Lack of Authority. Unless delegated such power in accordance by the Board or as otherwise expressly provided in this Agreement, no Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company or to make any expenditures on behalf of the Company, and the Members hereby consent to the exercise by the Board of the powers conferred upon them by law and this Agreement.
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Samples: Operating Agreement
Lack of Authority. Unless delegated such power in accordance by the Board with Section 4.5 or as otherwise expressly provided in this Agreement, no Member has Unitholder shall in its capacity as such have the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company Company, or to make any expenditures on behalf of the Company, and the Members 26 Unitholders hereby consent to the exercise by the Board of the powers and rights conferred upon them by law and this Agreement.. 5.3
Appears in 1 contract
Samples: Limited Liability Company Agreement
Lack of Authority. Unless delegated such power in accordance by the Board with Section 5.9 or as otherwise expressly provided in this Agreement, no Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company or to make any expenditures on behalf of the Company, and the Members hereby consent to the exercise by the Board of the powers conferred upon them by law and this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Winvest Group LTD)
Lack of Authority. Unless delegated such power in accordance by the Board with Section 5.7 or as otherwise expressly provided in this Agreement, no Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company or to make any expenditures on behalf of the Company, and the Members hereby consent to the exercise by the Board of the powers conferred upon them by law and this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement
Lack of Authority. Unless delegated such power in accordance by the Board with Section 4.5 or as otherwise expressly provided in this Agreement, no Member has Unitholder shall in its capacity as such have the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company Company, or to make any expenditures on behalf of the Company, and the Members Unitholders hereby consent to the exercise by the Board of the powers and rights conferred upon them by law and this Agreement.
Appears in 1 contract
Lack of Authority. Unless delegated such power in accordance by the Board with Section 5.3 or as otherwise expressly provided in this Agreement, no Member has the authority or power to act for or on behalf of the Company in any manner, to do any act that would be (or could be construed as) binding on the Company or to make any expenditures on behalf of the Company, and the Members hereby consent to the exercise by the Board Manager of the powers conferred upon them by law and this Agreement.
Appears in 1 contract