Reliance on Authority of Person Signing Agreement. Neither the Company nor any Member will be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (TNP Strategic Retail Trust, Inc.), Adoption Agreement (Huntsman Advanced Materials (UK) LTD)
Reliance on Authority of Person Signing Agreement. Neither the Company nor any Member will (a) be required to determine the authority of the individual signing this the Agreement to make any commitment or undertaking on behalf of such entity person or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing the Agreement on behalf of such entity.
Appears in 1 contract
Samples: Operating Agreement
Reliance on Authority of Person Signing Agreement. Neither If a Member is an Entity, neither the Company nor any Member will or Manager shall be required to to: (i) determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such entity Entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual; or (ii) see to the application of distributions paid or credited to such individual signing this Agreement on behalf of such Entity.
Appears in 1 contract
