Authority of Member. Subject to Section 3.04, the Member, acting in such capacity, shall have the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company, or to incur any expenditures, debts, liabilities or obligations on behalf of the Company.
Authority of Member. The Members are the agent of the Company and have authority to bind the Company on all matters. The authority of the Members include, without limitation, the authority to: (a) sell, lease, exchange, mortgage, pledge, or otherwise transfer or dispose of all or substantially all of the property or assets of the Company; (b) merge the Company with any other entity; (c) amend the articles of organization of the Company or this agreement; (e) change the nature of the business of the Company; or (f) commence a voluntary bankruptcy case for the Company.
Authority of Member. The Member shall have authority to bind or take any action on behalf of or in the name of the Company, or enter into any commitment or obligation binding upon the Company. Notwithstanding anything to the contrary in this Agreement, without first obtaining the consent of the Member, the Company shall not and the Board shall not authorize the Company to:
(i) sell all or substantially all of the assets of the Company;
(ii) merge, combine or consolidate the Company with or into any other corporation, partnership, limited liability company or other entity;
(iii) dissolve, liquidate and/or terminate the Company;
(iv) take any action in contravention of this Agreement;
(v) admit any additional member;
(vi) institute a case or other proceeding under any section or chapter of the Federal Bankruptcy Code as it may be hereafter amended or supplemented; or
(vii) take any action or fail to take any action that the Member, by written notice to the Board from time to time, directs that the Company may not take or fail to take without the Member’s prior consent.
Authority of Member. Member has the full company power and authority to carry on its business as now being conducted, and the authority to execute, deliver and perform this Agreement and to carry out its obligations hereunder and otherwise to consummate the transactions contemplated hereby. This Agreement has been duly authorized, executed and delivered by Member and no other company proceedings on the part of Member are necessary to authorize this Agreement or to consummate and perform the transactions contemplated hereby. This Agreement is a legal, valid and binding obligation of Member, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, reorganization, insolvency or similar laws and subject to general principles of equity.
Authority of Member. 8 SECTION 2.7
Authority of Member. Subject to Section 3.4, the Member, acting in such capacity, shall have the authority or power to act for or on behalf of the Company, to do any act that would be binding on the Company, or to incur any expenditures, debts, liabilities or obligations on behalf of the Company. The Company, and the Member, or any Manager on behalf of the Company, may enter into and perform the Basic Documents and all documents, agreements, certificates, or financing statements contemplated thereby or related thereto, all without any further act, vote or approval of any Member or Manager or other Person notwithstanding any other provision of this Agreement, the Act or applicable law, rule or regulation. The foregoing authorization shall not be deemed a restriction on the powers of the Member or any Manager to enter into other agreements on behalf of the Company.
Authority of Member in Charge In case the consultant is, or consists of, a joint venture/ consortium/ association of more than one entity, the Members authorise the entity specified in the SCC to act for and on behalf of the Members in exercising all the consultant’s rights and obligations towards the procuring entity under this Contract, including without limitation the receiving of instructions and payments from the procuring entity.
Authority of Member. Such Member has the right, power and authority to enter into this Agreement and the Ancillary Agreements to which such Member is a party and to consummate the transactions contemplated hereby and thereby. This Agreement has been, and each Ancillary Agreement to which such Member is a party hereto will be, duly and validly executed and delivered by such Member, and this Agreement and such Ancillary Agreements are and shall constitute the legal, valid and binding obligations of such Member enforceable against such Member in accordance with their respective terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity.
Authority of Member. Member, in its capacity as Member, shall have exclusive control over the business of the Company, shall have the authority to bind the Company, and shall have all rights, power and authority generally conferred by law or otherwise and consistent with the purposes of the Company.
Authority of Member in-charge In case the Consultant consists of a consortium of more than one entity, the Parties agree that the Lead Member shall act on behalf of the Members in exercising all the Consultant’s rights and obligations towards the Authority under this Agreement, including without limitation the receiving of instructions and payments from the Authority.
