Common use of Continuing Authority Clause in Contracts

Continuing Authority. On dissolution of the Company pursuant to this Agreement, the Member that was the Manager prior to such dissolution (or the other Members in the event of a resignation by the Manager) shall have the power and authority to do all things on behalf of all Members that are reasonably necessary or convenient to: (a) wind up Operations, (b) complete any transaction and satisfy any obligation, unfinished or unsatisfied, at the time of such termination or resignation, if the transaction or obligation arises out of Operations prior to such termination or resignation, and (c) grant or receive extensions of time or change the method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of the Company and any or all Members, encumber Assets, and take any other reasonable action in any matter with respect to which the former Members continue to have, or appear or are alleged to have, a common interest or a common liability.

Continuing Authority. On dissolution of the Company pursuant to this Agreementunder Section 14.1, the Member that was the Manager prior to such dissolution (or the other Members Member in the event of a resignation by the Manager) shall have the power and authority to do all things on behalf of all both Members that are reasonably necessary or convenient to: (a) wind up Operations, Operations and (b) complete any transaction and satisfy any obligation, unfinished or unsatisfied, at the time of such termination or resignation, if the transaction or obligation arises out of Operations prior to such termination or resignation, . The Manager shall have the power and (c) authority to grant or receive extensions of time or change the method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of the Company and any either or all both Members, encumber Properties and Assets, and take any other reasonable action in any matter with respect to which the former Members continue to have, or appear or are alleged to have, a common interest or a common liability.

Continuing Authority. On dissolution of the Company pursuant to this Agreementunder Section 16.1, the Member that was the Manager prior to such dissolution (or the other Members Member in the event of a resignation by the Manager) shall have the power and authority to do all things on behalf of all both Members that are reasonably necessary or convenient to: (a) wind up Operations, Operations and (b) complete any transaction and satisfy any obligation, unfinished or unsatisfied, at the time of such termination dissolution or resignation, if the transaction or obligation arises out of Operations prior to such termination dissolution or resignation, . The Manager shall have the power and (c) authority to grant or receive extensions of time or change the method of payment of an already existing liability or obligation, prosecute and defend actions on behalf of the Company and any either or all both Members, encumber Assets, and take any other reasonable action in any matter with respect to which the former Members continue to have, or appear or are alleged to have, a common interest or a common liability.