Authority of Members to Bind the Company Sample Clauses

Authority of Members to Bind the Company. Only the Sole Member and any manager, officer, employee or agent of the Company authorized by the Sole Member shall have the authority to bind the Company.
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
Authority of Members to Bind the Company. The Members hereby agree that no individual Member or Members can bind the Company or its Subsidiaries unless such Member or Members are acting with the express written authority of the Executive Committee or as otherwise authorized in accordance with this Company Agreement.
Sample 1Sample 2See All (5)
Authority of Members to Bind the Company. Only the Member-Manager and agents of the Company authorized by the Member-Manager shall have the authority to bind the Company consistent with the terms of this Agreement. No Member who is not either a Member-Manager or otherwise expressly authorized by the Member-Manager as an agent shall take any action to bind the Company, and each Member shall indemnify the Company for any costs, liabilities, obligations, or damages incurred by the Company as a result of the unauthorized action of such Member. Subject to Section 6.1 hereof, the Member-Manager has the power and authority, on behalf of the Company, to do all things necessary or convenient to carry out the business and affairs of the Company, including, without limitation:
Sample 1Sample 2See All (4)
Authority of Members to Bind the Company. As provided in Section 5.2 hereof, the property, business and affairs of the Company shall be managed by its Members acting by and through the Board of Directors of the Company. Accordingly, only the Board of Directors and (to the extent permitted by this Agreement and the resolutions of the Board of Directors) Officers of the Company shall have the authority to bind the Company.
Sample 1Sample 2
Authority of Members to Bind the Company. The Members agree that only the Managing Member and agents of the Company authorized by the Managing Member will have the authority to bind the Company. No Member other than a Managing Member will take any action as a Member to bind the Company, and will indemnify the Company for any costs or damages incurred by the Company as a result of the unauthorized action of the Member. Except as limited in Section 4 of this Article VII, the Managing Member has the power, on behalf of the Company, to do all things necessary or convenient to carry out the business and affairs of the Company, including, without limitation:
Sample 1
Authority of Members to Bind the Company. Only the Manager shall have the authority to bind the Company. No Member who is not either a Manager or otherwise authorized as an agent shall take any action to bind the Company, and each Member shall indemnify the Company for any costs or damages incurred by the Company as a result of the unauthorized action of such Member. Subject to the provisions of Section 8.05, the Manager has the power, on behalf of the Company, to do all things necessary or convenient to carry out the business and affairs of the Company, including, without limitation, instituting, prosecuting and defending any proceeding in the Company's name, entering into, and renewing or modifying property management and leasing agreements, leasing or selling the Company's Property or portions thereof, entering into contracts and guaranties and incurring liabilities. Section 8.04
Sample 1
Authority of Members to Bind the Company. Only the Managing Member and agents of the Company authorized by the Managing Member shall have the authority to bind the Company. No Member who is not either a Managing Member or otherwise authorized as an agent shall take any action to bind the Company, and each Member shall indemnify the Company for any costs or damages incurred by the Company as a result of the unauthorized action of such Member. Subject to the provisions of Section 5 of this Article VII, the Managing Member has the power, on behalf of the Company, to do all things necessary or convenient to carry out the business and affairs of the Company, including, without limitation, instituting, prosecuting and defending any Proceeding in the Company’s name, entering into, and renewing or modifying property management and leasing agreements with the Property Manager. The Managing Member shall have the sole authority to remove or replace the Manager or fill a vacancy in the position thereof. The Managing Member may authorize the Manager to do all things necessary or convenient to carry out the business and affairs of the Company and may authorize the Manager to execute, acknowledge and deliver, in the name of the Company, any agreements, governmental filings, notes, mortgages, leases, documents, certificates, instruments, financing statements and affidavits on behalf of the Company.
Sample 1
AutoNDA by SimpleDocs
Authority of Members to Bind the Company. The Members hereby agree that only the JV Board, and as applicable, the Manager, shall have the authority to bind the Company. No Member other than the JV Board and the Manager shall take any action as a Member to bind the Company, and each Member shall indemnify the Company for any costs or damages incurred by the Company as a result of the unauthorized action of such Member.
Sample 1
Authority of Members to Bind the Company. (General Powers) - The Members hereby agree that only the Manager and authorized agents of the Company shall have the authority to bind the Company. The Manager has the power, on behalf of the Company, to do all things necessary or convenient to carry out the business and of the Company.
Sample 1

Related to Authority of Members to Bind the Company

  • Authority of the Company To carry out its purposes, the Company, consistent with and subject to the provisions of this Agreement and applicable law, is empowered and authorized to do any and all acts and things incidental to, or necessary, appropriate, proper, advisable, or convenient for, the furtherance and accomplishment of its purposes.

  • Authority of Partners No Limited Partner, in its capacity as such, shall participate in or have any control over the business of the Partnership. Except as expressly provided herein, the Units do not confer any rights upon the Limited Partners to participate in the affairs of the Partnership described in this Agreement. Except as expressly provided herein, the Limited Partners shall have no right to vote on any matter involving the Partnership, including with respect to any merger, consolidation, combination or conversion of the Partnership. The conduct, control and management of the Partnership shall be vested exclusively in the General Partner. In all matters relating to or arising out of the conduct of the operation of the Partnership, the decision of the General Partner shall be the decision of the Partnership. No Partner who is not also a General Partner (and acting in such capacity) shall take any part in the management or control of the operation or business of the Partnership in its capacity as a Partner, nor shall any Partner who is not also a General Partner (and acting in such capacity) have any right, authority or power to act for or on behalf of or bind the Partnership in his or its capacity as a Partner in any respect or assume any obligation or responsibility of the Partnership or of any other Partner. Notwithstanding the foregoing, the Partnership may employ one or more Partners from time to time, and such Partners, in their capacity as employees of the Partnership (and not, for clarity, in their capacity as Limited Partners of the Partnership), may take part in the control and management of the business of the Partnership to the extent such authority and power to act for or on behalf of the Partnership has been delegated to them by the General Partner.

  • Authority of Parties 5.1 Nothing in this Agreement will constitute or be deemed to constitute a partnership between the Parties, or constitute or be deemed to constitute the Parties as agents or employees of one another for any purpose or in any form whatsoever.

Time is Money Join Law Insider Premium to draft better contracts faster.