Common use of Reliance by Third Parties Clause in Contracts

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer in connection with any such dealing. In no event shall any Person dealing with the Manager or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 94 contracts

Samples: Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Groundfloor Loans 1, LLC), Operating Agreement (Arrived Debt Fund, LLC)

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Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager Managing Member and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager Managing Member or any officer Officer as if it were the Company’s or such Series sole party in interest, both legally and beneficially. Each Economic Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Manager Managing Member or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 38 contracts

Samples: Limited Liability Company Agreement (Neptune REM, LLC), Limited Liability Company Agreement (Casa Shares Assets, LLC), Limited Liability Company Agreement (Neptune REM, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager Board of Directors, the General Partner and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager Board of Directors, the General Partner or any officer such Officer as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors, the General Partner or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors, the General Partner or any of such Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors, the General Partner or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager Board of Directors, the General Partner, the Officers or any officer representatives of the General Partner authorized by the General Partner or its representatives the Board of Directors shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 37 contracts

Samples: Exchange Agreement (KNOT Offshore Partners LP), GasLog Partners LP, Agreement (Navios Maritime Containers L.P.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership; and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 23 contracts

Samples: Agreement (STAG Industrial, Inc.), Limited Partnership Agreement (Angel Oak Mortgage, Inc.), Pledge Agreement (NetSTREIT Corp.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager General Partner and any officer of the General Partner authorized by the Manager General Partner to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager General Partner or any such officer as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager General Partner or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of such officer or its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager General Partner or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 22 contracts

Samples: Signature (Opr, LLC), Signature (NGL Crude Terminals, LLC), Registration Rights Agreement (Plains All American Pipeline Lp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer of the Company authorized by the Manager Board to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such officer or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives officers shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 21 contracts

Samples: Limited Liability Company Agreement (GIC Private LTD), Limited Liability Company Agreement (Tallgrass Energy, LP), Limited Liability Company Agreement (Enagas U.S.A. LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 21 contracts

Samples: Limited Liability Company Agreement (Hartree Bulk Storage, LLC), Limited Liability Company Agreement (Sprague Resources LP), Limited Liability Company Agreement (Rattler Midstream Lp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying in good faith thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 20 contracts

Samples: Agreement (Lamar Media Corp/De), Agreement (Cole Real Estate Income Strategy (Daily Nav), Inc.), Paramount Group, Inc.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager Managing Member and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager Managing Member or any officer Officer as if it were the Company’s or such Series sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Manager Managing Member or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 17 contracts

Samples: Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Vestible Assets, LLC), Limited Liability Company Agreement (Investment.com Collection LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying in good faith thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 15 contracts

Samples: Arbor Realty Trust Inc, NorthStar Realty Europe Corp., Northstar Realty Finance Corp.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and Partnership, to enter into any authorized contracts on behalf of the CompanyPartnership and to take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership, and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 13 contracts

Samples: LaSalle Hotel Properties, Sl Green Realty Corp, Gramercy Capital Corp

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner, or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 11 contracts

Samples: Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.), Limited Partnership Agreement (Jones Lang LaSalle Income Property Trust, Inc.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by lawLaw, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of its officers Officer or their respective representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager Board of Directors or any officer Officer or its their respective representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer Officer or its their respective representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 11 contracts

Samples: Operating Agreement (Brookfield Oaktree Holdings, LLC), Operating Agreement (Oaktree Capital Group, LLC), Operating Agreement

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 11 contracts

Samples: Limited Liability Company Agreement (Fortis Minerals, LLC), Limited Liability Company Agreement (New Fortress Energy LLC), Limited Liability Company Agreement (New Fortress Energy LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager Board and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager Board or any officer Officer as if it were the Company’s or such Series’ sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Manager Board or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 10 contracts

