Common use of Duties and Powers of President Clause in Contracts

Duties and Powers of President. The President shall be the chief executive officer of the Company, shall have general and active management of the business of the Company, and shall see that all orders and resolutions of the Member and the Manager are carried into effect. The President shall execute bonds, mortgages, and other contracts requiring a seal, under the seal of the Company, except where required or permitted by law to be otherwise signed and executed, and except where the signing and execution thereof shall be expressly delegated by the Member to some other officer or agent of the Company.

Appears in 2 contracts

Samples: Operating Agreement (RedCo Group, Inc.), Operating Agreement (Molina Healthcare Inc)

AutoNDA by SimpleDocs

Duties and Powers of President. The President president shall be the chief executive officer of the CompanyPartnership, shall and shall, subject to the control of the Board of Directors, have general and active management of the business of the Company, Partnership and shall see that all orders and resolutions of the Member Board of Directors and the Manager Managing General Partner are carried into effect. The President shall execute bonds, mortgageshave the general powers and duties of management usually vested in the office of president of a corporation, and shall have such other contracts requiring a seal, under the seal of the Company, except where required or permitted by law to powers and duties as may be otherwise signed and executed, and except where the signing and execution thereof shall be expressly delegated prescribed by the Member to some other officer or agent Board of the CompanyDirectors.

Appears in 2 contracts

Samples: Partnership Agreement (Iac Capital Trust), Partnership Agreement (Iac Capital Trust)

AutoNDA by SimpleDocs

Duties and Powers of President. The President president shall be the chief executive officer of the Company, shall have general and active management of the business of the Company, Company and shall see that all orders and resolutions of the Member Members and the Manager Board are carried into effect. The President president shall execute bonds, mortgages, mortgages and other contracts requiring a seal, under the seal of the Company, except where required or permitted by law to be otherwise signed and executed, and except where the signing and execution thereof shall be expressly delegated by the Member to some other officer or agent of the Company.signing

Appears in 1 contract

Samples: Limited Liability Company Agreement (G Iii Apparel Group LTD /De/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!