Common use of Duties of President Clause in Contracts

Duties of President. The President shall be the chief executive officer of the Company, and in the absence of the Chairman and Vice Chairman shall preside at all meetings of the Members. He shall have general and active management of the day to day business and affairs of the Company and shall see that all orders and resolutions of the Managers are carried into effect. The President shall execute bonds, mortgages and other contracts 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 Managers to some other officer or agent of the Company.

Appears in 2 contracts

Samples: Operating Agreement (Smart Move, Inc.), Operating Agreement (Smart Move, Inc.)

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Duties of President. The President shall be the chief executive officer of the Company, and in the absence of the Chairman and Vice Chairman shall preside at all meetings of the Members. He shall have general and active management of the day to day business and affairs of the Company and shall see that all orders and resolutions of the Managers Managing Member(s) are carried into effect. The President shall execute bonds, mortgages and other contracts 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 Managers Managing Member(s) to some other officer or agent of the Company.

Appears in 1 contract

Samples: Operating Agreement (Global Casinos Inc)

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Duties of President. The President shall be the chief executive officer of the Company, and in the absence of the Chairman and Vice Chairman shall preside at all meetings of the Members. He The President shall have general and active management of the day to day-to-day business and affairs of the Company and shall see that all orders and resolutions of the Board of Managers are carried into effect. The President shall execute bonds, mortgages and other all contracts except where required or permitted by law to be otherwise signed and executed and except where the signing and execution thereof shall be has been expressly delegated by the Board of Managers to some other officer or agent of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Spectrum Pharmaceuticals Inc)

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