Number; Powers; By-laws. The business and affairs of the Company shall be managed by or under the direction of a Board composed of not less than three nor more than five Directors. The Board shall manage the business and affairs of the Company and may exercise all powers in connection therewith, except for such powers as are required to be exercised by Securityholders, all in accordance with the Agreement, these By-laws and applicable law. Except to the extent that the Board or the Securityholders confer such authority on a Director, no Director shall have the authority to bind the Company.
Appears in 8 contracts
Samples: Administration Agreement (Ubs Preferred Funding Trust Iv), Administration Agreement (Ubs Preferred Funding Trust Iv), Limited Liability Company Agreement (UBS Preferred Funding Trust VIII)
Number; Powers; By-laws. The business and affairs of the Company shall be managed by or under the direction of a Board of Directors composed initially of four Directors and thereafter of not less than three four nor more than five seven Directors. The Board shall manage the business and affairs of the Company and may exercise all powers in connection therewith, and except for such powers as are required to be exercised by Securityholders, all in accordance with the Agreement, these By-laws and applicable law. Except to the extent that the Board of Directors or the Securityholders confer such authority on a Director, no Director shall have the authority to bind the Company.
Appears in 8 contracts
Samples: Limited Liability Company Agreement (Deutsche Bank Contingent Capital LLC V), Limited Liability Company Agreement (Deutsche Bank Capital Funding LLC IX), Limited Liability Company Agreement (Deutsche Bank Capital Funding Trust XII)
Number; Powers; By-laws. The business and affairs of the Company shall be managed by or under the direction of a Board composed of not less than three one nor more than five seven Directors. The Board shall manage the business and affairs of the Company and may exercise all powers in connection therewith, except for such powers as are required to be exercised by Securityholders, all in accordance with the Agreement, these By-laws Laws and applicable law. Except to the extent that the Board or the Securityholders confer such authority on a Director, no Director shall have the authority to bind the Company.
Appears in 4 contracts
Samples: Administration Agreement (Teco Energy Inc), Administration Agreement (Teco Capital Trust Iii), Administration Agreement (Teco Energy Inc)
