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
Sources: Operating Agreement, Operating Agreement (FMC Technologies Inc)
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
Sources: Limited Liability Company Agreement (Stein Avy H), 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
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
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