Common use of Officers and Agents of the Company Clause in Contracts

Officers and Agents of the Company. The Voting Members may authorize any Member or Members of the Company, or other individuals or entities, whether or not a Member, to take action on behalf of the Company, as the Voting Members deem appropriate. Any Member may lend money to and receive loans from the Company, act as an employee, independent contractor, lessee, lessor, or surety of the company, and transact any business with the Company that could be carried out by someone who is not a Member; and the Company may receive from or pay to any Member remuneration, in the form of wages, salary, fees, rent, interest, or any form that the Voting Members deem appropriate. The Voting Members may appoint officers of the Company who, to the extent provided by the Voting Members, may have and may exercise all the powers and authority of the Members or Managers in the conduct of the business and affairs of the Company. The officers of the Company may consist of a President, a Treasurer, a Secretary, or other officers or agents as may be elected or appointed by the Voting Members. The Voting Members may provide rules for the appointment, removal, supervision and compensation of such officers, the scope of their authority, and any other matters relevant to the positions. The officers shall act in the name of the Company and shall supervise its operation, within the scope of their authority, under the direction and management of the Voting Members. Any action taken by a duly authorized officer, pursuant to authority granted by the Voting Members in accordance with this Agreement, shall constitute the act of and serve to bind the Company, and each Member hereby agrees neither to dispute such action nor the obligation of the Company created thereby.

Appears in 4 contracts

Samples: Operating Agreement, Operating Agreement (Raven Fund 1), Operating Agreement

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Officers and Agents of the Company. (a) The Voting Members Board may authorize any Member or Members Stockholder of the Company, Company or other individuals or entities, whether or not a Member, Persons to take action on behalf of the Company, as the Voting Members deem Board deems appropriate. Any Member Subject to this Section, any Stockholder may lend money to and receive loans from the Company, act as an employee, independent contractor, lessee, lessor, or surety of the companyCompany, and transact any business with the Company Company, strictly on arms-length terms no less favorable than those that could be found in the market, that could be carried out by someone who is not a Member; and the Stockholder. The Company may in good faith receive from from, or pay to to, any Member Stockholder remuneration, in the form of wages, salary, fees, rent, interest, or any other form of compensation, provided that all such remuneration is market and negotiated at an arm's length basis, and previously approved by the Voting Members deem appropriate. Board. (b) The Voting Members Board may appoint officers of the Company who, to the extent provided by the Voting MembersBoard, may have and may exercise all the powers and authority of the Members or Managers in the conduct of the business and affairs of the CompanyCompany all the powers and authority delegated to such officers by the Board, provided that such officers may not exercise the powers required under the act to be exercised by the Board or the Stockholder. The officers of the Company may consist of a Chief Executive Officer, President, a Treasurer, a Secretary, or any other officers or agents as may be elected or appointed by the Voting MembersBoard. The Voting Members Subject to this Section and the paragraph above, the Board may provide rules for the appointment, removal, supervision and compensation of such officers, the scope of their authority, and any other matters relevant to the positions. The officers shall act in the name of the Company and shall supervise its operation, within the scope of their authority, under the direction and management of the Voting MembersBoard. The officers of the Company serve at the pleasure of the Board and their duties can include the management of the day to day operations of the Company. (c) Any action taken by a duly authorized officer, pursuant to authority granted by the Voting Members Board in accordance with this Agreement, shall constitute the act of and serve to bind the Company, and each Member Stockholder hereby agrees neither to dispute such action nor the obligation of the Company created thereby.

Appears in 2 contracts

Samples: Stockholders Agreement (Rokk3r Inc.), Stockholders Agreement (Rokk3r Inc.)

