Common use of Directors as Agents Clause in Contracts

Directors as Agents. To the extent of their powers set forth in this Agreement, the Directors are agents of the Company for the purpose of the Company's business, and the actions of the Directors taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement, no Director shall have the authority to bind the Company in his or her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the Board.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Public Service Electric & Gas Co), Limited Liability Company Agreement (Pseg Fossil LLC), Limited Liability Company Agreement (Pseg Fossil LLC)

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Directors as Agents. To The Directors, to the extent of their powers set forth in this Agreement, the Directors are agents of the Company for the purpose of the Company's business, and the actions of the Directors taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except Except as otherwise provided in this Agreement, no single Director shall have the authority power to bind the Company in his or her individual capacity. Any Company, and all actions of the Board must be taken at a duly authorized meeting of shall have the Board or upon unanimous written consent of power to act only collectively in the Boardmanner specified herein.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Global Decisions Group LLC), Limited Liability Company Agreement (Global Decisions Group LLC), Limited Liability Company Agreement (Global Decisions Group LLC)

Directors as Agents. To the extent of their powers set forth in this Agreement, the Directors members of the Board are agents of the Company for the purpose of the Company's business, and the actions of the Directors members of the Board taken in accordance with such powers set forth in this Agreement shall bind the Company. HoweverNotwithstanding the last sentence of Section 18-402 of the Act, except as provided in this Agreement, no Director shall have the authority to bind the Company Agreement or in his or her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent resolution of the Board, a Director may not bind the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Cedar Shopping Centers Inc), Limited Liability Company Agreement (Cedar Shopping Centers Inc), Limited Liability Company Agreement (Cedar Shopping Centers Inc)

Directors as Agents. To the extent of their powers set forth in this Agreement, the Directors are agents of the Company for the purpose of the Company's ’s business, and the actions of the Directors taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement, no Director shall have the authority to bind the Company in his or her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Entergy Louisiana, LLC), Limited Liability Company Agreement (Entergy Louisiana, LLC)

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Directors as Agents. To the extent of their powers set forth in this Agreement, the actions of the Directors are agents as a group causes the Directors to constitute an agent of the Company for the purpose of the Company's ’s business, and the actions of the Directors taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except Except as provided in the Act, this AgreementAgreement or in a resolution of the Directors, no a Director shall have the authority to may not bind the Company in his or her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the BoardCompany.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (University Club, Inc. (FL))

Directors as Agents. To the extent of their powers set forth in this Agreement, Agreement and the Directors are agents of the Company for the purpose of the Company's ’s business, and the actions of the Directors taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except Except as provided in this AgreementAgreement or in a resolution of the Directors, no a Director shall have the authority to may not bind the Company in his or her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the BoardCompany.

Appears in 1 contract

Samples: Limited Liability Company Agreement (University Club, Inc. (FL))

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