Relationship of the Members. The relationship between the Members shall be limited to the performance of the transactions contemplated by this Agreement and by the Formation Agreement and in accordance with their terms. Nothing herein shall be construed to authorize a Member to act as general agent for the other Member(s).
Relationship of the Members. The relationship of the --------------------------- Members shall be limited solely to the purpose and scope of the Company as expressed in this LLC Agreement and in the Ancillary Agreements. This LLC Agreement shall not constitute the appointment of either party to this LLC Agreement as the legal representative or agent of the other party. Neither party to this LLC Agreement shall have any right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name of or on behalf of the other party to this LLC Agreement. Except as may be specifically provided in this LLC Agreement or any Ancillary Agreement, neither the Company nor either party shall assume or be responsible for any liability or obligation of any nature of, or any liability or obligation that arises from any act or omission to act of, any other party however or whenever arising.
Relationship of the Members. (a) The relationship of the Members shall be limited solely to the purpose and scope of the Company as expressed in this Operating Agreement and the Additional Agreements. This Operating Agreement shall not constitute the appointment of any party to this Operating Agreement as the legal representative or agent of any other party to this Operating Agreement. No party to this Operating Agreement, by reason of such status, shall have any right or authority to assume, create or incur any liability or any obligation of any kind, express or implied, against or in the name of or on behalf of any other party to this Operating Agreement. Except as may be specifically provided in this Operating Agreement or any Additional Agreement, neither the Company nor any party to this Operating Agreement shall assume or be responsible for any liability or obligation of any nature of, or any liability or obligation that arises from any act or omission to act of, any other party to this Operating Agreement however or whenever arising.
Relationship of the Members. Each of the Consortium Members is an independent contractor and nothing contained in this Agreement shall be construed to imply that there is any relationship between the Members of the Consortium, nor that there is a relationship of employer and employee. The Members are not engaging in a joint venture and accordingly none of the Members shall have any right or authority to act on behalf of the others nor to bind the others by contract or otherwise, unless expressly permitted by the terms of this Agreement.
Relationship of the Members. 3 4.1 Transfer or Termination of Rights.................................. 3 4.2 Abandonment and Surrender of Properties............................ 3 4.3
Relationship of the Members. 6 5.1 Limitation on Authority of Members.................................... 6 5.2 Federal Tax Elections and Allocations................................. 6 5.3 State Income Tax...................................................... 6 5.4
Relationship of the Members. The Members are independent contractors. Nothing in this Agreement will be construed to create any partnership, joint venture, or similar relationship. No Member is authorized to bind the other to any obligations with third parties.
Relationship of the Members. 4.1 Transfer or Termination of Rights. 4.2
Relationship of the Members. 5.1 Limitation on Authority of Members 5.2 Federal Tax Elections and Allocations 5.3 State Income Tax 5.4 Tax Returns 5.5 Other Business Opportunities 5.6 Waiver of Rights to Partition or Other Division of Assets 5.7 Bankruptcy of a Member 5.8 Implied Covenants 5.9 No Certificate 5.10 Limitation of Liability 5.11 Indemnities 5.12 No Third Party Beneficiary Rights ARTICLE VI REPRESENTATIONS AND WARRANTIES 6.1 Capacity of the Members ARTICLE VII TRANSFER OF INTEREST; PREEMPTIVE RIGHT 7.1 General 7.2 Limitations on Free Transferability 7.3 Preemptive Right
Relationship of the Members
