Common use of Authorized Officers Clause in Contracts

Authorized Officers. The Board of Managers may appoint authorized officers of the Company (“Authorized Officers”) who may, on behalf of the Company, execute agreements to which the Company is a party and any document or certificate to be delivered for them or under them. Any Authorized Officer will have the right and authority to perform duties the Board of Managers delegates to them. Each Authorized Officer will hold office for the term for which the Authorized Officer is appointed and until a successor is appointed and qualified or until the Authorized Officer’s death, resignation or removal. A Person may hold multiple offices. No Authorized Officer need be a Manager, the Member, a Delaware resident, or a United States citizen. The compensation, if any, of the Authorized Officers of the Company will be determined by the Board of Managers.

Authorized Officers. The Board of Managers may appoint authorized officers of the Company (“Authorized Officers”) who may, on behalf of the Company, execute agreements to which the Company is a party and any document or certificate to be delivered for them or under them. Any Authorized Officer will have the right and authority to perform duties the Board of Managers delegates to them. Each Authorized Officer will hold office for the term for which the Authorized Officer is appointed and until a successor is appointed and qualified or until the Authorized Officer’s death, resignation or removal. A Person may hold multiple offices. No Authorized Officer need be a Manager, the Member, a Delaware resident, or a United States citizen. The compensation, if any, of the Authorized Officers of the Company will be determined by the Board of Managers.