Common use of Power to Bind Company Clause in Contracts

Power to Bind Company. No Manager (acting in his or her capacity as such) has any authority to bind the Company to any Person with respect to any matter except pursuant to a resolution duly adopted by the Board and expressly authorizing such action.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

AutoNDA by SimpleDocs

Power to Bind Company. No Manager or officer of the --------------------- Company (in either case, acting in his or her capacity as such) has shall have any authority to bind the Company to any Person with respect to any matter except pursuant to a resolution expressly authorizing such action (and authorizing such Manager to bind the Company with respect to such action) which resolution is duly adopted by the Board and expressly authorizing by the affirmative vote required for such actionmatter pursuant to this Agreement or the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Endo Pharma LLC)

Power to Bind Company. No Manager (acting in his or her capacity as such) has shall have any authority to bind the Company to any Person with respect to any matter except pursuant to a resolution expressly authorizing such action (and authorizing such Manager to bind the Company with respect to such action) which resolution is duly adopted by the Board and expressly authorizing by the affirmative vote required for such actionmatter pursuant to this Agreement or the Act.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Element K Corp)

AutoNDA by SimpleDocs

Power to Bind Company. No Manager (acting in his or her capacity as such) has shall have any authority to bind the Company to any Person with respect to any matter except pursuant to a resolution expressly authorizing such action which resolution is duly adopted by the Board and expressly authorizing such actionBoard.

Appears in 1 contract

Samples: Operating Agreement (Barton Protective Services LLC)

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