Common use of Additional Functions Clause in Contracts

Additional Functions. The foregoing power of attorney: (a) is coupled with an interest, is irrevocable and will survive the subsequent Disability or Incapacity of any Member or any subsequent power of attorney executed by a Member; (b) may be exercised by the Attorney, either by signing separately as attorney-in-fact for each Member or by a single signature of the Attorney, acting as attorney-in-fact for all of them; (c) will survive the delivery of an assignment by a Member of all or any portion of its Interest; except that, where the assignee of all of that Member’s Interest has been approved by the Administrator for admission to the Fund, as a Substituted Member, the power of attorney of the assignor will survive the delivery of that assignment for the sole purpose of enabling the Attorney to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect that substitution; and (d) is in addition to any power of attorney that may be delivered by a Member in accordance with its Subscription Agreement entered into in connection with its acquisition of Interest.

Appears in 6 contracts

Samples: Subscription Agreement, Subscription Agreement, Subscription Agreement

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Additional Functions. The foregoing power of attorney: (a) : is coupled with an interest, is irrevocable and will survive the subsequent Disability death, disability or Incapacity of any Member or any subsequent power of attorney executed by a Member; (b) ; may be exercised by the Attorney, either by signing separately as attorney-in-fact for each Member or by a single signature of the Attorney, acting as attorney-in-fact for all of them; (c) ; will survive the delivery of an assignment by a Member of all or any portion of its Interest; except that, where the assignee of all of that Member’s 's Interest has been approved by the Administrator Manager for admission to the Fund, as a Substituted Member, the power of attorney of the assignor will survive the delivery of that assignment for the sole purpose of enabling the Attorney to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect that substitution; and (d) and is in addition to any power of attorney that may be delivered by a Member in accordance with its Subscription Agreement entered into in connection with its acquisition of Interest.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Additional Functions. The foregoing power of attorney: : (ai) is coupled with an interest, is irrevocable and will survive the subsequent death or Disability or Incapacity of any Member or any subsequent power of attorney executed by a Member; ; (bii) may be exercised by the Attorney, either by signing separately as attorney-in-fact for each Member or by a single signature of the Attorney, acting as attorney-in-fact for all of them; ; (ciii) will survive the delivery of an assignment by a Member of all or any portion of its Interest; except that, where the assignee of all of that Member’s 's Interest has been approved by the Administrator Manager for admission to the Fund, as a Substituted Member, the power of attorney of the assignor will survive the delivery of that assignment for the sole purpose of enabling the Attorney to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect that substitutionassignment; and and (div) is in addition to any power of attorney that may be delivered by a Member in accordance with its Subscription Agreement entered into in connection with its acquisition of Interest.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement

Additional Functions. The foregoing power of attorney: (a) is coupled with an interest, is irrevocable and will survive the subsequent death, or Disability or Incapacity of any Member or any subsequent power of attorney executed by a Member; (b) may be exercised by the Attorney, either by signing separately as attorney-attorney- in-fact for each Member or by a single signature of the Attorney, acting as attorney-in-fact for all of them; (c) will survive the delivery of an assignment by a Member of all or any portion of its Interest; except that, where the assignee of all of that Member’s 's Interest has been approved by the Administrator Manager for admission to the Fund, as a Substituted substituted Member, the power of attorney of the assignor will survive the delivery of that assignment for the sole purpose of enabling the Attorney to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect that substitution; and (d) is in addition to any power of attorney that may be delivered by a Member in accordance with its Subscription Agreement entered into in connection with its acquisition of Interest.

Appears in 1 contract

Samples: Limited Liability Company Agreement

Additional Functions. The foregoing power of attorney: (a) is coupled with an interest, is irrevocable and will survive the subsequent death, Disability or Incapacity of any Member or any subsequent power of attorney executed by a Member; (b) may be exercised by the Attorney, either by signing separately as attorney-in-fact for each Member or by a single signature of the Attorney, acting as attorney-in-fact for all of them; (c) will survive the delivery of an assignment by a Member of all or any portion of its Interest; except that, where the assignee of all of that Member’s Interest has been approved by the Administrator Manager for admission to the FundCompany, as a Substituted Member, the power of attorney of the assignor will survive the delivery of that assignment for the sole purpose of enabling the Attorney to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect that substitution; and (d) is in addition to any power of attorney that may be delivered by a Member in accordance with its Subscription Agreement entered into in connection with its acquisition of Interest.

Appears in 1 contract

Samples: Individual Series Limited Liability Company Agreement (Freeport Holdings Series LLC)

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Additional Functions. The foregoing power of attorney: (a) is coupled with an interest, is irrevocable and will survive the subsequent Disability death, disability or Incapacity of any Member or any subsequent power of attorney executed by a Member; (b) may be exercised by the Attorney, either by signing separately as attorney-in-fact for each Member or by a single signature of the Attorney, acting as attorney-in-fact for all of them; (c) will survive the delivery of an assignment by a Member of all or any portion of its Interest; except that, where the assignee of all of that Member’s Interest has been approved by the Administrator Manager for admission to the Fund, as a Substituted Member, the power of attorney of the assignor will survive the delivery of that assignment for the sole purpose of enabling the Attorney to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect that substitution; and (d) is in addition to any power of attorney that may be delivered by a Member in accordance with its Subscription Agreement entered into in connection with its acquisition of Interest.

Appears in 1 contract

Samples: Purchase Agreement

Additional Functions. The foregoing power of attorney: (ai) is coupled with an interest, is irrevocable and will survive the subsequent Disability death, disability or Incapacity of any Member or any subsequent power of attorney executed by a Member; (bii) may be exercised by the Attorney, either by signing separately as attorney-attorney- in-fact for each Member or by a single signature of the Attorney, acting as attorney-in-fact for all of them; (ciii) will survive the delivery of an assignment by a Member of all or any portion of its Interest; except that, where the assignee of all of that Member’s Interest has been approved by the Administrator Manager for admission to the Fund, as a Substituted Member, the power of attorney of the assignor will survive the delivery of that assignment for the sole purpose of enabling the Attorney to execute, swear to, acknowledge and file any instrument necessary or appropriate to effect that substitution; and (div) is in addition to any power of attorney that may be delivered by a Member in accordance with its Subscription Agreement entered into in connection with its acquisition of Interest.

Appears in 1 contract

Samples: Company Agreement

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