Common use of Bound by Agreement Clause in Contracts

Bound by Agreement. Every person acting as an Alternate Director shall be subject in all respects to the provisions of this Agreement relating to designated Director Representatives, including Section 12.6 (Exculpation and Duties and Liabilities of Directors and Other Authorized Persons). The signature of an Alternate Director to any written consent of the Board of Directors pursuant to Section 6.5 of this Agreement, unless the terms of the Alternate Director’s appointment provides to the contrary, shall be as effective as the signature of the designated Representative to whom he or she is alternate.

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement