Unauthorized Actions. None of the Members, Managers or Officers shall, without the prior consent of the Board of Managers, take any action on behalf of or in the name of the Company, or enter into any commitment or obligation binding upon the Company, except for (i) actions expressly authorized by this Agreement, (ii) actions by any Manager (or Officer) within the scope of such Manager’s (or Officer’s) authority expressly granted hereunder, and (iii) actions authorized by the Board of Managers in the manner set forth herein.
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Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Onconova Therapeutics, Inc.)
Unauthorized Actions. None of the MembersMembers or the employees or agents thereof, Managers or Officers shallofficers of the Company, without the prior consent approval of the Board of ManagersDirectors, shall take any action on behalf of or in the name of the Company, or enter into any commitment or obligation binding upon the Company, except for (i) actions expressly authorized by this Agreement, (ii) actions by any Manager Member (or Officerofficer) within the scope of such ManagerMember’s (or Officerofficer’s) authority expressly granted hereunderunder this Agreement, and (iii) actions authorized by the approval of the Board of Managers Directors in the manner set forth hereinunder this Agreement.
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