Officers; Agents. The Sole Member shall have the power to appoint any Person or Persons as the Company’s officers (the “Officers”) to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member hereunder. Any decision or act of an Officer within the scope of the Officer’s designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member shall deem appropriate, which may include (but need not be limited to) President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. The Officers as of the date hereof shall continue in office in accordance with the terms hereof. Unless the authority of an Officer is limited by the Sole Member, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member may be removed at any time, with or without cause, by the Sole Member in its sole discretion. Any vacancy occurring in any office of the Company shall be filled by the Sole Member.
Appears in 4 contracts
Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Plains All American Pipeline Lp), Registration Rights Agreement (Plains All American Pipeline Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s officers (the “Officers”) to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The Officers of the Company as of the date hereof shall continue in office in accordance with the subject to terms hereof. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp), Limited Liability Company Agreement (Plains All American Pipeline Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s officers (the “Officers”) to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. The Officers as of the date hereof shall continue in office in accordance with the terms hereofA Director may be an Officer. Any one person may hold one or more offices. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Contribution Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Natural Resource Partners Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s 's officers (the “Officers”"OFFICERS") to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s 's designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The initial Officers as of the date hereof shall continue in office in accordance with the terms hereofare set forth on Schedule 7.9. Any one person may hold one or more offices. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Natural Resource Partners Lp), Limited Liability Company Agreement (Natural Resource Partners Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s 's officers (the “"Officers”") to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s 's designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The initial Officers as of the date hereof shall continue in office in accordance with the terms hereofare set forth on Schedule 7.4. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s officers (the “Officers”) to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The initial Officers as of the date hereof shall continue in office in accordance with the terms hereofare set forth on Schedule 3. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by the Sole Memberaffirmative vote of a majority of the Board.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains Gp Holdings Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s officers (the “Officers”) to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The Officers of the Company as of the date hereof shall continue in office in accordance with the terms hereof. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains Gp Holdings Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s 's officers (the “Officers”"OFFICERS") to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s 's designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The initial Officers as of the date hereof shall continue in office in accordance with the terms hereofare set forth on Schedule 7.4. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative EXECUTION COPY vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains Resources Inc)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s officers (the “Officers”) to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The initial Officers as of the date hereof shall continue in office in accordance with the terms hereofare set forth on Schedule 3. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains Gp Holdings Lp)
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s 's officers (the “Officers”"OFFICERS") to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s 's designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. The Officers as of the date hereof shall continue in office in accordance with the terms hereofA Director may be an Officer. Any one person may hold one or more offices. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 1 contract
Officers; Agents. The Sole Member Board shall have the power to appoint any Person or Persons as the Company’s officers (the “Officers”) to act for the Company and to delegate to such Officers such of the powers as are granted to the Sole Member Board hereunder. Any decision or act of an Officer within the scope of the Officer’s designated or delegated authority shall control and shall bind the Company (and any business entity for which the Company exercises direct or indirect executory authority). The Officers may have such titles as the Sole Member Board shall deem appropriate, which may include (but need not be limited to) Chairman of the Board, President, Chief Executive Officer, Executive Vice President, Vice President, Chief Operating Officer, Chief Financial Officer, Treasurer, Controller or Secretary. A Director may be an Officer. The initial Officers as of the date hereof shall continue in office in accordance with the terms hereofare set forth on Schedule 7.4. Unless the authority of an Officer is limited by the Sole MemberBoard, any Officer so appointed shall have the same authority to act for the Company as a corresponding officer of a Delaware corporation would have to act for a Delaware corporation in the absence of a specific delegation of authority. The Officers shall hold office until their respective successors are chosen and qualify or until their earlier death, resignation or removal. Any Officer elected or appointed by the Sole Member Board may be removed at any time, with or without cause, time by the Sole Member in its sole discretionaffirmative vote of a majority of the Board. Any vacancy occurring in any office of the Company shall be filled by a majority of the Sole MemberBoard.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Plains All American Pipeline Lp)