Common use of Purpose; Powers Clause in Contracts

Purpose; Powers. The Company may carry on any lawful business, purpose or activity permitted by the Act. The Company may engage in any and all activities necessary, desirable or incidental to the accomplishment of the foregoing. Subject to the provisions of this Agreement and except as prohibited by the Act, (i) the Company may, with the approval of the Managing Member, enter into and perform any and all documents, agreements and instruments, all without any further act, vote or approval of any Member and (ii) the Managing Member may authorize any Person (including any Member or Officer) to enter into and perform any document on behalf of the Company.

Appears in 14 contracts

Samples: Limited Liability Company Agreement (Terraform Global, Inc.), Merger and Sponsorship Transaction Agreement (TerraForm Power, Inc.), Limited Liability Company Agreement (Terraform Global, Inc.)

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