Common use of Managers as Agents Clause in Contracts

Managers as Agents. To the extent of their powers set forth in this Agreement, the Managers are agents of the Company for the purpose of the Company’s business, and the actions of the Managers, through the Board and taken in accordance with such powers set forth in this Agreement, shall bind the Company. Except as provided in this Agreement or pursuant to an authorization from the Board, an individual Manager may not bind the Company.

Appears in 2 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company Operating Agreement

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Managers as Agents. To the extent of their powers set forth in this Agreement, the Managers are agents of the Company for the purpose of the Company’s business, and the actions of the Managers, through the Board and Managers taken in accordance with such powers set forth in this Agreement, Agreement shall bind the Company. Except However, except as provided in this Agreement or pursuant to an authorization from authorized by the Board, an individual no Manager may not shall have the authority to bind the CompanyCompany in his or her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the Board.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (JCP&L Transition Funding II LLC), Limited Liability Company Agreement (RSB Bondco LLC)

Managers as Agents. To the extent of their powers set forth in this Agreement, the Managers are agents of the Company for the purpose of the Company’s 's business, and the actions of the Managers, through the Board and Managers taken in accordance with such powers set forth in this Agreement, Agreement shall bind the Company. Except However, except as provided in this Agreement Agreement, no Manager shall have the authority to bind the Company in his or pursuant to an authorization from her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the Board, an individual Manager may not bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gpu Inc /Pa/)

Managers as Agents. To the extent exent of their powers set forth in this Agreement, Agreement the Managers are agents of the Company for the purpose of the Company’s 's business, and the actions of the Managers, through the Board and Managers taken in accordance with such powers set forth in this Agreement, Agreement shall bind the Company. Except However, except as provided in this Agreement Agreement, no Manager shall have the authority to bind the Company in his or pursuant to an authorization from her individual capacity. Any and all actions of the Board must be taken at duly authorized meeting of the Board or upon unanimous written consent of the Board, an individual Manager may not bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pseg Energy Holdings LLC)

Managers as Agents. To the extent of their powers set forth in this Agreement, Agreement the Managers are agents of the Company for the purpose of the Company’s 's business, and the actions of the Managers, through the Board and Managers taken in accordance with such powers set forth in this Agreement, Agreement shall bind the Company. Except However, except as provided in this Agreement Agreement, no Manager shall have the authority to bind the Company in his or pursuant to an authorization from her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the Board, an individual Manager may not bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pseg Energy Holdings LLC)

Managers as Agents. To the extent of their powers set forth in ------------------ this Agreement, the Managers are agents of the Company for the purpose of the Company’s 's business, and the actions of the Managers, through the Board and Managers taken in accordance with such powers set forth in this Agreement, Agreement shall bind the Company. Except However, except as provided in this Agreement Agreement, no Manager shall have the authority to bind the Company in his or pursuant to an authorization from her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the Board, an individual Manager may not bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Gpu Inc /Pa/)

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Managers as Agents. To the extent of their powers set forth in this Agreement, the Managers are agents of the Company for the purpose of the Company’s 's business, and the actions of the Managers, through the Board and taken in accordance with such powers set forth in this Agreement, shall bind the Company. Except as provided in this Agreement or pursuant to an authorization from the Board, an individual Manager may not bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

Managers as Agents. To the extent of their powers set forth in this ------------------ Agreement, the Managers are agents of the Company for the purpose of the Company’s 's business, and the actions of the Managers, through the Board and Managers taken in accordance with such powers set forth in this Agreement, Agreement shall bind the Company. Except However, except as provided in this Agreement Agreement, no Manager shall have the authority to bind the Company in his or pursuant to an authorization from her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon unanimous written consent of the Board, an individual Manager may not bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Jcp&l Transition Funding LLC)

Managers as Agents. To the extent of their powers set forth in this Agreement, the Managers are agents of the Company for the purpose of the Company’s business, and the actions of the Managers, through the Board and Managers taken in accordance with such powers set forth in this Agreement, Agreement shall bind the Company. Except However, except as provided in this Agreement or pursuant Agreement, no Manager shall have the authority to an authorization from the Board, an individual Manager may not bind the CompanyCompany in his or her individual capacity. Any and all actions of the Board must be taken at a duly authorized meeting of the Board or upon written consent of the Board in accordance with this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (GE Capital Funding, LLC)

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