Officers and Agents of the Company. The Voting Members may authorize any Member or Members of the Company, or other individuals or entities, whether or not a Member, to take action on behalf of the Company, as the Voting Members deem appropriate. Any Member may lend money to and receive loans from the Company, act as an employee, independent contractor, lessee, lessor, or surety of the company, and transact any business with the Company that could be carried out by someone who is not a Member; and the Company may receive from or pay to any Member remuneration, in the form of wages, salary, fees, rent, interest, or any form that the Voting Members deem appropriateappropriate (“Guaranteed Payments”). The Voting Members may appoint officers of the Company who, to the extent provided by the Voting Members, may have and may exercise all the powers and authority of the Members or Managers in the conduct of the business and affairs of the Company. The officers of the Company may consist of a President, a Treasurer, a Secretary, or other officers or agents as may be elected or appointed by the Voting Members. The Voting Members may provide rules for the appointment, removal, supervision and compensation of such officers, the scope of their authority, and any other matters relevant to the positions. The officers shall act in the name of the Company and shall supervise its operation, within the scope of their authority, under the direction and management of the Voting Members. Any action taken by a duly authorized officer, pursuant to authority granted by the Voting Members in accordance with this Agreement, shall constitute the act of and serve to bind the Company, and each Member hereby agrees neither to dispute such action nor the obligation of the Company created thereby.

Appears in 1 contract

Samples: Operating Agreement

Officers and Agents of the Company. 4.1.1 The Voting Members Manager may authorize any Member or Members of the Company, or other individuals or entities, whether or not a Member, to take action on behalf of the Company, as the Voting Members deem Manager deems appropriate. Any Member may lend money to and receive loans from the Company, act as an employee, independent contractor, lessee, lessor, or surety of the companyCompany, and transact any business with the Company that could be carried out by someone who is not a Member; and the Company may receive from or pay to any Member remuneration, in the form of wages, salary, fees, rent, interest, or any form that the Voting Members deem Manager deems appropriate. . 4.1.2 The Voting Members Manager may appoint officers Officers of the Company who, to the extent provided by the Voting MembersManager, may have and may exercise all the powers and authority of the Members or Managers Manager in the conduct of the business and affairs of the Company. The officers Officers of the Company may consist of a Chief Executive Officer, Chief Operating Officer, Chief Investment Officer, Chief Compliance Officer, Chief Strategist, a President, a Treasurer, a Secretary, one or more Vice Presidents, Assistant Vice Presidents, or other officers or agents as may be elected or appointed by the Voting MembersManager (each, an “Officer”). The Voting Members Manager may provide rules for the appointment, removal, supervision and compensation of such officersOfficers, the scope of their authority, and any other matters relevant to the positions. The officers Officers shall act in the name of the Company and shall supervise its operation, within the scope of their authority, under the direction and management of the Voting Members. Manager. 4.1.3 Any action taken by a duly authorized officerOfficer, pursuant to authority granted by the Voting Members Manager in accordance with this Agreement, shall constitute the act of and serve to bind the Company, and each Member hereby agrees neither to dispute such action nor the obligation of the Company created thereby.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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Officers and Agents of the Company. 4.1.1 The Voting Members Manager may authorize any Member or Members of the Company, or other individuals or entities, whether or not a Member, to take action on behalf of the Company, as the Voting Members deem Manager deems appropriate. Any Member may lend money to and receive loans from the Company, act as an employee, independent contractor, lessee, lessor, or surety of the companyCompany, and transact any business with the Company that could be carried out by someone who is not a Member; and the Company may receive from or pay to any Member remuneration, in the form of wages, salary, fees, rent, interest, or any form that the Voting Members deem Manager deems appropriate. . 4.1.2 The Voting Members Manager may appoint officers Officers of the Company who, to the extent provided by the Voting MembersManager, may have and may exercise all the powers and authority of the Members or Managers Manager in the conduct of the business and affairs of the Company. The officers Officers of the Company may consist of a Chief Executive Officer, Chief Operating Officer, Chief Investment Officer, Chief Compliance Officer, Chief Technology Officer, Chief Strategist, a President, a Treasurer, a Secretary, one or more Vice Presidents, Assistant Vice Presidents, or other officers or agents as may be elected or appointed by the Voting MembersManager (each, an “Officer”). The Voting Members Manager may provide rules for the appointment, removal, supervision and compensation of such officersOfficers, the scope of their authority, and any other matters relevant to the positions. The officers Officers shall act in the name of the Company and shall supervise its operation, within the scope of their authority, under the direction and management of the Voting Members. Manager. 4.1.3 Any action taken by a duly authorized officerOfficer, pursuant to authority granted by the Voting Members Manager in accordance with this Agreement, shall constitute the act of and serve to bind the Company, and each Member hereby agrees neither to dispute such action nor the obligation of the Company created thereby.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement

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