Samples: Limited Liability Company Operating Agreement (Masterworks Vault 1, LLC), Limited Liability Company Operating Agreement (Masterworks Vault 3, LLC), Limited Liability Company Operating Agreement (Masterworks Vault 5, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member The Members hereby waiveswaive, to the fullest extent permitted by lawApplicable Law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives Officers shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Any Person dealing with the Company shall will be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall will be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing. In no event shall will any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives shall Managing Member will be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery effect of such certificate, document or instrument, this Agreement (or prior versions thereof) was in full force and effect, ; (b) the Person executing Managing Member was authorized and delivering empowered to execute and deliver such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Company; and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 10 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Clipper Realty Inc.), Limited Liability Company Agreement (Clipper Realty Inc.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member Shareholder hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed and delivered on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC), Limited Liability Company Agreement (Travelcenters of America LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager Managing Member, the relevant Managers and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager Managing Member, the relevant Managers or any officer Officer as if it were the Company’s or such Series sole party in interest, both legally and beneficially. Each Economic Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against to such Person to contest, negate or disaffirm any action of any of the Manager Managing Member, Managers or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Managing Member, any Manager or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Managing Member, any Manager or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Managing Member, any relevant Manager or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 10 contracts

Samples: Limited Liability Company Agreement (StartEngine Collectibles Fund I LLC), Limited Liability Company Agreement (StartEngine Collectibles Fund II LLC), Limited Liability Company Agreement (StartEngine Collectibles Fund I LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 9 contracts

Samples: Agreement (Aimco OP L.P.), Aimco Properties L.P., Aimco OP L.P.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to To the fullest extent permitted by law, each Member hereby waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 9 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement (Cheniere Energy Partners LP Holdings, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying in good faith thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 8 contracts

Samples: Arbor Realty Trust Inc, Northstar Realty, Affordable Residential Communities Inc

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 8 contracts

Samples: Colonial Realty Limited Partnership, Fourth (Gables Residential Trust), Fourth (Gables Realty Limited Partnership)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority authority, without the consent or approval of any other Member or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s sole party in interest, both legally and beneficially. Each Non-Managing Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 7 contracts

Samples: Guaranty Agreement (Healthpeak Properties, Inc.), Limited Liability Company Agreement (Hcp, Inc.), Limited Liability Company Agreement (Hcp, Inc.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority authority, without the consent or approval of any other Member, or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Company, and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (BrightSpire Capital, Inc.), Limited Liability Company Agreement (Colony NorthStar Credit Real Estate, Inc.), Limited Liability Company Agreement (NorthStar Real Estate Income II, Inc.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer of the Company authorized by the Manager Board to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member The Members hereby waiveswaive, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such officer or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives officers shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 7 contracts

Samples: Limited Liability Company Agreement (Delek Logistics Partners, LP), Limited Liability Company Agreement, Limited Liability Company Agreement

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Linn Energy, LLC), Limited Liability Company Agreement (Copano Energy, L.L.C.), Limited Liability Company Agreement (Linn Energy, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer Officer authorized by the Manager Managing Member to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any officer such Officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 6 contracts

Samples: Pacific Energy Partners Lp, Limited Liability Company Agreement (Markwest Energy Partners L P), Limited Liability Company Agreement (Natural Resource Partners Lp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority authority, without consent or approval of any other Member or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and Company, to enter into any authorized contracts on behalf of the Company and to take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it the Managing Member were the Company’s sole party in interest, both legally and beneficially. Each Non-Managing Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing, in each case except to the extent that such action imposes, or purports to impose, liability on the Non-Managing Member. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Company, and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Nexpoint Diversified Real Estate Trust), Operating Agreement (Broadstone Net Lease, Inc.), Operating Agreement (Broadstone Net Lease, Inc.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager or any officer Officer as if it were the Company’s or such Series sole party in interest, both legally and beneficially. Each Economic Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Manager or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 5 contracts

