Common use of Authority of Members to Bind the Company Clause in Contracts

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:

Appears in 2 contracts

Samples: Operating Agreement (NHP Inc), Operating Agreement (NHP Inc)

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Authority of Members to Bind the Company. Only the Member-Manager and agents of the Company authorized by the Member-Member- Manager shall have the authority to bind the Company consistent with the terms of this AgreementCompany. 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, costs or damages incurred by the Company as a result of the unauthorized action of such Member. Subject to Section 6.1 hereofSections 4 and 8 of this Operating Agreement and the limitations of section 9.5 below, the each Member-Manager has the power and authoritypower, 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:

Appears in 1 contract

Samples: Operating Agreement (PHC Hospitals, LLC)

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Authority of Members to Bind the Company. Only the Member-Manager Managers and agents of the Company authorized by the Member-Manager Managers shall have the authority to bind the Company consistent with the terms of this AgreementCompany. 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, costs or damages incurred by the Company as a result of the unauthorized action of such Member. Subject to Section section 6.1 hereofof this Company Agreement, the each Member-Manager has the power and authoritypower, on behalf of the Company, to do all things necessary or convenient to carry out the business and affairs of the Company, including, without limitationlimitations:

Appears in 1 contract

Samples: Operating Agreement (Fibermark Office Products LLC)

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