Common use of Reliance on Authority of Person Signing Agreement Clause in Contracts

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entity.

Appears in 42 contracts

Samples: Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.), Operating Agreement (Environtech Inc.)

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Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 27 contracts

Samples: Operating Agreement (ALST Casino Holdco, LLC), Limited Liability Company Agreement (Provision Holding, Inc.), Operating Agreement (Chosen, LLC)

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 5 contracts

Samples: Operating Agreement (Hunt J B Transport Services Inc), Operating Agreement (Swift Transportation Co Inc), Operating Agreement (Werner Enterprises Inc)

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural person, neither the Company nor any Member will (a1) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person the entity or to determine any fact or circumstance bearing upon on the existence of the authority of such the individual, or (b2) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entitythe entity.

Appears in 5 contracts

Samples: Operating Agreement (Dover Investments Corp), Operating Agreement (Dover Investments Corp), Revised And (Dover Investments Corp)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural personPerson, neither the Company nor any Member will shall (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Brookfield Asset Management Inc.), Limited Liability Company Agreement (Brookfield Retail Holdings LLC), Limited Liability Company Agreement (Brookfield Asset Management Inc.)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any other Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity. [Signature pages follow.]

Appears in 4 contracts

Samples: Limited Liability Company Agreement (MBOW Four Star, L.L.C.), Limited Liability Company Agreement (EP Energy Corp), Limited Liability Company Agreement (EP Energy Corp)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any other Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (MBOW Four Star, L.L.C.), Limited Liability Company Agreement (EP Energy Corp), Limited Liability Company Agreement (EP Energy Corp)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 3 contracts

Samples: Limited Liability Company Agreement, Operating Agreement (Panera Bread Co), Operating Agreement (Panera Bread Co)

Reliance on Authority of Person Signing Agreement. In the event that a Member is Members not a natural person, neither the Company nor any Member will (a1) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person the entity or to determine any fact or circumstance bearing upon on the existence of the authority of such the individual, or (b2) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entitythe entity.

Appears in 2 contracts

Samples: Operating Agreement (Dover Investments Corp), Dover Investments Corp

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entity.

Appears in 2 contracts

Samples: Operating Agreement (Pinnacle Entertainment Inc), Kaiser Ventures Inc

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact act or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 2 contracts

Samples: Operating Agreement (Castle Arch Real Estate Investment Company, LLC), Amended Operating Agreement (Castle Arch Real Estate Investment Company, LLC)

Reliance on Authority of Person Signing Agreement. In the event that If a ------------------------------------------------- Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 2 contracts

Samples: Operating Agreement (Zhone Technologies Inc), Operating Agreement (Zhone Technologies Inc)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 2 contracts

Samples: Operating Agreement (Ethos Environmental, Inc.), Operating Agreement (Ethos Environmental, Inc.)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company IMMERSION nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Operating Agreement (Immersion Corp)

Reliance on Authority of Person Signing Agreement. In the event that a Member is is, not a natural person, neither the Company nor any Member will (a1) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person the entity or to determine any fact or circumstance bearing upon on the existence of the authority of such the individual, or (b2) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entitythe entity.

Appears in 1 contract

Samples: Operating Agreement (Dover Investments Corp)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company LLC nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Limited Liability Company Agreement

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Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any Member will (ai) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (bii) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Borqs Technologies, Inc.)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) 12515078.6 be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Golden Pacific Homes, LLC)

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person person or to determine any fact or circumstance bearing upon the existence of the authority of such individual, or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Loan and Stock Purchase Agreement (Signature Leisure Inc)

Reliance on Authority of Person Signing Agreement. In the event that If a Member ------------------------------------------------- is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Entravision Communications Corp)

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural personPerson, neither the Company nor any Member will (a) be required to determine the authority of the individual Person signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, Person or (b) be required to see to the application or distribution of proceeds paid or credited to individuals persons signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Phone1globalwide Inc)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) 13090976.1 be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Golden Pacific Homes, LLC)

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural person, neither the Company nor any Member will (a1) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person the Entity or to determine any fact or circumstance bearing upon on the existence of the authority of such the individual, or (b2) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such the Entity.

Appears in 1 contract

Samples: Operating Agreement (Dover Investments Corp)

Reliance on Authority of Person Signing Agreement. In the event that a Member is not a natural person, neither the Company nor any Member will shall (a) be required to determine the authority of the individual signing this Operating Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Operating Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Operating Agreement (Advisors Disciplined Trust 73)

Reliance on Authority of Person Signing Agreement. In the event that ------------------------------------------------- a Member is not a natural person, neither the Company nor any Member will (a) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person Entity or to determine any fact or circumstance circumstances bearing upon the existence of the authority of such individual, individual or (b) be required to see to the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entity.

Appears in 1 contract

Samples: Operating Agreement (National Earth Products Inc)

Reliance on Authority of Person Signing Agreement. In the event that If a Member is not a natural personPerson, neither the Company nor any Member will (ai) be required to determine the authority of the individual signing this Agreement to make any commitment or undertaking on behalf of such Person entity or to determine any fact or circumstance bearing upon the existence of the authority of such individual, individual or (bii) be required to see to responsible for the application or distribution of proceeds paid or credited to individuals signing this Agreement on behalf of such Entityentity.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Mr. Mango LLC)

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