Common use of Authority to Bind the Company Clause in Contracts

Authority to Bind the Company. Unless authorized in writing to do so by this Agreement or by a Manager, neither the Sole Member nor an agent or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit, or to render it liable for any purpose. The Manager, without the written consent of the Sole Member, shall not file or cause to be filed any action in bankruptcy involving the Company.

Appears in 12 contracts

Samples: Operating Agreement (Drivetime Automotive Group Inc), Operating Agreement (DriveTime Ohio Company, LLC), Operating Agreement (DriveTime Ohio Company, LLC)

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Authority to Bind the Company. Unless authorized in writing to do so by this Agreement or by a Manager, neither the Sole Member nor an agent no Member, agent, or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit, credit or to render it liable for any purpose. The Manager, without the written consent of the Sole Member, shall not file or cause to be filed any action in bankruptcy involving the Company.

Appears in 1 contract

Samples: Operating Agreement (Transnational Industries Inc)

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Authority to Bind the Company. Unless authorized in writing to do so by this Agreement or by a Manager, neither the Sole Member nor an agent or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit, or to render it liable for any purpose. The ManagerManagers, without the written consent of the Sole Member, shall not file or cause to be filed any action in bankruptcy involving the Company.

Appears in 1 contract

Samples: Operating Agreement (DT Credit Company, LLC)

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