Common use of Delegation of Authority and Duties Clause in Contracts

Delegation of Authority and Duties. (a) The Board of Directors may, from time to time as it deems advisable, appoint and elect (as well as remove or replace at any time with or without cause for any reason) (i) a Chief Executive Officer, (ii) a Chief Financial Officer, (iii) a Secretary and (iv) such other officer positions assigned to individuals (collectively, the “Officers”). Each Officer shall be a natural person. Any two or more offices may be held by the same person. If so appointed by the Board of Directors, the Officers shall have the authority and duties as may from time to time be assigned to them.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Seadrill Partners LLC), Limited Liability Company Agreement (Seadrill Partners LLC), Limited Liability Company Agreement (KNOT Offshore Partners LP)

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Delegation of Authority and Duties. (a) The Board of Directors Member(s) may, from time to time as it deems they deem advisable, appoint and elect (as well as remove or replace at any time with or without cause for any reason) (i) a Chief Executive OfficerPresident, (ii) a Chief Financial Officer, (iii) Treasurer and a Secretary and (iv) such other officer positions assigned to individuals (collectively, the “Officers”). Each Officer shall be a natural person. Any two or more offices may be held by the same person. The Officers shall serve with or without compensation for their services to the Company as the Member(s) shall determine. If so appointed by the Board of DirectorsMember(s), the Officers shall have the authority and duties as may from time to time be assigned to them.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Navios Maritime Midstream Partners LP), Limited Liability Company Agreement (Golar LNG Partners LP)

Delegation of Authority and Duties. (a) The Board of Directors Member(s) may, from time to time as it deems they deem advisable, appoint and elect (as well as remove or replace at any time with or without cause for any reason) (i) a Chief Executive OfficerPresident, (ii) a Chief Financial Officer, (iii) Treasurer and a Secretary and (iv) such other officer positions assigned to individuals (collectively, the “Officers”). Each Officer shall be a natural person. Any two or more offices may be held by the same person. The Officers shall serve with or without compensation for their services to the Company as the Member(s) shall determine. If so appointed by the Board of DirectorsMember(s), the Officers shall have the authority and duties as may from time to time be assigned to them.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Capital Product Partners L.P.)

Delegation of Authority and Duties. (a) The Board of Directors Member(s) may, from time to time as it deems they deem advisable, appoint and elect (as well as remove or replace at any time with or without cause for any reason) (i) a Chief Executive Officer, (ii) a Chief Financial Officer, (iii) a Treasurer, a Secretary and (iv) such other officer positions assigned to individuals (collectively, the “Officers”). Each Officer shall be a natural person. Any two or more offices may be held by the same person. The Officers shall serve with or without compensation for their services to the Company as the Member(s) shall determine. If so appointed by the Board of DirectorsMember(s), the Officers shall have the authority and duties as may from time to time be assigned to them.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (GasLog Partners LP)

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Delegation of Authority and Duties. (a) The Board of Directors may, from time to time as it deems advisable, may appoint and elect (as well as remove or replace replace, with or without cause, at any time with or without cause and for any reason) from time to time as it deems necessary or appropriate (i) a Chief Executive OfficerOfficer of the Company, (ii) a Chief Financial OfficerOfficer of the Company, (iii) a Secretary of the Company and (iv) such other officer positions assigned to individuals (collectively, the “Officers”). Each Officer shall will be a natural person. Any two or more offices may be held by the same person. If so appointed by the Board of Directors, the Officers shall will have the authority and duties as may from time to time be assigned to them.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Hoegh LNG Partners LP)

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