Common use of Officers of Fund Clause in Contracts

Officers of Fund. (a) The Manager shall appoint a President, one or more Vice Presidents, a Secretary and such other officers and agents of the Fund as the Manager may from time to time consider appropriate, none of who need be a Shareholder. Each officer shall have the powers and duties usually appertaining to a similar officer of any similar limited liability company or alternative entity under the direction of the Manager and shall hold office at the pleasure of the Manager. Unless otherwise specified by the Manager, the President of the Fund shall be its chief executive officer. The same person may hold any two or more offices. Any officer may resign by delivering a written resignation to the Manager and such resignation shall take effect upon delivery or as otherwise specified therein. (b) All conveyances of real property or any interest therein by the Fund may be made by the Manager, which shall execute on behalf of the Fund any instruments necessary to effect the conveyance. A certificate of the Secretary of the Fund stating compliance with this Section 12.6 (b) shall be conclusive in favor of any person relying thereon. (c) All other documents, agreements, instruments and certificates that are to be made, executed or endorsed on behalf of the Fund shall be made, executed or endorsed by such officers of the Fund, the Manager or persons as the Manager shall from time to time authorize and such authority may be general or confined to specific instances. In the absence of other provisions, the President is authorized to execute any document, to take any action on behalf of the Fund and to authorize other officers to execute confirmatory documents or certificates.

Officers of Fund. (a) The Manager shall appoint a President, one or more Vice Presidents, a Secretary and such other officers and agents of the Fund as the Manager may from time to time consider appropriate, none of who need be a Shareholder. Each officer shall have the powers and duties usually appertaining to a similar officer of any similar limited liability company or alternative entity under the direction of the Manager and shall hold office at the pleasure of the Manager. Unless otherwise specified by the Manager, the President of the Fund shall be its chief executive officer. The same person may hold any two or more offices. Any officer may resign by delivering a written resignation to the Manager and such resignation shall take effect upon delivery or as otherwise specified therein. (b) All conveyances of real property or any interest therein by the Fund may be made by the Manager, which shall execute on behalf of the Fund any instruments necessary to effect the conveyance. A certificate of the Secretary of the Fund stating compliance with this Section 12.6 (b12.6(b) shall be conclusive in favor of any person relying thereon. (c) All other documents, agreements, instruments and certificates that are to be made, executed or endorsed on behalf of the Fund shall be made, executed or endorsed by such officers of the Fund, the Manager or persons as the Manager shall from time to time authorize and such authority may be general or confined to specific instances. In the absence of other provisions, the President is authorized to execute any document, to take any action on behalf of the Fund and to authorize other officers to execute confirmatory documents or certificates.

Officers of Fund. (a) The Manager shall appoint a President, one or more Vice Presidents, a Secretary and such other officers and agents of the Fund as the Manager may from time to time consider appropriate, none of who need be a Shareholder. Each officer shall have the powers and duties usually appertaining to a similar officer of any similar limited liability company or alternative entity under the direction of the Manager and shall hold office at the pleasure of the Manager. Unless otherwise specified by the Manager, the President of the Fund shall be its chief executive officer. The same person may hold any two or more offices. Any officer may resign by delivering a written resignation to the Manager and such resignation shall take effect upon delivery or as otherwise specified therein. (b) All conveyances of real property or any interest therein by the Fund may be made by the Manager, which shall execute on behalf of the Fund any instruments necessary to effect the conveyance. A certificate of the Secretary of the Fund stating compliance with this Section 12.6 (b12.6(b) shall be conclusive in favor of any person relying thereon. (c) All other documents, agreements, instruments and certificates that are to be made, executed or endorsed on behalf of the Fund shall be made, executed or endorsed by such officers of the Fund, the Manager or persons as the Manager shall from time to time authorize and such authority may be general or confined to specific instances. In the absence of other provisions, the President is authorized to execute any document, to take any action on behalf of the Fund within this Section 12.6(c), and to authorize other officers to execute confirmatory documents or certificates.

Officers of Fund. (a) The Manager shall appoint a President, one or more Vice Presidents, a Secretary and such other officers and agents of the Fund as the Manager may from time to time consider appropriate, none of who need be a Shareholder. Each officer shall have the powers and duties usually appertaining to a similar officer of any similar limited liability company or alternative entity under the direction of the Manager and shall hold office at the pleasure of the Manager. Unless otherwise specified by the Manager, the President of the Fund shall be its chief executive officer. The same person may hold any two or more offices. Any officer may resign by delivering a written resignation to the Manager and such resignation shall take effect upon delivery or as otherwise specified therein. (b) All conveyances of real property or any interest therein by the Fund may be made by the Manager, which shall execute on behalf of the Fund any instruments necessary to effect affect the conveyance. A certificate of the Secretary of the Fund stating compliance with this Section 12.6 (b) shall be conclusive in favor of any person relying thereon. (c) All other documents, agreements, instruments and certificates that are to be made, executed or endorsed on behalf of the Fund shall be made, executed or endorsed by such officers of the Fund, the Manager or persons as the Manager shall from time to time authorize and such authority may be general or confined to specific instances. In the absence of other provisions, the President is authorized to execute any document, to take any action on behalf of the Fund and to authorize other officers to execute confirmatory documents or certificates.