Common use of The Vice Presidents Clause in Contracts

The Vice Presidents. If appointed, in the absence of the President or in the event of the President’s death, inability or refusal to act, the Vice-President, or in the event there be more than one Vice-President, the Vice-Presidents in the order designated at the time of their election, or in the absence of any designation, then in the order of their appointment, shall perform the duties of the President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President. If there is no Vice-President, then any member of the Board of Managers shall perform such duties of the President. Any Vice-President may sign, with the Secretary or an Assistant Secretary, certificates for shares of the Company the issuance of which have been authorized by resolution of the Board of Managers; and shall perform such other duties as from time to time may be assigned to the Vice-President by the President or by the Board of Managers.

Appears in 13 contracts

Samples: Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement (South Dakota Soybean Processors LLC), Operating Agreement (South Dakota Soybean Processors LLC)

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The Vice Presidents. If appointed, in the absence of the President Chief Executive Officer or in the event of the PresidentChief Executive Officer’s death, inability or refusal to act, the Vice-President, or in the event there be more than one Vice-President, the Vice-Presidents in the order designated at the time of their election, or in the absence of any designation, then in the order of their appointment, shall perform the duties of the PresidentChief Executive Officer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the PresidentChief Executive Officer. If there is no Vice-President, then any member of the Board of Managers shall perform such duties of the PresidentChief Executive Officer. Any Vice-President may sign, with the Secretary or an Assistant Secretary, certificates for shares of the Company the issuance of which have been authorized by resolution of the Board of Managers; and shall perform such other duties as from time to time may be assigned to the Vice-President by the President Chief Executive Officer or by the Board of Managers.

Appears in 7 contracts

Samples: Operating Agreement, Operating Agreement (Northern Growers LLC), Operating Agreement (Northern Growers LLC)

The Vice Presidents. If appointed, in the absence of the President or in the event of the President’s death, inability or refusal to act, the Vice-President, or in the event there be more than one Vice-President, the Vice-Vice- Presidents in the order designated at the time of their election, or in the absence of any designation, then in the order of their appointment, shall perform the duties of the President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President. If there is no Vice-President, then any member of the Board of Managers shall perform such duties of the President. Any Vice-President may sign, with the Secretary or an Assistant Secretary, certificates for shares of the Company the issuance of which have been authorized by resolution of the Board of Managers; and shall perform such other duties as from time to time may be assigned to the Vice-President by the President or by the Board of Managers.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

The Vice Presidents. If appointed, in the absence of the President Chief Executive Officer or in the event of the PresidentChief Executive Officer’s death, inability or refusal to act, the Vice-President, or in the event there be more than one Vice-President, the Vice-Vice- Presidents in the order designated at the time of their election, or in the absence of any designation, then in the order of their appointment, shall perform the duties of the PresidentChief Executive Officer, and when so acting, shall have all the powers of and be subject to all the restrictions upon the PresidentChief Executive Officer. If there is no Vice-President, then any member of the Board of Managers shall perform such duties of the PresidentChief Executive Officer. Any Vice-President may sign, with the Secretary or an Assistant Secretary, certificates for shares of the Company the issuance of which have been authorized by resolution of the Board of Managers; and shall perform such other duties as from time to time may be assigned to the Vice-President by the President Chief Executive Officer or by the Board of Managers.

Appears in 1 contract

Samples: Operating Agreement (Lake Area Corn Processors LLC)

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The Vice Presidents. If appointed, in the absence of the President or in the event of the President’s his death, inability or refusal to act, the Vice-President, President (or in the event there be more than one Vice-President, the Vice-Presidents in the order designated at the time of their election, or in the absence of any designation, then in the order of their appointment, ) shall perform the duties of the President, and when so acting, shall have all the powers of and be subject to all the restrictions upon the President. (If there is no Vice-President, then any member of the Board of Managers Treasurer shall perform such duties of the President. .) Any Vice-President may sign, with the Secretary or an Assistant Secretary, certificates for shares of the Company Corporation the issuance of which have been authorized by resolution of the Board of ManagersDirectors; and shall perform such other duties as from time to time may be assigned to the Vice-President him by the President or by the Board of ManagersDirectors.

Appears in 1 contract

Samples: Annual Report

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