Authorized LLC Official definition
Authorized LLC Official means a person specified by the Managing Member in a Certificate Specifying Authorized LLC Officials that has not been superseded by a replacement Certificate Specifying Authorized LLC Officials.
Examples of Authorized LLC Official in a sentence
In accordance with Section E below, when honoring any Request for Redemption, the payment obligations of the Secretary are discharged when (x) principal and interest amounts are credited to the account specified by the LLC (in the case of a Request for Redemption validly provided by an Authorized LLC Official) or (y) principal and interest amounts are credited to the account specified by the Secured Party (in the case of a Request for Redemption validly provided by an Authorized Secured Party Official).