Samples: Series Limited Liability Company Agreement (Emporium Realty Fund I, LLC), Limited Liability Company Agreement (Every Assets I, LLC), Limited Liability Company Agreement (Every Assets I, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person (other than the General Partner and its Affiliates) dealing with the Company Partnership shall be entitled to assume that the Manager General Partner and any officer or representative of the General Partner authorized by the Manager General Partner to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager General Partner or any such officer or representative as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager General Partner or any such officer or representative in connection with any such dealing. In no event shall any Person (other than the General Partner and its Affiliates) dealing with the Manager General Partner or any of its officers such officer or representatives representative be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager General Partner or any such officer or its representativesrepresentative. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager General Partner or any such officer or its representatives representative shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 5 contracts

Samples: Mach Natural Resources Lp, Mach Natural Resources Lp, TXO Energy Partners, L.P.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that that: (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership; and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 5 contracts

Samples: Mission West Properties/New/, Mission West Properties Inc, Mission West Properties Inc

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Kimco Realty Corp), Excel Realty Trust Inc, Apartment Investment & Management Co

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing General Partner has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Assets and to enter into any authorized contracts on behalf of the CompanyPartnership, including contracts related to the incurrence or guarantee of indebtedness, and such Person shall be entitled to deal with the Manager or any officer Managing General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager Managing General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Managing General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer Managing General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 5 contracts

Samples: Limited Partnership Agreement (Brookfield Business Partners L.P.), Limited Partnership Agreement, Agreement (Brookfield Business Partners L.P.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer of the Company authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such officer or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives officers shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (8point3 Energy Partners LP), Limited Liability Company Agreement (8point3 Energy Partners LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Economic Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Managing Member or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, ; (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Company; and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Public Luxury Handbag Portfolio LLC), Limited Liability Company Agreement (Public Shrek Royalties LLC), Limited Liability Company Agreement (Public 1997 Michael Jordan PMG LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority authority, without the consent or approval of any other Member, or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to To the fullest extent permitted by law, each Member hereby waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Operating Agreement (Healthpeak Properties, Inc.), Limited Liability Company Agreement (Kimco Realty OP, LLC), Limited Liability Company Agreement (Kimco Realty Corp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Copano Energy, L.L.C.), Limited Liability Company Agreement (Copano Energy, L.L.C.), Copano Energy, L.L.C.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority authority, without the consent or approval of any other Member or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Non-Managing Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Health Care Property Investors Inc), Limited Liability Company Agreement (Health Care Property Investors Inc), Limited Liability Company Agreement (Health Care Property Investors Inc)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, subject to Section 7.3, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s sole party in interest, both legally and beneficially. Each Member (other than the Managing Member) hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Limited Liability Company Agreement (Brookfield DTLA Fund Office Trust Investor Inc.), Limited Liability Company Agreement (Brookfield DTLA Fund Office Trust Investor Inc.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (Enviva Partners, LP), Limited Liability Company Agreement (CrossAmerica Partners LP), Limited Liability Company Agreement (Inergy Midstream, L.P.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company has Managing Members have full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Assets and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Members, or any officer either of them, as if it they were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Members or any of its officers or their representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Members or any officer or its their representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Managing Members or any officer or its their representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company. Nothing herein is intended to afford either Managing Member greater power or authority than is otherwise granted under this Agreement, or to exculpate either Managing Member from any liability for acting beyond the scope of such Managing Member’s authority as set forth herein.

Appears in 4 contracts

Samples: Lease Agreement (Skechers Usa Inc), Development Management Agreement (Skechers Usa Inc), Development Management Agreement (Skechers Usa Inc)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell sell, or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate negate, or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document document, or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document document, or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document document, or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership; and (ciii) such certificate, document document, or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 4 contracts

Samples: Merger Agreement (Kramont Realty Trust), Kramont Realty Trust, Employment Agreement (Cv Reit Inc)

