Lack of Authority. Except as otherwise set forth in this Agreement, no Member, in his, her or its capacity as such, shall have the authority or power to act for or on behalf of the Company or otherwise bind the Company in any way.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (Elk Horn Coal Co LLC)
Lack of Authority. Except as otherwise set forth specifically provided in this Agreement, no Member, Member (other than a Member in his, his or her or its capacity as such, shall have a Manager or an officer of the Company) has the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company or otherwise bind to make any expenditures on behalf of the Company in any wayCompany.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Global Technologies LTD), Limited Liability Company Agreement (Edison Nation, Inc.)
Lack of Authority. Except as otherwise expressly set forth in this Agreement, no Member, in his, her or its capacity as such, shall have Member has the authority or power to act for or on behalf of the Company Company, to do any act that would be binding on the Company, or otherwise bind to incur any expenditures on behalf of the Company in any wayCompany.
Appears in 1 contract
Samples: Operating Agreement
