Restrictions on Authority of the Manager Sample Clauses

Restrictions on Authority of the Manager. The Manager shall not have the authority or right to do any of the following acts:
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Restrictions on Authority of the Manager. Except as otherwise provided in this Agreement, without the consent of both the Manager and the Special Purpose Manager, the Manager shall not have the authority to, and covenants and agrees that it shall not:
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Restrictions on Authority of the Manager. The Manager shall not have the authority to, and covenants and agrees that it shall not, do any of the following acts without the majority Consent of the members of the Policy Board:
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Restrictions on Authority of the Manager. Notwithstanding the grant of authority to the Manager under Section 5.1 hereof, without Required Approval, the Manager shall not:
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Restrictions on Authority of the Manager. No Manager shall have the authority to, and every manager attached and agree that it shall not take or do any of the following actions without the Approval of the Members: (a) Cause or permit the Company to engage in any activity that is not consistent with the purposes of the Company as set out in this Agreement; (b) The Company obliges to obtain any interest in any oil and gas properties or any other property; (c) Borrow money for the Company of banks, other lending institutions, the Manager, Members or Affiliates of the Manager or Members or in connection thereto, to hypothesize, incumbent and grant security interests in the assets of the Company to ensure the repayment of the borrowed amounts; no debt will be contracted or liability incurred by or on behalf of the Company, except by the Manager, or to the extent permitted by agents or employees of the Company in terms of the Act, expressly authorised to contract such debt or incur such liability by the Manager; (d) Knowingly do any action in contraction with this Agreement; (e) Without the Approval of the Members, knowingly do any action that would make it impossible to continue the ordinary business of the Company, except as otherwise provided in this Agreement; (f) Confess a ruling against the Company in an amount of more than $2,500.00; (g) own property, or allocate rights in specific property for the purpose of a company; (h) Without the Approval of the Members, knowingly carry out
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Restrictions on Authority of the Manager. As long as there are any shares of Series D Preferred Stock of microHelix, Inc. issued and outstanding, the Manager may not do any of the following acts on the Company's behalf without the unanimous consent of Members. After there are no shares of Series D Preferred Stock of microHelix, Inc. issued and outstanding, the Manager may not do any of the following acts on the Company's behalf without the consent of Members owning at least 65% of all Units owned by Members:
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Restrictions on Authority of the Manager. Without the consent of the Perlxxxxxx Xxxup, the Manager shall not:
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Related to Restrictions on Authority of the Manager

  • Restrictions on Authority (a) Notwithstanding any other Section of this Agreement, the General Partner shall have no authority to perform any act in violation of any applicable law, Agency or other government regulations, the requirements of any Lender, or the Project Documents. In the event of any conflict between the terms of this Agreement and any applicable Regulations or requirements of any Lender, the terms of such Regulations or the requirements of such Lender, as the case may be, shall govern. Subject to the provisions of Section 6.2(b), the General Partner, acting in its capacity as General Partner, shall not have the authority, without the Consent of the Special Limited Partner:

  • Limitations on Authority (a) The authority of the Member over the conduct of the business affairs of the Company shall be subject only to such limitations as are expressly stated in this Agreement or in the Act.

  • Restrictions on General Partner’s Authority A. The General Partner may not take any action in contravention of this Agreement, including, without limitation:

  • Limitation on Authority A. The authority granted to Performing Agency by the System Agency is limited to the terms of the Contract.

  • Reliance on Authority of Person Signing Agreement In the event that a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entity.

  • Limits on Authority Distributor shall act as an independent contractor and nothing herein contained shall constitute Distributor or its agents, officers or employees as agents, officers or employees of Insurer solely by virtue of their activities in connection with the distribution and sale of the Contracts hereunder. Distributor and its Representatives shall not have authority, on behalf of Insurer to make, alter or discharge any Contract or other insurance policy or annuity entered into pursuant to a Contract; to waive any Contract forfeiture provision; to extend the time of paying any Premium; or to receive any monies or Premiums (except for the sole purpose of forwarding monies or Premiums to Insurer). Distributor shall not expend, nor contract for the expenditure of, the funds of Insurer. Distributor shall not possess or exercise any authority on behalf of Insurer other than that expressly conferred on Distributor by this Agreement.

  • Organization; Authority; Qualification Company is a corporation duly incorporated and validly existing in good standing under the laws of the State of Delaware, is a Certificated Air Carrier, is a Citizen of the United States, has the corporate power and authority to own its properties or hold them under lease and to enter into and perform its obligations under the Operative Documents to which it is a party and is duly qualified to do business as a foreign corporation in good standing in each other jurisdiction in which the failure to so qualify would have a material adverse effect on the consolidated financial condition of Company and its subsidiaries, considered as a whole, and its jurisdiction of organization (as such term is used in Article 9 of the Uniform Commercial Code as in effect in the State of Delaware) is Delaware.

  • Organization; Authority Such Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership, limited liability company or similar power and authority to enter into and to consummate the transactions contemplated by the Transaction Documents and otherwise to carry out its obligations hereunder and thereunder. The execution and delivery of the Transaction Documents and performance by such Purchaser of the transactions contemplated by the Transaction Documents have been duly authorized by all necessary corporate, partnership, limited liability company or similar action, as applicable, on the part of such Purchaser. Each Transaction Document to which it is a party has been duly executed by such Purchaser, and when delivered by such Purchaser in accordance with the terms hereof, will constitute the valid and legally binding obligation of such Purchaser, enforceable against it in accordance with its terms, except: (i) as limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general application affecting enforcement of creditors’ rights generally, (ii) as limited by laws relating to the availability of specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions may be limited by applicable law.

  • Authority of the Manager The Manager for, and in the name and on behalf of the Company, is hereby authorized to:

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