Common use of Management Authority of Members and Officers Clause in Contracts

Management Authority of Members and Officers. Member shall have the full and exclusive responsibility for the management of the Company, the operation of the business of the Company, and the performance of the duties described in this Article VII of this Agreement. Member has delegated its power and authority to the following President, Secretary and/or Treasurer as officers of the Company, all of whom could be the same person and who could, but need not, be a Member of the Company and will have the power and authority provided herein, unless otherwise specified by Member: President: Xxxx Xxxxxx Secretary: Xxxxxx Xxx Treasurer: Xxxxxxx Xxxxxxx Assistant Treasurer: Xxxxxxx Xxxxxxxxxx Assistant Treasurer: Xxxxxx X. Xxxxxxx

Management Authority of Members and Officers. Member shall have the full and exclusive responsibility for the management of the Company, the operation of the business of the Company, and the performance of the duties described in this Article VII of this Agreement. Member has delegated its power and authority to the following President, Secretary and/or Treasurer as officers of the Company, all of whom could be the same person and who could, but need not, be a Member of the Company and will have the power and authority provided herein, unless otherwise specified by Member: President: Xxxx Xxxxxx Secretary: Xxxxxx Xxx Treasurer: Xxxxxxx Xxxxxxx Assistant Treasurer: Xxxxxxx Xxxxxxxxxx Assistant Treasurer: Xxxxxx X. Xxxxxxx