Common use of Further Delegation of Authority Clause in Contracts

Further Delegation of Authority. The Board of Directors may, from time to time, delegate to any Person (including any Member, Officer or Director) such authority and powers to act on behalf of the Company as it shall deem advisable in its discretion, except that the Board of Directors may not delegate its authority with respect to the matters set forth in Section 7.1(b), Section 7.1(c) and Section 7.1(d). Any delegation pursuant to this Section 7.4 may be revoked at any time and for any reason or no reason by the Board of Directors.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/), Limited Liability Company Agreement (Coca Cola Bottling Co Consolidated /De/)

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Further Delegation of Authority. The Board of Directors Managers may, from time to time, delegate to any Person (including any Member, Member or Officer of the Company or Directorany Manager) such authority and powers to act on behalf of the Company as it shall deem advisable in its sole discretion, except that the Board of Directors may not delegate its authority with respect to the matters set forth in Section 7.1(b), Section 7.1(c) and Section 7.1(d). Any delegation pursuant to this Section 7.4 6.4 may be revoked at any time and for any reason or no reason by the Board of DirectorsManagers in its sole discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement (American Realty Capital New York Recovery Reit Inc)

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Further Delegation of Authority. The Board of Directors may, from time to time, delegate to any Person (including any Member, Member or Officer of the Company or any Director) such authority and powers to act on behalf of the Company as it shall deem advisable in its sole discretion, except ; provided that no such delegation shall have the Board effect of Directors may not delegate its authority with respect to reducing the matters set forth in Section 7.1(b), Section 7.1(c) powers and Section 7.1(d)duties of the CEO. Any delegation pursuant to this Section 7.4 6.4 may be revoked at any time and for any reason or no reason by the Board of DirectorsDirectors in its sole discretion.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Chefs' Warehouse Holdings, LLC)

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