Common use of Power to Bind Company Clause in Contracts

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, only the Authorized Officers, the Administrator and the Titling Company Registrar (acting in their respective capacities as such) have the authority to bind, or cause to be bound, the Company (on its own behalf or on behalf of or with respect to any Series) or any Series to any third party with respect to any matter.

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, only the Authorized OfficersOfficers of the Company, the Titling Company Administrator and the Titling Company Registrar (acting in their respective capacities as such) will have the authority to bind, or cause to be bound, bind the Company (on its own behalf or on behalf of or with respect to any Series) or any Series to any third party with respect to any matter.