Common use of Lack of Authority Clause in Contracts

Lack of Authority. No Unitholder (in its capacity as a Unitholder) has the authority or power to act for or on behalf of the Company in any manner, take any action that would be (or could be construed as) binding on the Company, or make any expenditures on behalf of the Company. The Unitholders expressly consent to the exercise by the Board of the powers conferred on it by this Agreement and applicable Law.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Ardent Health Partners, LLC)

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Lack of Authority. No Unitholder (in its capacity as such (other than through its Representative, as a UnitholderRepresentative) has the authority or power to act for or on behalf of the Company in Company, to do any manner, take any action act that would be (or could be construed as) binding on the Company, Company or to make any expenditures on behalf of the Company. The , and the Unitholders expressly hereby consent to the exercise by the Board and the Representatives of the powers conferred on it them by applicable law and this Agreement and applicable LawAgreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Cempra Holdings, LLC)

Lack of Authority. No Unitholder (or Member in its capacity as a Unitholder) such has the authority or power to act for or on behalf of the Company in any mannermanner or way, take to bind the Company, or do any action act that would be (or could be construed as) binding on the Company, in any manner or way, or to make any expenditures on behalf of the Company. The , unless such specific authority has been expressly granted to and not revoked from such Member by the Manager, and the Unitholders expressly and Members hereby consent to the exercise by the Board Manager of the powers conferred on it by law and this Agreement and applicable LawAgreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Chicago Pacific Founders UGP, LLC)

Lack of Authority. No Unitholder (in its capacity as a Unitholder) Unitholder has the authority or power to act for or on behalf of the Company in Company, to do any manner, take any action act that would be (or could be construed as) binding on the Company, Company or to make any expenditures on behalf of the Company. The Unitholders expressly hereby consent to the exercise by the Board Managers of the powers conferred on it them by this Agreement and applicable LawAgreement.

Appears in 1 contract

Samples: Operating Agreement

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Lack of Authority. No Unitholder (or Member, in its capacity as a Unitholder) such, has the authority or power to act for or on behalf of the Company in any mannermanner or way, take to bind the Company, or do any action act that would be (or could be construed as) binding on the Company, in any manner or way, or to make any expenditures on behalf of the Company. The , unless such specific authority has been expressly granted to, and not revoked from, such Member by the Board, and the Unitholders expressly and Members hereby consent to the exercise by the Board of the powers conferred on it by law and this Agreement and applicable LawAgreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (ChromaDex Corp.)

Lack of Authority. No Unitholder (in its capacity as such (other than through its Representative or as a UnitholderRepresentative) has the authority or power to act for or on behalf of the Company in Company, to do any manner, take any action act that would be (or could be construed as) binding on the Company, Company or to make any expenditures on behalf of the Company. The Company and the Unitholders expressly hereby consent to the exercise by the Board and the Representatives of the powers conferred on it them by law and this Agreement and applicable LawAgreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Alliance Laundry Holdings LLC)

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