Common use of Responsibility and Authority of the Board Clause in Contracts

Responsibility and Authority of the Board. Except as otherwise provided in this Agreement, the relative authority and functions of the Board, on the one hand, and the Officers, on the other hand, shall be identical to the relative authority and functions of the board of directors and officers, respectively, of a corporation organized under the General Corporation Law of the State of Delaware. The Officers shall be vested with such powers and duties as are set forth in Section 6.1.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Rose Rock Midstream, L.P.), Limited Liability Company Agreement (Rose Rock Midstream, L.P.), Limited Liability Company Agreement (Rentech Nitrogen Partners, L.P.)

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