Common use of Power and Authority of the Officers Clause in Contracts

Power and Authority of the Officers. a. The Member may elect officers of the Company who shall have such powers as are usually exercised by comparably designated officers of a New York corporation and who shall have the power to bind the Company through the exercise of such powers to the extent consistent with their respective position, any applicable limits of authority and the terms hereof.

Power and Authority of the Officers. a. The Member may elect officers of the Company who shall have such powers as are usually exercised by comparably designated officers of a New York Delaware corporation and who shall have the power to bind the Company through the exercise of such powers to the extent consistent with their respective position, any applicable limits of authority and the terms hereof.