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.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Pse&g Transition Funding LLC), Limited Liability Company Agreement (Consumers Funding LLC), Limited Liability Company Agreement (Pp&l Transition Bond Co Inc)
Authority of Member. Subject to Section 3.044.04, 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.
Appears in 9 contracts
Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO III, LLC)
Authority of Member. Subject to Section 3.04, the Member, acting in such capacity, shall have the authority or and power to act for or and on behalf of the Company, to do any act that would be binding on the Company, or and to incur any expenditures, debts, liabilities or and obligations on behalf of the Company.
Appears in 6 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (JCP&L Transition Funding II LLC), Limited Liability Company Agreement (MP Environmental Funding LLC)
Authority of Member. Subject to Section 3.044.04, 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.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC)
