Common use of Managers as Agents Clause in Contracts

Managers as Agents. To the extent of their powers set forth in this Agreement, Class 1 Managers and Class 2 Managers (collectively referred to in this sub-section as “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.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.), Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.)

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Managers as Agents. To the extent of their powers set forth in this Agreement or, with respect to the Class 2 Managers, delegated by others as provided in this Agreement, Class 1 Managers and Class 2 Managers (collectively referred to in this sub-section as “Managers”) are agents of the Company for the purpose of the Company’s business, and the their actions of the Managers taken in accordance with such powers set forth in this Agreement or, with respect to the Class 2 Managers, delegated by others provided in this agreement shall bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CIT Group Funding CO of Canada)

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Managers as Agents. To the extent of their powers set forth in this Agreement, Class 1 Managers and Class 2 Managers (collectively referred to in this sub-section subsection as “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.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CIT Group/Corporate Aviation, Inc.)

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