Common use of Management Authorization Clause in Contracts

Management Authorization. Upon election by the Board, the officers of the Company are authorized to sign agreements and other documents on behalf of the Company, subject to and in accordance with the restrictions and limitations set forth in the Contract Review & Signature Policy applicable to the Company (the “Signature Policy”). The Board hereby delegates to the Company’s Managers, acting individually or together, the authority to determine the parameters of each officer’s signing authority, subject to and in accordance with the Signature Policy. Each officer’s signature authorization will remain in effect until modified, canceled or withdrawn by the Board, or until such individual’s earlier withdrawal of his affiliation with the Company.

Appears in 4 contracts

Samples: Operating Agreement (MGP Finance Co-Issuer, Inc.), Operating Agreement (MGP Finance Co-Issuer, Inc.), Operating Agreement (MGP Finance Co-Issuer, Inc.)

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