Rights. Except as specifically set forth in Article 5 hereof or otherwise in this Agreement, no Member shall take part in the management or control of the business of the Company or transact any business in the name of the Company. No Member shall have the power or authority to bind the Company or to sign any agreement or document in the name of the Company. No Member shall have any power or authority with respect to the operation of the Company, except insofar as the consent of the Member shall be expressly required by this Agreement or by the Act.
No Management Rights. Except to the extent otherwise expressly provided in this Agreement, no Member, in its capacity as such, will have any right, power, or authority to take part in the management or control of the business of, or transact any business for, the Company, to act or sign for or on behalf of the Company, or to bind the Company in any manner whatsoever. No Member will hold out or represent to any third party that any such Member has any such power or right or that any such Member is anything other than a member in the Company. 897613.05-WILSR01A - MSW
No Management Rights. Except in the case of a Limited Partner that is also a General Partner (and then only in its capacity as a General Partner within the scope of its authority hereunder), no Limited Partner shall have any right, power or authority to participate in the control or management of the Partnership’s business or affairs, or to act for or bind the Partnership in any way, such right, power and authority being vested solely in the General Partner. Without limiting the foregoing, no Limited Partner shall have the right or authority to be consulted with respect to investment decisions or other Partnership affairs or to vote on matters other than as set forth in this Agreement.
No Management Rights. Notwithstanding anything to the contrary in the Operating Agreement, management of the Company shall not be vested in all of the Class A Members of the Company but shall be vested the holders of a majority of the Class A Members or in a manager appointed by a majority of the Class A Members of the Company.
No Management Rights. The Members, as limited liability company members, shall not (a) take active part in the management of the Company, (b) have the power or authority to sign for or to bind the Company, or (c) transact any business for or on behalf of the Company; provided that the Class A Member may exercise all its rights, and the Manager shall be subject to all restrictions, as set forth in this Agreement.
No Management Rights. 9 9.4 No Authority to Bind Partnership...........................10 9.5 Rights Specified in the Act................................10 ARTICLE X
No Management Rights. No Participant Partner shall take part in the management of the business of the Partnership or transact any business for or on behalf of the Partnership. No Participant Partner shall have the power to sign for or to bind the Partnership.
