Delegation of Authority and Duties. 1. The Managing Member shall have the authority and duties in the management of the Company as are normally associated with the chief executive officer of an entity. The Managing Member shall have the power to act, in the name and on behalf of the Company, to do all things reasonably necessary for the performance of the Company’s day-to-day operations.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Broadview Networks Holdings Inc), Limited Liability Company Agreement (Broadview Networks Holdings Inc), Limited Liability Company Agreement (Broadview Networks Holdings Inc)
Delegation of Authority and Duties. 1. The Managing Member shall have the authority and duties in the management of the Company as are normally associated with the chief executive officer of an entity. (i) The Managing Member shall have the power to act, in the name and on behalf of the Company, to do all things reasonably necessary for the performance of the Company’s 's day-to-day operations.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Ambase Corp), Limited Liability Company Agreement (Ambase Corp)
Delegation of Authority and Duties. 1. (a) The Managing Member shall have the authority and duties in the management of the Company as are normally associated with the chief executive officer of an entity. The Managing Member shall have the power to act, in the name and on behalf of the Company, to do all things reasonably necessary for the performance of the Company’s day-to-day operations. The Managing Member confirms that Xxxxxx X. Xxxxx is an “authorized person” within the meaning of Section 18-201 of the Act.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Cole Kenneth Productions Inc)
