Power to Bind Company. Unless authorized to do so by this Agreement or by the Board, no Member of the Company shall have any power or authority to bind the Company in any way, to pledge the Company’s credit or to render it liable pecuniarily for any purpose. However, a Person may act by a duly authorized attorney-in-fact executed in writing by the Board.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (MPLX Lp), Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
Power to Bind Company. Unless authorized to do so by this Agreement or by the Board, no Member of the Company shall have any power or authority to bind the Company in any way, to pledge the Company’s 's credit or to render it liable pecuniarily for any purpose. However, a Person may act by a duly authorized attorney-in-fact executed in writing by the Board.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Markwest Energy Partners L P)
Power to Bind Company. Unless specifically authorized to do so by this Agreement or by the Majority Vote of the Board, no Member attorney-in-fact, Manager, officer, employee or other agent of the Company shall have any power or authority to bind the Company in any way, to pledge the Company’s its credit or to render it liable pecuniarily for any purpose. However, a Person may act No Member shall have any power or authority to bind the Company unless the Member has been specifically authorized by a duly authorized attorney-in-fact executed in writing by Majority Vote of the Board.Board to act as an agent of the Company for that specific purpose. 4.4
Appears in 1 contract
Samples: Limited Liability Company Agreement (Crompton & Knowles Corp)
Power to Bind Company. Unless expressly and specifically authorized to do so by this Agreement or by the BoardBoard (and then solely in such Person’s capacity as a Member), no Member of the Company shall will have any power or authority to bind the Company in any way, to pledge the Company’s credit or to render it liable pecuniarily for any purpose. However, a Person may act by a duly authorized attorney-in-fact executed in writing by the Board.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rice Energy Inc.)
Power to Bind Company. Unless authorized to do so by this Agreement or by the BoardBoard (and then solely in such Person’s capacity as a Member or, if applicable, the Operator), no Member of the Company shall will have any power or authority to bind the Company in any way, to pledge the Company’s credit or to render it liable pecuniarily for any purpose. However, a Person may act by a duly authorized attorney-in-fact executed in writing by the Board.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Rice Energy Inc.)
