Common use of Formation and Continuation Clause in Contracts

Formation and Continuation. (a) The Company was formed upon the issuance by the Secretary of State of the Certificate for the Company. This Agreement shall be effective at the time of such filing. Xxxxxxxx X. Xxxxxx is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file such certificate of formation, and any action taken prior to the execution of this Agreement in connection therewith by any such person is hereby ratified and confirmed. In addition, Xxxxxx Xxx is designated as an authorized person within the meaning of the Act. The Management Directors may designate any person to be an authorized person, within the meaning of the Act.

Appears in 15 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (United States Commodity Index Funds Trust), Limited Liability Company Agreement (United States Heating Oil Fund, LP)

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Formation and Continuation. (a) The Company was formed upon the issuance by the Secretary of State of the Certificate for the Company. This Agreement shall be effective at the time of such filing. Xxxxxxxx Nxxxxxxx X. Xxxxxx is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file such certificate of formation, and any action taken prior to the execution of this Agreement in connection therewith by any such person is hereby ratified and confirmed. In addition, Xxxxxx Xxx is designated as an authorized person within the meaning of the Act. The Management Directors may designate any person to be an authorized person, within the meaning of the Act.

Appears in 8 contracts

Samples: Limited Liability Company Agreement (United States Short Oil Fund, LP), Limited Liability Company Agreement (United States 12 Month Natural Gas Fund, LP), Limited Liability Company Agreement (United States Diesel-Heating Oil Fund, LP)

Formation and Continuation. (a) The Company was formed upon the issuance by the Secretary of State of the Certificate for the Company. This Agreement shall be effective at the time of such filing. Xxxxxxxx X. Xxxxxx is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file such certificate of formation, and any action taken prior to the execution of this Agreement in connection therewith by any such person is hereby ratified and confirmed. In addition, Xxxxxx Xxx is designated as an authorized person within the meaning of the Act. The Management Directors may designate any person to be an authorized person, within the meaning of the Act.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (United States Brent Oil Fund, LP), Limited Liability Company Agreement (United States Commodity Index Funds Trust)

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Formation and Continuation. (a) The Company was formed upon the issuance by the Secretary of State of the Certificate for the Company. This Agreement shall be effective at the time of such filing. Xxxxxxxx Nxxxxxxx X. Xxxxxx is hereby designated as an authorized person, within the meaning of the Act, to execute, deliver and file such certificate of formation, and any action taken prior to the execution of this Agreement in connection therewith by any such person is hereby ratified and confirmed. In addition, Xxxxxx Hxxxxx Xxx is designated as an authorized person within the meaning of the Act. The Management Directors may designate any person to be an authorized person, within the meaning of the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (United States Natural Gas Fund, LP)

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