Common use of Appropriate Officers Clause in Contracts

Appropriate Officers. The day-to-day management and operation of the Fund and its business shall be the responsibility of the Appropriate Officers of the Fund, subject to the supervision and control of the Board of Directors. The Appropriate Officers shall, subject to the supervision and control of the Board of Directors, exercise all powers necessary and convenient for the purposes of carrying on the business of the Fund, on behalf and in the name of the Fund. Notwithstanding anything to the contrary contained herein, the acts of an Appropriate Officer in carrying on the business of the Fund as authorized herein shall bind the Fund. The Appropriate Officers of the Fund shall be chosen by the Board of Directors and shall include a President, a Secretary and a Treasurer. The Board of Directors may also choose a Chairman of the Board of Directors (who must be a Director) and the following additional Appropriate Officers: a Chief Executive Officer, a Chief Financial Officer, a Chief Operating Officer, and one or more Vice Presidents (and, in the case of each Vice President, with such descriptive title, if any, as the Board of Directors shall determine), Assistant Secretaries, Assistant Treasurers and other officers. Any number of offices may be held by the same person, unless otherwise prohibited by law. The officers of the Fund need not be Limited Partners of the Fund or, except in the case of the Chairman of the Board, Directors of the Fund.

Appropriate Officers. The day-to-day management and operation of the Fund Company and its business shall be the responsibility of the Appropriate Officers of the FundCompany, subject to the supervision and control of the Board of DirectorsManagers. The Appropriate Officers shall, subject to the supervision and control of the Board of DirectorsManagers, exercise all powers necessary and convenient for the purposes of carrying on the business of the FundCompany, on behalf and in the name of the FundCompany. Notwithstanding anything to the contrary contained herein, the acts of an Appropriate Officer in carrying on the business of the Fund Company as authorized herein shall bind the FundCompany. The Appropriate Officers of the Fund Company shall be chosen by the Board of Directors Managers and shall include a President, a Secretary and a Treasurer. The Board of Directors Managers may also choose a Chairman of the Board of Directors Managers (who must be a DirectorManager) and the following additional Appropriate Officers: a Chief Executive Officer, a Chief Financial Officer, a Chief Operating Officer, and one or more Vice Presidents (and, in the case of each Vice President, with such descriptive title, if any, as the Board of Directors Managers shall determine), Assistant Secretaries, Assistant Treasurers and other officers. Any number of offices may be held by the same person, unless otherwise prohibited by law. The officers of the Fund Company need not be Limited Partners Members of the Fund Company or, except in the case of the Chairman of the Board, Directors Managers of the FundCompany.

Appropriate Officers. The day-to-day management and operation of the Fund and its business shall be the responsibility of the Appropriate Officers of the Fund, subject to the supervision and control of the Board of DirectorsManagers. The Appropriate Officers shall, subject to the supervision and control of the Board of DirectorsManagers, exercise all powers necessary and convenient for the purposes of carrying on the business of the Fund, on behalf and in the name of the Fund. Notwithstanding anything to the contrary contained herein, the acts of an Appropriate Officer in carrying on the business of the Fund as authorized herein shall bind the Fund. The Appropriate Officers of the Fund shall be chosen by the Board of Directors Managers and shall include a President, a Secretary and a Treasurer. The Board of Directors Managers may also choose a Chairman of the Board of Directors Managers (who must be a DirectorManager) and the following additional Appropriate Officers: a Chief Executive Officer, a Chief Financial Officer, a Chief Operating Officer, and one or more Vice Presidents (and, in the case of each Vice President, with such descriptive title, if any, as the Board of Directors Managers shall determine), Assistant Secretaries, Assistant Treasurers and other officers. Any number of offices may be held by the same person, unless otherwise prohibited by law. The officers of the Fund need not be Limited Partners Members of the Fund or, except in the case of the Chairman of the Board, Directors Managers of the Fund.