Delegation of Authority and Duties. 7.2.1 In managing the business and affairs of the Company and exercising its powers, the Members shall act (i) collectively by their respective Representatives through meetings and written consents pursuant to Section 7.6 and 7.7, (ii) through committees pursuant to Section 7.2.2; and (iii) through Representatives to whom authority and duties have been delegated pursuant to Section 7.2.3.
Appears in 2 contracts
Samples: Operating Agreement (Public Service Co of North Carolina Inc), Operating Agreement (Public Service Co of North Carolina Inc)
Delegation of Authority and Duties. 7.2.1 (a) In managing the business and affairs of the Company and exercising its powers, the Members Board shall act (i) collectively by their respective Representatives through meetings and written consents pursuant to Section 7.6 Sections 8.5 and 7.7, 8.7; (ii) through committees pursuant to Section 7.2.2Subsection 8.2(b); and (iii) through Representatives any Manager to whom authority and duties have been delegated pursuant to Section 7.2.3Subsection 8.2(c).
Appears in 2 contracts
Samples: Operating Agreement (Rent a Center Inc De), Rent a Center Inc De
Delegation of Authority and Duties. 7.2.1 In managing the business and affairs of the Company and exercising its powers, the Members Board shall act (i) collectively by their respective Representatives through meetings and written consents pursuant to Section 7.6 Sections 7.5 and 7.7, (ii) ; through committees pursuant to Section 7.2.2; and (iii) through Representatives the Managers or officers to whom authority and duties have been delegated pursuant to Section 7.2.3.. Notwithstanding anything in this Agreement to the contrary, the following actions shall require the prior approval of at least one Class II Manager:
Appears in 1 contract