Common use of Power of Attorney Irrevocable Clause in Contracts

Power of Attorney Irrevocable. It is expressly intended by each Member that the foregoing power of attorney is a special power of attorney coupled with an interest in favor of the Managing Member or its designee, and as such is irrevocable and will survive the death, incompetence or adjudication of insanity (and, in the case of a Member that is not a natural person, the merger, dissolution or other termination of existence) of a Member.

Appears in 1 contract

Samples: Exchange Agreement (Oak Street Financial Services Inc)

AutoNDA by SimpleDocs

Power of Attorney Irrevocable. It is expressly intended by each Member that the foregoing power of attorney is a special power of attorney coupled with an interest in favor of the Managing Member or its designeeMember, and as such is shall be irrevocable and will shall survive the death, incompetence or adjudication of insanity (and, in the case of a Member that is not a natural person, the merger, dissolution or other termination of existence) of a Member.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (THM Homes Inc)

Power of Attorney Irrevocable. It is expressly intended by each Member that the foregoing power of attorney is a special power of attorney coupled with an interest in favor of the Managing Member or its designeeeach Manager, and as such is shall be irrevocable and will shall survive the death, incompetence or adjudication of insanity (and, in the case of a Member that is not a natural person, the merger, dissolution or other termination of existence) of a Member.

Appears in 1 contract

Samples: Operating Agreement (Brick Top Productions, Inc.)

AutoNDA by SimpleDocs

Power of Attorney Irrevocable. It is expressly intended by each Member Limited Partner that the foregoing power of attorney is a special power of attorney coupled with an interest in favor of the Managing Member or its designeeGeneral Partner, and as such is shall be irrevocable and will shall survive the death, incompetence or adjudication of insanity (and, in the case of a Member Limited Partner that is not a natural person, the merger, dissolution or other termination of existence) of a MemberLimited Partner.

Appears in 1 contract

Samples: Limited Partnership Agreement (Michigan's Adventure, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!