Common use of No Authority to Bind Company Clause in Contracts

No Authority to Bind Company. No Member (in such Person’s capacity as a Member) shall have the authority or power to represent or act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company (unless such Member is an officer or Director of the Company authorized to do such act, make such expenditure or incur such expenditure and such Member is acting in such capacity).

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (FMC Technologies Inc)

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No Authority to Bind Company. No Member (in such Person’s Member's ---------------------------- capacity as a Member) shall have the authority or power to represent or act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company (unless such other than the Managing Member. Each Member is an officer or Director hereby consents to the exercise by the Managing Member of the Company authorized to do powers conferred on such act, make such expenditure or incur such expenditure Managing Member by law and such Member is acting in such capacity)this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Stein Avy H), Limited Liability Company Agreement (Stein Avy H)

No Authority to Bind Company. No Member or other Holder (in such Person’s his, her or its capacity as a MemberMember or Holder) shall have the authority or power to represent or act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company (unless such Member or other Holder is an officer officer, director or Director manager of the Company authorized to do such act, make such expenditure or incur such expenditure and such Member or Holder is acting in such capacity).

Appears in 1 contract

Samples: Limited Liability Company Agreement (Yankee Holding Corp.)

No Authority to Bind Company. No Member (in such Person’s Member's capacity ---------------------------- as a Member) shall have the authority or power to represent or act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company (unless such other than the Managing Member. Each Member is an officer or Director hereby consents to the exercise by the Managing Member of the Company authorized to do powers conferred on such act, make such expenditure or incur such expenditure Managing Member by law and such Member is acting in such capacity)this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stein Avy H)

No Authority to Bind Company. No Member (in such Person’s Member's capacity as a Member) shall have the authority or power to represent or act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company (unless such other than the Managing Member. Each Member is an officer or Director hereby consents to the exercise by the Managing Member of the Company authorized to do powers conferred on such act, make such expenditure or incur such expenditure Managing Member by law and such Member is acting in such capacity)this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stein Avy H)

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No Authority to Bind Company. No A Member (acting solely in such Person’s Member's capacity as a MemberMember (rather than as a Manager) shall not be an agent of the Company and shall not have any right, power, or authority to transact any business in the authority name of the Company or power to represent or act for or on behalf of of, or to bind, the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company (unless such Member is an officer or Director of the Company authorized to do such act, make such expenditure or incur such expenditure and such Member is acting in such capacity).

Appears in 1 contract

Samples: Operating Agreement (National Wine & Spirits Corp)

No Authority to Bind Company. No Member (in such Person’s Member's capacity as ---------------------------- a Member) shall have the authority or power to represent or act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations on behalf of the Company (unless such other than the Managing Member. Each Member is an officer or Director hereby consents to the exercise by the Managing Member of the Company authorized to do powers conferred on such act, make such expenditure or incur such expenditure Managing Member by law and such Member is acting in such capacity)this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Stein Avy H)

No Authority to Bind Company. No Member (in other than the Manager(s) or an authorized officer of the Company or a designee of any such Person’s capacity as a Member) shall have has the authority or power to represent or act for or on behalf of the Company, to do any act that would be binding on the Company or to make any expenditures or incur any obligations expenditure on behalf of the Company (unless such Member is an officer or Director of the Company authorized to do such act, make such expenditure or incur such expenditure and such Member is acting in such capacity)Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Priority Technology Holdings, Inc.)

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