Limitation on Powers Clause Samples
The Limitation on Powers clause defines specific restrictions on the authority or actions that an individual, group, or entity may exercise under an agreement or within an organization. Typically, this clause outlines which decisions or transactions are prohibited or require additional approval, such as entering into contracts above a certain value or making significant policy changes without board consent. Its core function is to prevent unauthorized or unilateral actions, thereby protecting the interests of stakeholders and ensuring that power is exercised within agreed boundaries.
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Limitation on Powers. The enumeration of powers in this Agreement shall not limit the general or implied powers of the Board of Managers or any additional powers provided by law. Notwithstanding the foregoing and any other provision contained in this Agreement to the contrary, the Board of Managers, the officers, and any individual appointed pursuant to Section 6.2, may not, without the consent of the Member, do any of the following:
6.5.1. Sell or otherwise dispose of, or agree to sell or otherwise dispose of, all or substantially all the assets of the Company.
6.5.2. Merge or consolidate with any other person;
6.5.3. Make, execute, or deliver any assignment for the benefit of creditors;
6.5.4. Do any act in contravention of this Agreement or the Certificate;
6.5.5. Do any act that would make it impossible to carry on the business of the Company; or
6.5.6. Knowingly take any action that would subject the Member in its capacity as a Member to personal liability in any jurisdiction.
Limitation on Powers. As required by Government Code Section 6509, the power of the Authority is subject to the restrictions upon the manner of exercising power possessed by the County of Marin.
Limitation on Powers. To the fullest extent permitted by law, the foregoing power of attorney shall in no way cause a Member to be liable in any manner for the acts or omissions of the Manager.
Limitation on Powers. As required by Government Code Section 6509, the power of the Authority is subject to the restrictions upon the manner of exercising power possessed by the City of Emeryville and any other restrictions on exercising the powers of the Authority that may be adopted by the Board.
Limitation on Powers. As required by Government Code Section 6509, the power of the Authority is subject to the restrictions upon the manner of exercising power possessed by the Sonoma County Water Agency.
Limitation on Powers. As required by Government Code Section 6509, the power of the Authority is subject to the restrictions upon the manner of exercising power possessed by the City of Cupertino and any other restrictions on exercising the powers of the Authority that may be adopted by the Board.
Limitation on Powers. As between the Partners and subject to Section 2.04(c), no Partner shall:
(i) Use the Partnership name or assets in any way except for the transaction of legitimate Partnership business or do any act in contravention of this Agreement of Partnership; or
(ii) Do any act which would make it impossible to carry on the business of the Partnership.
Limitation on Powers. As required by Government Code Section 6509, the power of the Authority is subject to the restrictions upon the manner of exercising power possessed by San Mateo County.
Limitation on Powers. Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or to applicable law, the Trustee shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains therefrom, within the meaning of section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Internal Revenue Code.
Limitation on Powers. As required by Section 6509 of the Act, the powers of the Authority are subject to the restrictions upon the manner of exercising power possessed by the County of Los Angeles.