Common use of Authority to Bind the Company Clause in Contracts

Authority to Bind the Company. Unless authorized to do so by this Agreement or by the chief executive officer, 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 or to render it liable for any purpose. The chief executive officer may act, however, by a duly authorized attorney-in-fact.

Authority to Bind the Company. Unless authorized to do so by this Agreement or by the chief executive officerManagers, no Memberattorney-in-fact, agent, employee or employee other agent 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 pecuniary for any purpose. The chief executive officer may act, however, No Member shall have any power or authority to bind the Company unless the Member has been authorized by a duly authorized attorney-in-factthe Managers to act as an agent of the Company.

Authority to Bind the Company. Unless authorized to do so Except as otherwise provided by this Agreement or by Majority Approval of the chief executive officerMembers, no Memberattorney-in-fact, agent, employee or employee other agent 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 pecuniarily for any purpose. The chief executive officer may act, however, No Member shall have any power or authority to bind the Company unless the Member has been authorized by a duly authorized attorney-in-factMajority Approval of the Members to act as agent of the Company in accordance with the previous sentence.