Agency Authority of Managers. With the prior consent of the Board (which may be in the form of a blanket authorization), any Manager or officer of the Company may sign contracts on behalf of the Company and endorse checks, drafts and other evidences of indebtedness made payable to the order of the Company.
Agency Authority of Managers. Except as provided in Subsection (3), in this manager-managed company:
5.5.1 Each manager is an agent of the Company for the purpose of its business;
5.5.2 A Member is not an agent of the Company for the purpose of its business solely by reason of being a member;
5.5.3 An act of a manager, including the signing of a document in the Company name, for apparently carrying on in the ordinary course of the Company business, or business of the kind carried on by the Company, binds the Company unless the manager had no authority to act for the Company in the particular matter and the lack of authority was expressly described in the Amended Articles of Organization, Amended and Restated Operating Agreement, or the person with whom the manager was dealing knew or otherwise had notice that the manager lacked authority; and
5.5.4 An act of a manager which is not apparently for carrying on in the ordinary course of the Company business, or business of the kind carried on by the Company, binds the Company only if the act was authorized by the members in accordance with Subsection (5) of this Section 5.5.4.
5.5.5 The affirmative vote, approval, or consent of Managers of the Company shall be required to:
(a) Amend the Amended Articles of Organization, except to make ministerial amendments or to change an address;
(b) Amend the Amended and Restated Operating Agreement, except to make ministerial amendments or to change an address;
(c) Authorize a member or any other person to do any act on behalf of the Company that contravenes the Amended Articles of Organization or Amended and Restated Operating Agreement and thereafter to terminate the authority so granted;
(d) Convert the Company to another entity;
(e) Participate in a merger in which the Company is a party to the merger;
(f) Sell, lease, exchange, or otherwise dispose of all or substantially all of the Company’s property other than in the usual and regular course of the Company’s business;
(g) Waive liability of a member as may be allowed under this Amended and Restated Operating Agreement or the Articles of Organization;
(h) Admit a person or entity as a Member as provided in Section 3.3 herein (which shall require the unanimous consent of the Managers);
(i) Make a call for additional capital contributions as provided in Section 3.3.2 herein (which shall require the unanimous consent of the Managers); and,
(j) Obligate the company by way of loan, promissory note or contract for an amount in excess of $25,000.00 in a...
Agency Authority of Managers. Any Manager, acting alone, is authorized to endorse checks, drafts and other evidences of indebtedness made payable to the order of the Company, but only for the purpose of deposit into the Company's accounts. All checks drafts and other instruments obligating the Company to pay money in an amount of less than One Thousand Dollars ($1,000.00) may be signed by any one (1) Manager, acting alone. All checks, drafts and other instruments obligating the Company to pay money in an amount of One Thousand Dollars ($1,000.00) or more must be signed on behalf of the Company by any two (2) Managers acting together. Any two (2) Managers acting together shall be authorized to sign contracts and obligations on behalf of the Company.
Agency Authority of Managers. Subject to Section 5.3B; Any Manager, acting alone, is authorized to endorse checks, drafts, and other evidences of indebtedness made payable to the order of the Company, but only for the purpose of deposit into the Company’s accounts. All checks, drafts, and other instruments obligating the Company to pay money in an amount of less than $_________ may be signed by any one Manager, acting alone. All checks, drafts, and other instruments obligating the Company to pay money in an amount of $_________ or more must be signed on behalf of the Company by any _____ Managers acting together. Any _____ Managers, acting together, shall be authorized to sign contracts and obligations on behalf of the Company.
Agency Authority of Managers. Each Manager, acting individually, is authorized to endorse checks, drafts, and other evidences of indebtedness made payable to the order of the Company, but only for the purpose of deposit into the Company’s accounts. All checks, drafts, and other instruments obligating the Company to pay money shall be signed by both Managers. Both Managers, acting together, are also authorized to sign contracts and obligations on behalf of the Company. Any Manager may by written notice delivered to the other Manager delegate such Manager’s authority to execute any checks, drafts, contracts or any other documents or instruments on behalf of the Company to the other Manager or any other Person.
Agency Authority of Managers. The Managers, acting in their ---------------------------- capacity as Managers, shall have no authority to endorse checks, drafts, and other evidences of indebtedness made payable to the order of the Company or to sign checks, drafts, and other instruments obligating the Company to pay money, or sign agreements or other documents.
Agency Authority of Managers. Subject to Article 5.3B, any Manager, acting alone, is authorized to endorse checks, drafts, and other evidences of indebtedness ("Instruments") made payable to the order of IMMERSION, but only for the purpose of depositing such Instruments into IMMERSION's accounts. All Instruments obligating IMMERSION to pay money 13 in an amount less than Ten Thousand Dollars ($10,000.00) may be signed by any one Manager, acting alone. All Instruments obligating IMMERSION to pay money in an amount more than Ten Thousand Dollars ($10,000.00) must be signed on behalf of IMMERSION by two (2) Managers acting together.
Agency Authority of Managers. Except as expressly authorized and directed by the Board, individual Managers are not agents of the Company and the actions of an individual Manager shall not bind the Company.
Agency Authority of Managers. Subject to the provisions of this Agreement, only the Managers, acting in their capacities as the Managers, have the authority to endorse checks, drafts and other evidences of indebtedness made payable to the order of the Company or to sign checks, drafts and other instruments obligating the Company to pay money, or sign agreements or other documents in the name of or on behalf of the Company; provided, however, the Board may by a written resolution grant such authority to any other Person subject to any restrictions pursuant to the written authorization of the Board, which authorization may be general or specific.
Agency Authority of Managers. Subject to Section 5.3.2, either Manager is authorized to endorse checks, drafts, and other evidences of indebtedness made payable to the order of the Company, but only for the purpose of deposit into the Company's accounts. All checks, drafts, and other instruments obligating the Company to pay money may be signed by either Manager, and either Manager is authorized to sign contracts and obligations on behalf of the Company.
