Common use of Power of Members Clause in Contracts

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the Act. The Members holding Common Shares shall elect the Board of Managers in accordance with Section 5.3. Except as otherwise specifically provided by this Agreement or required by the Act, no Member shall have the power to act for or on behalf of, or to bind, the Company. All Members shall constitute one class or group of members for purposes of the Act.

Power of Members. The Members shall have the power to exercise any and all rights or powers granted to Members pursuant to the express terms of this Agreement and the ActAgreement. The Members holding Common Shares shall elect the Board of Managers Management Committee in accordance with Section 5.36.3(b). Except as otherwise specifically provided by this Agreement or required by the Act, no Member shall have the power to act for or on behalf of, or to bind, the Company. All Notwithstanding the foregoing sentence, all Members shall constitute one class or group of members for purposes of the Act.