Duties and Authority of Officers Sample Clauses

Duties and Authority of Officers. 15 5.8.4 Bonds of Officers, Employees and Agents 16 5.9 Governmental Immunity 16 5.10 Execution of Contracts 17 5.11 Assets Held In Trust 17 6.1 Executive Director 17 6.2 Service Agreements with Service Users 17 6.3 Public Records 17

Duties and Authority of Officers. The duties and authorities of the Officers and the Senior Manager are as set forth in Section 9.2(a) and Schedule 8.2. For the avoidance of doubt, the Officers and the Senior Manager are officers of the Company and owe fiduciary duties to the Company (i.e., such officers shall perform their duties in a manner reasonably believed to be in the best interests of the Company as opposed to the best interests of any Member). The Governance Board may modify such duties and authorities from time to time.

Duties and Authority of Officers. Except as modified by the Governance Board, the duties and authorities of the Officers are as set forth in Schedule 8.2.

Duties and Authority of Officers. (a) Chief Executive Officer. The initial Chief Executive Officer of the Company shall be ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇. The Chief Executive Officer shall supervise the daily operations of the business of the Company, and shall report to the Board of Managers. Subject to the provisions of this Agreement and to the direction of the Board of Managers, he or she shall perform all duties which are commonly incident to the office of chief executive officer of a corporation organized under the Laws of the State of Delaware or which are delegated to him or her by the Board of Managers. To the fullest extent permitted by Law, he or she shall have power to sign all contracts and other instruments of the Company which are authorized, to make the expenditures provided for in the Budget and shall have general supervision and direction of all of the other officers, employees and agents of the Company. Without limiting the generality of the foregoing, the Chief Executive Officer shall have, subject to the limitations set forth in this Agreement or the LLCA the following powers that may, subject to any limitations set forth in this Agreement or the LLCA, be delegated by the Chief Executive Officer to the other officers of the Company: (i) to approve and pay expenditures by the Company not provided for in the Budget in amounts up to $100,000 individually, and $1,000,000 in the aggregate during any Fiscal Year; (ii) to approve the issuance or incurrence of Debt by the Company consistent with the Budget; (iii) to pay all authorized amounts due and payable by the Company to any Person as authorized in a business plan or in a budget approved by the Members or the Board of Managers; (iv) to pay any and all fees and to make any and all expenditures, not in excess of limitations provided in this Agreement or established from time to time by the Board of Managers, which are necessary or appropriate in connection with the organization of the Company, the conduct of the Company's business, and the carrying out of its obligations and responsibilities under this Agreement; (v) to open and close bank accounts and safekeeping facilities, and open letters of credit and designate all attendant deposit and withdrawal procedures on behalf of the Company; (vi) to the extent that funds of the Company are not immediately required for the conduct of the Company's business, temporarily to deposit the excess funds in a bank account or accounts, or invest such funds, subject to investment guidelines determined ...

Duties and Authority of Officers