Common use of Delegation of Power and Authority Clause in Contracts

Delegation of Power and Authority. The Board of Managers shall appoint officers of the Company who shall have the power and authority to manage and control the business and affairs of the Company on behalf of and subject to the control of the Board of Managers. The officers shall be a President and a Secretary. The Board of Managers may also elect a Chairman of the Board, one or more Executive Vice Presidents, one or more Vice Presidents, a Chief Executive Officer, a Chief Financial Officer, an Assistant Secretary, a Treasurer, an Assistant Treasurer, a Controller and such other officers and agents as it shall deem appropriate. Any number of offices may be held by the same person.

Delegation of Power and Authority. The Board of Managers shall appoint officers of the Company who shall have the power and authority to manage and control the business and affairs of the Company on behalf of and subject to the control of the Board of Managers. The officers shall be a President President, Executive Vice Presidents, a Secretary, a Treasurer and a SecretaryController. The Board of Managers may also elect a Chairman of the Board, one or more Executive Vice Presidents, one or more Vice Presidents, a Chief Executive Officer, a Chief Financial Officer, an Assistant Secretary, a Treasurer, an Assistant Treasurer, a Controller Treasurer and such other officers and agents as it shall deem appropriate. Any number of offices may be held by the same person.

Delegation of Power and Authority. The Board of Managers shall appoint officers of the Company who shall have the power and authority to manage and control the business and affairs of the Company on behalf of and subject to the control of the Board of Managers, the other provisions of the Agreement, and the Act. The officers shall be a President President, a Chief Financial Officer, one or more Executive Vice Presidents, a Secretary, and a SecretaryTreasurer. The Board of Managers may also elect a Chairman of the BoardChief Operating Officer, one or more Executive Vice Presidentsa Controller, one or more Vice Presidents, a Chief Executive Officer, a Chief Financial Officer, an Assistant Secretary, a Treasurer, an Assistant Treasurer, a Controller Treasurer and such other officers and agents as it shall deem appropriate. Any number of offices may be held by the same person.