No Authority to Act. No Member, in such capacity, shall have the power to represent, act for, sign for, or bind the Company, except for the Management Company to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of Managers. The Members consent to the exercise by the Board of Managers of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV (TE) - Client LLC), Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV Holdings LLC), Limited Liability Company Agreement (NB Crossroads Private Markets Fund IV (TI) - Client LLC)
No Authority to Act. No Member, in such capacity, shall have the power to represent, act for, sign for, or bind the Company, except for the Management Company Investment Adviser to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of Managers. The Members consent to the exercise by the Board of Managers of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Excelsior Private Markets Fund III (Master), LLC), Limited Liability Company Agreement (Excelsior Private Markets Fund II (Master), LLC)
No Authority to Act. No Member, in such capacityother than a Manager, an Appropriate Officer and the Advisory Member, shall have the power to represent, act for, sign for, or to bind the Company, except for the Management Company to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of Managers, Appropriate Officers, and the Advisory Member. The Members consent to the exercise by the Board of Managers Managers, Appropriate Officers and the Advisory Member of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Fortress Pinnacle Investment Fund LLC), Limited Liability Company Agreement (Fortress Brookdale Investment Fund LLC)
No Authority to Act. No Member, in such capacity, shall have the power to represent, act for, sign for, or to bind the Company, except for the Management Company Special Member to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of Managers, Appropriate Officers, and the Investment Adviser. The Members consent to the exercise by the Board of Managers Managers, Appropriate Officers and the Investment Adviser of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 2 contracts
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC), Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC)
No Authority to Act. No Member, in such capacity, shall have the power to represent, act for, sign for, or bind the CompanyFund, except for the Management Company Company, to the extent expressly set forth herein, and the Organizational Member. All authority to act on behalf of the Company Fund is vested in the Board of Managers. The Members consent to the exercise by the Management Company and the Board of Managers of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (NB Crossroads Private Markets Access Fund LLC)
No Authority to Act. No Member, in such capacity, shall have the power to represent, act for, sign for, or to bind the Company, except for the Management Company to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of Managers, Appropriate Officers and the Investment Adviser. The Members consent to the exercise by the Board of Managers Managers, Appropriate Officers and the Investment Adviser of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Fund Iii LLC)
No Authority to Act. No Member, in such capacity, shall have the power to represent, act for, sign for, or to bind the Company, except for the Management Company Special Member to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of Managers, Appropriate Officers and the Investment Adviser. The Members consent to the exercise by the Board of Managers Managers, Appropriate Officers and the Investment Adviser of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Excelsior Venture Partners Iii LLC)
No Authority to Act. No Member, in such capacity, shall have the power to represent, act for, sign for, or bind the Company, except for the Management Company Managing Member to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of ManagersManagers and the Managing Member. The Members consent to the exercise by the Board of Managers and the Managing Member of the powers conferred on them under this Agreement or otherwise permitted under the Act.
Appears in 1 contract
Samples: Operating Agreement (Excelsior Buyout Investors LLC)
No Authority to Act. No Member, in such capacity, The Members shall have the no power to represent, act for, for or sign for, or bind the Company, except for the Management Company to the extent expressly set forth herein. All authority to act on behalf of the Company is vested in the Board of ManagersManagers or the Company in their capacity as such. The Members consent Each Member hereby consents to the exercise by the Board of Managers of the powers conferred on them under it by State law subject to the terms and conditions of this Agreement or otherwise permitted under and the ActMembers' Agreement.
Appears in 1 contract
