Common use of Lack of Authority Clause in Contracts

Lack of Authority. No Unitholder in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) has the authority or power to act for or on behalf of the LLC in any manner, to do any act that would be (or could be construed as) binding on the LLC or to make any expenditures on behalf of the LLC, and the Unitholders hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (Triad Financial Corp), Limited Liability Company Agreement (Solera Holdings LLC), Limited Liability Company Agreement (Lecg Corp)

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Lack of Authority. No Unitholder Member in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) has the authority or power to act for or on behalf of the LLC in any manner, to do any act that would be (or could be construed as) binding on the LLC or to make any expenditures on behalf of the LLC, and the Unitholders Members hereby consent to the exercise by the Board Manager of the powers conferred on it by law and this Agreement.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.), Limited Liability Company Agreement (BioFuel Energy Corp.)

Lack of Authority. No Unitholder or Member, in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) such, has the authority or power to act for or on behalf of the LLC Company in any mannermanner or way, to bind the Company, or do any act that would be (or could be construed as) binding on the LLC Company, in any manner or way, or to make any expenditures on behalf of the LLCCompany, unless such specific authority has been expressly granted to and not revoked from such Member by the Board, and the Unitholders and Members hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (loanDepot, Inc.), Limited Liability Company Agreement (loanDepot, Inc.)

Lack of Authority. No Unitholder or Member in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) has the authority or power to act for or on behalf of the LLC Company in any mannermanner or way, to bind the Company, or do any act that would be (or could be construed as) binding on the LLC Company, in any manner or way, or to make any expenditures on behalf of the LLCCompany, unless such specific authority has been expressly granted to and not revoked from such Member by the Board, and the Unitholders and Members hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (loanDepot, Inc.), Limited Liability Company Agreement (loanDepot, Inc.)

Lack of Authority. No Unitholder in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLCCompany) has the authority or power to act for or on behalf of the LLC Company in any manner, to do any act that would be (or could be construed as) binding on the LLC Company or to make any expenditures on behalf of the LLCCompany, and the Unitholders hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (VWR Funding, Inc.), Limited Liability Company Agreement (VWR, Inc.)

Lack of Authority. No Unitholder or Member, in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) such, has the authority or power to act for or on behalf of the LLC Company in any mannermanner or way, to bind the Company, or do any act that would be (or could be construed as) binding on the LLC Company, in any manner or way, or to make any expenditures on behalf of the LLCCompany, unless such specific authority has been expressly granted to and not revoked from such Member by the Manager, and the Unitholders and Members hereby consent to the exercise by the Board Manager of the powers conferred on it by law and this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Clearwater Analytics Holdings, Inc.), Limited Liability Company Agreement (Clearwater Analytics Holdings, Inc.)

Lack of Authority. No Unitholder in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) has the authority or power to act for or on behalf of the LLC in any manner, to do any act that would be (or could be construed as) binding on the LLC or to make any expenditures on behalf of the LLC, and and, subject to Section 5.1(b)(iv), the Unitholders hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Providence Service Corp)

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Lack of Authority. No Unitholder or Member in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) has the authority or power to act for or on behalf of the LLC in any mannerHoldings LLC, to bind Holdings LLC or do any act that would be (or could be construed as) binding on the Holdings LLC or to make any expenditures on behalf of Holdings LLC, in each case in any manner or way, unless such specific authority has been expressly granted to and not revoked from such Unitholder or Member by the LLCBoard, and the Unitholders and Members hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Solo Brands, Inc.)

Lack of Authority. No Without derogation to a Unitholder's rights or obligations under any Related Agreement, no Unitholder in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLCCompany acting as such) has the authority or power to act for or on behalf of the LLC Company in any manner, to do any act that would be (or could be construed as) binding on the LLC Company or to make any expenditures on behalf of the LLCCompany, and the Unitholders hereby consent to the exercise by the Board of the powers conferred on it by law applicable Law and this Operating Agreement.

Appears in 1 contract

Samples: Operating Agreement (Metaldyne Corp)

Lack of Authority. No Unitholder in his, her, her or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) has the authority or power to act for or on behalf of the LLC in any manner, to do any act that would be (or could be construed as) binding on the LLC or to make any expenditures on behalf of the LLC, and the Unitholders hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (St Renatus LLC)

Lack of Authority. No Unitholder in his, her, or its capacity as such (other than the members of the Board acting as the Board or an authorized Officer of the LLC) has the authority or power to act for or on behalf of the LLC in any manner, to do any act that would be (or could be construed as) binding on the LLC or to make any expenditures on behalf of the LLC, and and, subject to Section 5.1(b)(iv), the Unitholders hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement. 6.3.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Providence Service Corp)

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