Common use of No Participation in Management Clause in Contracts

No Participation in Management. Except as expressly permitted hereunder, the Members, in their capacities as Members of the Company, will not take part in the management of the Company’s business, transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company; except that, this provision is not intended to limit the authority of the Managing Member or to prohibit or preclude any Member or its Affiliates from serving as an officer, director or employee of the Company.

No Participation in Management. Except as expressly permitted hereunder, the MembersNo Member, in their capacities its capacity as Members of the Company, will not take part a Member shall participate in the management or control of the Company’s business, transact any business in for the Company’s name Company or have the power to sign documents act for or otherwise bind the Company; except thatCompany (without implication that the contrary is implied, this it is understood that the foregoing provision is shall not intended to limit the authority of the Managing prohibit a Member or to prohibit or preclude any Member or its Affiliates from serving acting as an officer, director or employee of the Companya Manager).

No Participation in Management. Except as expressly permitted hereunder, the Members, in their capacities as Members of the Company, will not take part in the management of the Company’s business, transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company; except that, this provision is not intended to limit the authority of the Managing Member or to prohibit or preclude any Member or its Affiliates from serving as an officer, director or employee of the Company or any Property Owner or Service Company.

No Participation in Management. Except as otherwise expressly permitted hereunderprovided herein, the Members, in their capacities as Members of the Company, will shall not take part in the management or control of the Company (including, without limitation, the voting of the Partnership Units held by the Company’s business), transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company; except that, this provision is not intended to limit the authority of the Managing Member or to prohibit or preclude any Member or its Affiliates from serving as an officer, director or employee of the Company.

No Participation in Management. Except as expressly permitted hereunderotherwise provided herein, the MembersMembers shall not participate in the management or control of Company business, in their capacities as nor shall the Members of transact any business for the Company, will not take part in nor shall the management of the Company’s business, transact any business in the Company’s name or Members have the power to sign documents act for or otherwise bind the Company; except that, this provision is not intended to limit said powers being vested exclusively in the authority of the Managing Member or to prohibit or preclude any Member or its Affiliates from serving as an officer, director or employee of the CompanyManager.

No Participation in Management. Except as expressly permitted hereunder, the MembersNo Member, in their capacities its capacity as Members of the Companysuch, will not take part shall participate in the operation or management of the Company’s business, transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company; except that, this provision is not intended to limit the authority Company by reason of the Managing Member or to prohibit or preclude any Member or its Affiliates from serving as an officer, director or employee of the Companybeing a Member.