Common use of Election of Officers; Delegation of Authority Clause in Contracts

Election of Officers; Delegation of Authority. The Sole Member may, from time to time, designate one or more officers with such titles as may be designated by the Sole Member to act in the name of the Company with such authority as may be delegated to such officers by the Sole Member (each such designated person, an “Officer”). Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Sole Member. Any action taken by an Officer designated by the Sole Member pursuant to authority delegated to such Officer shall constitute the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her.

Election of Officers; Delegation of Authority. The Sole Member may, from time to time, Manager may designate one or more officers with such titles as may be designated by the Sole Member Manager to act in the name of the Company with such authority as may be delegated to such officers officer(s) by the Sole Member (each such designated person, an “Officer”)Manager. Any such Officer officer shall act pursuant to such delegated authority until such Officer officer is removed by the Sole MemberManager. Any action taken by an Officer officer designated by the Sole Member pursuant to authority delegated to such Officer Manager shall constitute the act of and serve to bind the Company. In dealing with the officers acting on behalf of the Company, no Person shall be required to inquire into the authority of the officers to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her.