Participation by Members. No Investor Member shall participate in or interfere with the management of the Company or the operation of its business. The exercise by an Investor Member of any of his rights or powers granted in this Agreement shall not be deemed taking part in control of the business of the Company and shall not constitute a violation of this Section 6.4. No Investor Member shall have any power or authority to sign for or to bind the Company in any manner or for any purpose whatsoever. No Investor Member shall have priority over any other Member with respect to any rights or duties contained in this Agreement, unless expressly provided for in this Agreement.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (White Owl Investors LLC), Limited Liability Company Agreement (Ziegler William R), Limited Liability Company Agreement (Blackhawk Investors LLC)