Common use of Designation and Appointment Clause in Contracts

Designation and Appointment. The names of the persons initially designated as officers of the Company (the “Officers”) are set forth on Annex A. The Board may, from time to time, appoint such additional Officers as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the Board). Any number of offices may be held by the same person. Officers need not be residents of the State of Delaware. Any Officer so appointed shall have such authority and perform such duties as is customary for an officer of such type for a Delaware corporation or as the Board may, from time to time, delegate to such Officer. Notwithstanding anything to the contrary contained herein, the Officers shall have the power to do any and all acts necessary, convenient or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwise. The Officers are agents of the Company for the purpose of the Company’s business, and the actions of the Officers taken in accordance with such powers set forth in this Agreement shall bind the Company. The Board may assign titles to particular Officers. Each Officer shall hold office until his or her successor shall be duly appointed and shall have qualified as an Officer or until his or her death or until he or she shall resign or shall have been removed in the manner hereinafter provided. Officers of the Company shall not receive any salaries or other compensation directly from the Company unless the Board so determines.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Pearl Diver Credit Company, LLC), Limited Liability Company Agreement (Panagram Capital, LLC), Limited Liability Company Agreement (Panagram Capital, LLC)

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Designation and Appointment. The names of the persons initially designated as officers of the Company (the “Officers”) are set forth on Annex A. The Board may, from time to time, appoint such additional Officers employ and retain Persons as may be necessary or appropriate for the conduct of the Company’s 's business (subject to the supervision and control of the Company Board), including employees, agents and other Persons (any of whom may be a Member) who may be designated as Officers of the Company, with titles including but not limited to "chief executive officer," "chairman," "president," "vice president," "treasurer," "secretary," "general manager," "director," "chief financial officer" and "chief operating officer," as and to the extent authorized by the Company Board. Any number of offices may be held by the same person. The Company Board may, in its discretion, choose not to fill any office for any period as it may deem advisable. Officers need not be residents of the State of DelawareDelaware or Members, but Officers must at all times be citizens of the United States by birth, naturalization or as otherwise authorized by law. Any Officer Officers so appointed designated shall have such authority and perform such duties as is customary for an officer of such type for a Delaware corporation or as the Company Board may, from time to time, delegate to such Officer. Notwithstanding anything to the contrary contained herein, the Officers shall have the power to do any and all acts necessary, convenient or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwisethem. The Officers are agents of the Company for the purpose of the Company’s business, and the actions of the Officers taken in accordance with such powers set forth in this Agreement shall bind the Company. The Board may assign titles to particular Officers. Each Officer shall hold office until his or her successor shall be duly appointed designated and shall have qualified as an Officer qualify or until his or her death or until he or she shall resign or shall have been removed in the manner hereinafter provided. The salaries or other compensation, if any, of the Officers of the Company shall not receive any salaries or other compensation directly be fixed from time to time by the Company unless Board. The initial Officers of the Board so determines.Company shall be as follows: Name Title

Appears in 2 contracts

Samples: U.S. Shipping Partners L.P., U.S. Shipping Partners L.P.

Designation and Appointment. The names of the persons initially designated as initial officers of the Company (the “Officers”) are set forth on Annex A. of the Company shall be the Officers (if any) previously designated in accordance with the Limited Liability Company Operating Agreement of the Company dated as of September 28, 2018. The Board may, from time to time, appoint such additional Officers as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the Board). The Officers may be authorized by the Board to open bank accounts, pay the debts of the Company, enter into contracts, execute agreements and other documentation of the Company and perform such other actions as the Board may from time to time deem necessary or appropriate. Any number of offices may be held by the same personPerson. In the Board’s discretion, it may choose not to fill any office for any period as it may deem advisable. Officers need not be residents of the State of Delaware. Any Officer so appointed designated shall have such authority and perform such duties as is customary for an officer of such type for a Delaware corporation or as the Board may, from time to time, delegate to such Officer. Notwithstanding anything to the contrary contained herein, the Officers shall have the power to do any and all acts necessary, convenient or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwise. The Officers are agents of the Company for the purpose of the Company’s business, and the actions of the Officers taken in accordance with such powers set forth in this Agreement shall bind the Company. The Board may assign titles to particular Officers. Each Officer shall hold office until his or her successor shall be duly appointed designated and shall have qualified as an Officer or until his or her death or until he or she shall resign or shall have been removed in the manner hereinafter provided. Officers of the Company shall not receive any salaries or other compensation directly from the Company unless the Board so determinesCompany.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (EP Income Co LLC)

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Designation and Appointment. The names of the persons initially designated as officers of the Company (the “Officers”) are set forth on Annex A. The Board Managing Member may, from time to time, appoint such additional Officers employ and retain Persons as may be necessary or appropriate for the conduct of the Company’s business (subject to the supervision and control of the BoardManaging Member), including employees, agents and other Persons (any of whom may be a Member) who may be designated as Officers of the Company, with titles including “chairman,” “chief executive officer,” “president,” “vice president,” “treasurer,” “secretary,” “general manager,” “director,” “chief financial officer” and “chief operating officer,” to the extent authorized by the Managing Member. Any number of offices may be held by the same personPerson. In its sole discretion, the Managing Member may choose not to fill any office for any period as it may deem advisable. Officers need not be Members or residents of the State of Delaware. Any Officer Officers so appointed designated shall have such authority and shall perform such duties as is customary for an officer are typical of such type for a Delaware corporation or positions and as the Board may, may otherwise be delegated from time to time, delegate to such Officer. Notwithstanding anything to time by the contrary contained herein, the Officers shall have the power to do any and all acts necessary, convenient or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwiseManaging Member. The Officers are agents of the Company for the purpose of the Company’s business, and the actions of the Officers taken in accordance with such powers set forth in this Agreement shall bind the Company. The Board Managing Member may assign titles to particular Officers. Each Officer shall hold office until his or her successor shall be duly appointed designated and shall have qualified as an Officer qualify or until his or her death or until he or she shall resign or shall have been removed in the manner hereinafter provided. The salaries or other compensation, if any, of the Officers of the Company shall not receive any salaries or other compensation directly be fixed from time to time by the Company unless the Board so determinesManaging Member.

Appears in 1 contract

Samples: Joinder Agreement (Roman DBDR Tech Acquisition Corp.)

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