Power to Bind. The Manager shall have the power to act for or bind the Fund, including without limitation to enter into promissory notes, loan agreements and other contracts and instruments on behalf of the Fund and in the Fund’s name. Persons dealing with the Fund are entitled to rely conclusively on the power and authority of the Manager as set forth in this Agreement. So long as there is a Manager, no Person other than the Manager or an officer of the Fund appointed by the Manager, shall have the authority to bind the Fund, unless specifically set forth in a written delegation signed by the Manager.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy W Fund LLC), Limited Liability Company Agreement (Ridgewood Energy a-1 Fund LLC), Limited Liability Company Agreement (Ridgewood Energy Y Fund LLC)
Power to Bind. The Manager shall have the power to act for or bind the Fund, including without limitation to enter into promissory notes, loan agreements and other contracts and instruments on behalf of the Fund and in the Fund’s name. Persons dealing with the Fund are entitled to rely conclusively on the power and authority of the Manager as set forth in this Agreement. So long as there is a Manager, no Person other than the Manager or an officer of the Fund appointed by the Manager, Manager shall have the authority to bind the Fund, unless specifically set forth in a written delegation signed by the Manager.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC), Limited Liability Company Agreement (Ridgewood Energy X Fund, LLC)
