Common use of Officers as Agents Clause in Contracts

Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company's business and, subject to SECTION 9(J), the actions of the Officers taken in accordance with such powers shall bind the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Taconic Asset Acceptance Company, L.L.C.), Limited Liability Company Agreement (World Financial Network Credit Card Master Trust)

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Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company's business andbusiness, subject to SECTION 9(J), and the actions of the Officers taken in accordance with such their respective powers set forth in this Agreement shall bind the Company. Without limiting the generality of the foregoing, no Officer shall have any power or authority or right to act for or bind the Company with respect to any matter unless previously authorized by the Board or, where required pursuant to Section 5.14, by the Members.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Molten Metal Technology Inc /De/), Limited Liability Company Agreement (Molten Metal Technology Inc /De/)

Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company's business and, subject to SECTION 9(JSection 10(j), the actions of the Officers taken in accordance with such powers shall bind the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (NCT Funding Co LLC), Limited Liability Company Agreement (Dealer Auto Receivables Co LLC)

Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this AgreementBoard, are agents of the Company for the purpose of the Company's business andbusiness, subject to SECTION 9(J), and the actions of the Officers taken in accordance with such powers shall bind the CompanyCompany within the meaning of Section 18-402 of the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Novelis Finances USA LLC)

Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company's business and, subject to SECTION 9(J)8, the actions of the Officers taken in accordance with such powers shall bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Allegheny Energy Supply Co LLC)

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Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company's business and, subject to SECTION 9(J9(j), the actions of the Officers taken in accordance with such powers shall bind the Company.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (American Capital Strategies LTD)

Officers as Agents. The Officers, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Board not inconsistent with this Agreement, are agents of the Company for the purpose of the Company's business and, subject to SECTION 9(J), the actions of the Officers taken in accordance with such powers shall bind the Company.to

Appears in 1 contract

Samples: Limited Liability Company Agreement (E Loan Inc)

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