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 taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the Board, no Manager shall have the authority to bind the Company 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)

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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 taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the BoardAgreement, no Manager shall have the authority to bind the Company 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 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 taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the BoardAgreement, no Manager shall have the authority to bind the Company 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 1 contract

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

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 Managers, through the Board and taken in accordance with such powers set forth in this Agreement Agreement, shall bind the Company. However, except Except as provided in this Agreement or authorized by pursuant to an authorization from the Board, no an individual Manager shall have the authority to may not bind the Company 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 BoardCompany.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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 taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the BoardAgreement, no Manager shall have the authority to bind the Company 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 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 taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the BoardAgreement, no Manager Managers shall have the authority to bind the Company 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 1 contract

Samples: Limited Liability Company Agreement (Entergy Corp /De/)

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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 taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the BoardAgreement, no Manager shall have the authority to bind the Company 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 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 taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the BoardAgreement, no Manager shall have the authority to bind the Company 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 BoardBoard in accordance with this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (GE Capital 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 's business, and the actions of the Managers taken in accordance with such powers set forth in this Agreement shall bind the Company. However, except as provided in this Agreement or authorized by the BoardAgreement, no Manager shall have the authority to bind the Company 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 1 contract

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

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