Voting Rights Generally. Except as otherwise provided by the Act or this Agreement, including, without limitation, Section 5.6, Section 5.9, and Section 6.1, the Members shall not participate in any way in the control or management of the business of the Company. The Members are not agents of the Company and do not have the authority to act for, or bind, the Company in any matter. Written consent signed by a Majority in Interest of the Members (or such other percent as may be required under the Act or this Agreement) shall be deemed effective as the vote or consent of the Members when the vote or consent of the Members is required under this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Colt Finance Corp.), Limited Liability Company Agreement (Colt Defense Technical Services LLC)
Voting Rights Generally. Except as otherwise provided by the Act or this Agreement, including, without limitation, Section 5.6, Section 5.9, Section 6.1, and Section 6.16.5, the Members shall not participate in any way in the control or management of the business of the Company. The Members are not agents of the Company and do not have the authority to act for, or bind, the Company in any matter. Written consent signed by a Majority in Interest of the Members (or such other percent as may be required under the Act or this Agreement) shall be deemed effective as the vote or consent of the Members when the vote or consent of the Members is required under this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Colt Defense LLC), Limited Liability Company Agreement (Colt Finance Corp.)
Voting Rights Generally. Except as otherwise provided by the Act or this Agreement, including, without limitation, Section 5.6, Section 5.9, and Section 6.1, the Members Member shall not participate in any way in the control or management of the business of the Company. The Members are Member is not agents an agent of the Company and do does not have the authority to act for, or bind, the Company in any matter. Written consent signed by a Majority in Interest of the Members Member (or such other percent as may be required under the Act or this Agreement) shall be deemed effective as the vote or consent of the Members Member when the vote or consent of the Members Member is required under this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Colt Defense Technical Services LLC)
