Member Authority. The Member has the sole power and authority, on behalf of the Company, to carry out the Company’s business and affairs, including, without limitation, the sole power and authority to acquire, encumber, or convey real or personal property from any source and through any means; engage in any financial transactions on behalf of the Company, including opening, maintaining, or closing accounts, borrowing money, or the like; entering into contracts on behalf of the Company; commence, prosecute, or defend any legal proceedings in the Company’s name; and carry on any other business or affairs of the Company not specifically provided herein, that is not in contravention of applicable law.
Member Authority. The Member has the sole power and authority, on behalf of the Company, to carry out the Company’s business and affairs, including, without limitation, the sole power and authority to acquire, encumber, or convey real or personal property from any source and through any means; engage in any financial transactions on behalf of the Company, including opening, maintaining, or closing accounts, borrowing money, or the like; entering into contracts on behalf of the Company; commence, prosecute, or defend any legal
Member Authority. Each Member represents and warrants to the Company and to the other Members that:
(a) the Member, if not an individual, is duly organized, validly existing and in good standing under the laws of its state of organization and is duly qualified and in good standing as a foreign organization in the jurisdiction of its principal place of business if not organized therein;
(b) the Member, if not an individual, has full corporate, limited liability company, partnership, trust or other applicable power and authority to execute and agree to this Agreement and to perform its obligations hereunder and all necessary actions by the board of directors, shareholders, managers, members, partners, trustees, beneficiaries, or other Persons necessary or appropriate for the due authorization, execution, delivery and performance of this Agreement by that Member have been taken;
(c) the Member has duly executed and delivered this Agreement; and
(d) the Member’s authorization, execution, delivery and performance of this Agreement does not conflict with any other agreement or arrangement to which that Member is a party or by which it is bound.
Member Authority. Notwithstanding any provision in this Agreement or the Act to the contrary, the Member is hereby authorized and empowered to execute, deliver, or perform as agent for the Company any agreements, acts, transactions, or other matters on behalf of the Company (including agreements and transactions with the Member) as the Member shall determine in the Member’s sole discretion.
Member Authority. The Member shall have all authority, rights and powers conferred by law and those required or appropriate to the management of the Company’s business.
Member Authority. No Member will have any power or authority to bind the Company unless the Member has been expressly authorized by the Manager in writing to act as an agent of the Company as provided herein.
Member Authority. Such Member has the capacity to execute, deliver and perform or consummate the transactions contemplated by this Agreement. This Agreement has been duly and validly executed and delivered by such Member and constitutes the valid and binding obligation of such Member, enforceable against such Member in accordance with their respective terms, except as such enforcement shall be limited by bankruptcy, insolvency, moratorium or similar law affecting creditors’ rights generally and subject to general principles of equity.
Member Authority. The Member shall have all authority, rights and powers conferred by law and those required or appropriate to the management of the Company’s business, including the naming of officers of the Company pursuant to Section 7.7.1 below and the delegation of responsibility for the preceding to such officers. There is no requirement that the Member hold a meeting in order to take action on any matter. Unless otherwise provided in this Agreement, any action taken by the Member and the signature of the Member on any agreement, contract, instrument or other document on behalf of the Company, shall be sufficient to bind the Company and shall conclusively evidence the authority of the Member and the Company with respect thereto.
Member Authority. The Members agree with the Company and each other that no Member, acting individually, shall have the power or authority to act on behalf of or bind the LLC, to authorize any action to be taken by the LLC, to act as agent for the LLC, or to incur any liability or expense on behalf of the LLC, unless the power or authority has been delegated to the Member by a written resolution duly adopted by the Members in accordance with the provisions of this article and then only to the extent expressly provided for in the resolution. The Members may adopt resolutions appointing one or more Members sign on behalf of the Company to acquire, encumber, or convey real or personal property from any source and through any means; engage in any financial transactions on behalf of the Company, including opening, maintaining, or closing accounts, borrowing money, or the like; entering into contracts on behalf of the Company; commence, prosecute, or defend any legal proceedings in the Company’s name; and carry on any other business or affairs of the Company not specifically provided herein, that is not in contravention of applicable law.
Member Authority. Except with respect to duties delegated to a Member in writing signed by all Members, no single Member is authorized or empowered to execute, deliver, or perform any agreements, acts, transactions, or matters contemplated by this Agreement on behalf of the Company as agent for the Company, notwithstanding any applicable law, rule, or regulation. Except as otherwise provided in this Agreement, all Company actions must be approved and executed by all of the Members.
