Officers and Authorized Persons. (a) The Manager may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Manager. Any such officer or agent (an “Authorized Person”) may be removed by the decision of the Manager at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.2. Any number of offices may be held by the same individual.
Officers and Authorized Persons. (a) The Manager may, from time to time as it deems advisable, appoint officers or other agents of the Company (such officers and agents, the “Authorized Persons” and each of them, an “Authorized Person”) and assign in writing titles (including, without limitation, President, Vice President, Secretary, and Treasurer) to any such person; provided that an Authorized Person need not have a title. Unless the Manager decides otherwise, if the title is one commonly used for officers of a business corporation formed under the Hawaii Business Corporation Act, the assignment of such title shall constitute the delegation to such person of the authorities and duties that are normally associated with that office; provided, however, that no Authorized Person shall be permitted to take any action on behalf of the Company without the prior written consent of the Manager. Any delegation pursuant to this Section 4.7 may be revoked at any time by the Manager.
Officers and Authorized Persons. The Manager may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Manager. Any such officer or agent (an “Authorized Person”) may be removed by the decision of the Manager at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 5.3. Any number of offices may be held by the same individual. The Authorized Persons, to the extent of their powers set forth in this Agreement or otherwise vested in them by action of the Manager not inconsistent with this Agreement, are agents of the Company for the purpose of the Company’s business, and the actions of the Authorized Persons taken in accordance with such powers shall bind the Company. The initial officers of the Company shall be Xxxxx Xxxxxx and Xxxx Xxxxxx, each of whom may be referred to as “Managing Partners.” No Authorized Person shall receive any compensation or other remuneration for the performance of services as Authorized Person unless such compensation or other remuneration has been unanimously approved by the Class A and Class B Members in writing.
Officers and Authorized Persons. (a) The Board may designate one or more individuals as officers or agents of the Company (an “Authorized Person”), who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Board; provided that an Authorized Person may only take a Unanimous Action or Special Unanimous Action with the applicable approval in accordance with Section 4.1(c) and may only take an action which requires approval of one or more Members upon such approval. Any such Authorized Person may be removed by the decision of the Board at any time, with or without cause but without prejudice to such Authorized Person’s contractual rights (if any). Each officer shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.3. Any number of offices may be held by the same individual.
Officers and Authorized Persons. (a) Managing Member may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties (subject to the rights of the Members under Sections 4.1 and 4.3 above) as shall be assigned and delegated to them from time to time by Managing Member. Any such officer or agent (an “Authorized Person”) may be removed by the Managing Member at any time, with or without cause. Each Authorized Person shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.4. Any number of offices may be held by the same individual. Managing Member shall promptly notify Preferred Member upon the appointment and removal of any Authorized Person.
Officers and Authorized Persons. (a) The Required Members may, from time to time as they deem advisable, appoint officers or other agents of the Company (such officers and agents, the “Authorized Persons” and each of them, an “Authorized Person”) and assign in writing titles (including, without limitation, President, Vice President, Secretary, and Treasurer) to any such person; provided that an Authorized Person need not have a title. Unless the Required Members decide otherwise, if the title is one commonly used for officers of a business corporation formed under the Hawaii Business Corporation Act, the assignment of such title shall constitute the delegation to such person of the authorities and duties that are normally associated with that office; provided, however, that no Authorized Person shall be permitted to take any action on behalf of the Company without the prior written consent of the Required Members. Any delegation pursuant to this Section 4.7 may be revoked at any time by the Required Members.
Officers and Authorized Persons. Fund will furnish to Custodian from time to time, whenever any change occurs, a written officer's certificate setting forth the names and signatures of its officers and the names of its authorized persons. Custodian will compare these signatures with those on any written officer's certificate before acting upon the officer's certificate. An "authorized person" is a person duly appointed and authorized by a resolution of the Board of Managers of Fund to effect officer's certificates by transmitting electronic instructions through Custodian's Cash Connector System or by telephoning custodian with instructions. Fund will provide the authorization code of Custodian's Cash Connector System only to such authorized persons, and Custodian will not act upon an electronic instruction unless it has been transmitted using the proper authorization codes, e.g.: identification number(s) and passwords.
Officers and Authorized Persons. (a) The Board of Directors may designate one or more individuals as officers or agents of the Company, who may but need not have titles, and shall exercise and perform such powers and duties as shall be assigned and delegated to them from time to time by the Board of Directors. Any such officer or agent (an “Authorized Person”) may be removed by the decision of the Board of Directors at any time, with or without cause. Each officer shall hold office until his or her successor is elected and qualified, unless earlier removed in accordance with this Section 4.7. Any number of offices may be held by the same individual. The salaries and other compensation, if any, of the Authorized Persons shall be fixed by the Board of Directors in its sole discretion.
Officers and Authorized Persons. The Board of Managers may employ and retain persons as may be necessary or appropriate for the conduct of the Company’s business, including employees and agents who may be designated as (i) officers with titles, including, but not limited to, “chairman,” “chief executive officer,” “president,” “vice president,” “treasurer,” “secretary,” “managing director,” “chief financial officer,” “assistant treasurer” and “assistant secretary” (each an “Officer”) or (ii) authorized persons (“Authorized Persons”) as and to the extent authorized by the Board of Managers, which persons may, but are not required to, be Officers. Any two or more offices may be held by the same person.
Officers and Authorized Persons. 25 Section 4.4. Property Budgets 25 Section 4.5. Company Expenses 26 Section 4.6. Fees 26 Section 4.7. Management of Subsidiaries 27 Section 4.8. Indemnification 27 Section 4.9. Rights of Sale and First Offer 28 ARTICLE V Capital Contributions 30 Section 5.1. Initial Capital Contributions 30 Section 5.2. Subsequent Fundings 30 Section 5.3. Member Loans for Failure to Fund Capital Contributions 31 Section 5.4. Dilution for Failure to Fund Capital Contributions 32 Section 5.5. Priority and Return of Capital 32 Section 5.6. Withdrawal or Reduction of Capital Contributions 32 Section 5.7. Capital Accounts 32 Section 5.8. Transfers 33 Section 5.9. Deficit Capital Account 33 Section 5.10. Modifications 33 ARTICLE VI Allocations; Distributions 33
