Common use of Authority to Bind the Company Clause in Contracts

Authority to Bind the Company. Unless authorized to do so by this Agreement or by the chief executive officer, no Member, agent, or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable for any purpose. The chief executive officer may act, however, by a duly authorized attorney-in-fact.

Appears in 3 contracts

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

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Authority to Bind the Company. Unless authorized to do so by this Agreement or by the chief executive officerManagers, no Memberattorney-in-fact, agent, employee or employee other agent of the Company shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable pecuniary for any purpose. The chief executive officer may act, however, No Member shall have any power or authority to bind the Company unless the Member has been authorized by a duly authorized attorney-in-factthe Managers to act as an agent of the Company.

Appears in 2 contracts

Samples: Company Agreement (Mortgage Assistance Center Corp), Company Agreement (Mortgage Assistance Center Corp)

Authority to Bind the Company. Unless authorized to do so Except as otherwise provided by this Agreement or by Majority Approval of the chief executive officerMembers, no Memberattorney-in-fact, agent, employee or employee other agent of the Company shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable pecuniarily for any purpose. The chief executive officer may act, however, No Member shall have any power or authority to bind the Company unless the Member has been authorized by a duly authorized attorney-in-factMajority Approval of the Members to act as agent of the Company in accordance with the previous sentence.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement

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Authority to Bind the Company. Unless authorized in writing to do so by this Agreement or by the chief executive officerManager, no Member, agent, Member or employee agent of the Company shall Company, other than the Manager, will have any power or authority to bind the Company in any way, to pledge its credit credit, or to render it liable for any purpose. The chief executive officer However, the Manager may act, however, act by or through a duly authorized attorney-in-fact.

Appears in 1 contract

Samples: Operating Agreement

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