Common use of Restrictions on Certain Actions Clause in Contracts

Restrictions on Certain Actions. Notwithstanding anything contrary contained herein, neither the Company Board nor an Officer may take any of the following actions without the prior approval of the Member:

Appears in 17 contracts

Samples: Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.), Limited Liability Company Agreement (U.S. Shipping Finance Corp.)

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Restrictions on Certain Actions. Notwithstanding anything contrary contained herein, neither the Company Board nor an Officer may not take any of the following actions without the prior approval of the MemberCompany Board:

Appears in 4 contracts

Samples: Limited Liability Company Agreement (U.S. Shipping Partners L.P.), Limited Liability Company Agreement (U.S. Shipping Partners L.P.), U.S. Shipping Partners L.P.

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