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 2 contracts
Sources: Limited Liability Company Agreement (Ardent Health Partners, LLC), Limited Liability Company Agreement (Ardent Health Partners, 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 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 2 contracts
Sources: Limited Liability Company Agreement (loanDepot, Inc.), Limited Liability Company Agreement (loanDepot, Inc.)
Lack of Authority. No Unless delegated such power in accordance with Section 4.5 or as otherwise provided in this Agreement, no Unitholder (shall in its capacity as a Unitholder) has such have the authority or power to act for or on behalf of the Company in any manner, take to do any action act that would be (or could be construed as) binding on the Company, or to make any expenditures on behalf of the Company. The , and the Unitholders expressly hereby consent to the exercise by the Board of the powers and rights conferred on it upon them by law and this Agreement and applicable LawAgreement.
Appears in 2 contracts
Sources: Limited Liability Company Agreement (FTAI Infrastructure Inc.), Limited Liability Company Agreement (Tronc, Inc.)
Lack of Authority. No Unitholder (Unless delegated such power in its capacity accordance with Section 5.9 or as a Unitholder) 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, take to do 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 , and the Members hereby consent to the exercise by the Board of the powers conferred on it upon them by law and this Agreement and applicable LawAgreement.
Appears in 1 contract
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
Sources: Limited Liability Company Agreement (Cempra Holdings, LLC)
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
Sources: Limited Liability Company Agreement (Alliance Laundry Holdings LLC)
Lack of Authority. No Unless delegated such power in accordance with Section 4.5 or as otherwise provided in this Agreement, no Unitholder (shall in its capacity as a Unitholder) has such have the authority or power to act for or on behalf of the Company in any manner, take to do any action act that would be (or could be construed as) binding on the Company, or to make any expenditures on behalf of the Company. The , and the 26 Unitholders expressly hereby consent to the exercise by the Board of the powers and rights conferred on it upon them by law and this Agreement and applicable LawAgreement.
Appears in 1 contract
Sources: Limited Liability Company Agreement
Lack of Authority. No Unitholder (Unless delegated such power in its capacity accordance by the Board or as a Unitholder) 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, take to do 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 , and the Members hereby consent to the exercise by the Board of the powers conferred on it upon them by law and this Agreement and applicable LawAgreement.
Appears in 1 contract
Sources: Operating Agreement
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
Sources: Operating Agreement
Lack of Authority. No Unitholder (Unless delegated such power in its capacity accordance with Section 5.3 or as a Unitholder) 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, take to do 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 , and the Members hereby consent to the exercise by the Board Manager of the powers conferred on it upon them by law and this Agreement and applicable LawAgreement.
Appears in 1 contract
Lack of Authority. No Unitholder (Unless delegated such power in its capacity accordance with Section 5.7 or as a Unitholder) 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, take to do 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 , and the Members hereby consent to the exercise by the Board of the powers conferred on it upon them by law and this Agreement and applicable LawAgreement.
Appears in 1 contract
Sources: Limited Liability Company Agreement