Common use of Powers and Duties of the President Clause in Contracts

Powers and Duties of the President. If appointed by the Managers, the President shall have general charge of and direct the operations of the Limited Liability Company, subject to the control of the Managers, and shall keep the Managers fully informed and shall consult with them concerning the business of the Limited Liability Company. If appointed, the President shall have authority to sign, execute and acknowledge all contracts, checks, deeds, mortgages, bonds, leases or other obligations on behalf of the Limited Liability Company as the President may deem necessary or proper in the course of the Limited Liability Company’s regular business, or which shall be authorized by the Managers. The President may sign in the name of the Limited Liability Company reports and all other documents or instruments which are necessary or proper in the course of the Limited Liability Company’s business. The President shall perform all duties incident to the office, as herein defined, and all such other duties as from time to time may be assigned by the Managers. The limited liability company may appoint more than one person to serve as the President and, if more than one person is appointed to serve as President, each shall be denominated as a co-President and each shall have the powers and duties set forth above.

Powers and Duties of the President. If appointed by Subject to the Managerscontrol of the Board of Directors, the President shall have general charge of and direct the operations of the Limited Liability Company, subject to Corporation and shall be the control chief executive officer of the ManagersCorporation. The President shall, and when present, preside at all meetings of the shareholders. The President shall, when present, preside at all meetings of the Board of Directors. The President shall keep the Managers Board of Directors fully informed and shall freely consult with them concerning the business of the Limited Liability Companycorporation in his or her charge. If appointed, the The President shall have authority to sign, execute and acknowledge all contracts, checks, deeds, mortgages, bonds, leases or other obligations on behalf of the Limited Liability Company Corporation as the President may deem necessary or proper to be executed in the course of the Limited Liability CompanyCorporation’s regular business, or which shall be business as authorized by the ManagersBoard of Directors. The President may sign in the name of the Limited Liability Company Corporation reports and all other documents or instruments which are necessary or proper to be executed in the course of the Limited Liability CompanyCorporation’s business. The President together with the Secretary or Assistant Secretary, or Treasurer may sign all certificates for the shares of the capital stock of the Corporation. He or she shall perform all duties incident to the office, office of President as herein defined, and all such other duties as from time to time may be assigned by the Managers. The limited liability company may appoint more than one person to serve as the President and, if more than one person is appointed to serve as President, each shall be denominated as a co-President and each shall have the powers and duties set forth aboveBoard of Directors.