Reliance by Third Parties. Notwithstanding anything otherwise to the contrary in this Agreementherein, any Person dealing with the Company shall be entitled to assume that the Manager Manager, its representatives and any officer of the Company authorized by the Manager to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Manager, any such representative or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Manager, any such representative or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that that: (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Company; and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Operating Agreement, Limited Liability Company (Apollo Global Management LLC), Limited Liability Company Agreement (Apollo Global Management LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer of the General Partner authorized by the Manager Managing Member to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member Non-Managing Member, each other Person who acquires an interest in a Membership Interest and each other party who becomes bound by this Agreement hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (First Solar, Inc.), Limited Liability Company Agreement (Sunpower Corp), Limited Liability Company Agreement (8point3 Energy Partners LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member of the Members, each other Person who acquires an interest in a Share and each other Person who is bound by this Agreement hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of such Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer such Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC), Limited Liability Company Agreement (MGM Growth Properties LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member Shareholder hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed and delivered on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Travelcenters of America LLC), Travelcenters of America LLC, Travelcenters of America LLC

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer of the Managing Member authorized by the Manager Managing Member to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member Non-Managing Member, each other Person who acquires an interest in a Membership Interest and each other Person bound by this Agreement hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against to such Person Member to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Operating Agreement (EnLink Midstream, LLC), Operating Agreement (EnLink Midstream, LLC), Operating Agreement (New Public Rangers, L.L.C.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer of the Company as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer of the Company in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer of the Company or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC), Limited Liability Company Agreement (Fortress Transportation & Infrastructure Investors LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person (other than the Managing Member and its Affiliates) dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer of the General Partner authorized by the Manager Managing Member to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person (other than the Managing Member and its Affiliates) dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP), Limited Liability Company Agreement (Kimbell Royalty Partners, LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager Board of Directors, the General Partner and any officer authorized by the Manager Board of Directors or General Partner to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager Board of Directors, the General Partner or any such officer as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors, the General Partner or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors, the General Partner or any of its officers such officer or their representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors, the General Partner or any such officer or its their representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager Board of Directors, the General Partner or any officer their officers or its representatives shall be conclusive evidence in favor of any and every Person Person’s relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.Partnership and

Appears in 3 contracts

Samples: Management Services Agreement, Management Services Agreement, Management Services Agreement

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner, or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership, and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Guide Holdings Inc), Avenue N Holdings LLC, CareTrust REIT, Inc.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing General Partner has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Assets and to enter into any authorized contracts on behalf of the CompanyPartnership, including contracts related to the incurrence or guarantee of indebtedness, and such Person shall be entitled to deal with the Manager or any officer Managing General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager Managing General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Managing General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer Managing General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 3 contracts

Samples: Agreement (Brookfield Infrastructure Partners L.P.), Agreement (Brookfield Infrastructure Partners L.P.), Agreement (Brookfield Infrastructure Partners L.P.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document document, or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 3 contracts

Samples: Agreement and Plan of Merger (Alter Robert A), Agreement and Plan of Merger (Westbrook Real Estate Partners LLC), Sunstone Hotel Investors Inc

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager members of the Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Director or any officer such Officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Director or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of such Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer or its representativessuch Officer. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer or its representatives such Officer shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Company; and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Eott Energy LLC), Limited Liability Company Agreement (Eott Energy Finance Corp), Limited Liability Company Agreement (Eott Energy LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing General Partner has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Assets and to enter into any authorized contracts on behalf of the CompanyPartnership, including contracts related to the incurrence or guarantee of indebtedness, and such Person shall be entitled to deal with the Manager or any officer Managing General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member The Special General Partner and each Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager Managing General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Managing General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer Managing General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 3 contracts

Samples: Agreement (Brookfield Infrastructure Partners L.P.), Agreement (Brookfield Infrastructure Partners L.P.), bip.brookfield.com

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Oasis Midstream Partners LP), Contribution and Simplification Agreement (Oasis Midstream Partners LP), Contribution and Simplification Agreement (Oasis Petroleum Inc.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to To the fullest extent permitted by law, the Sole Member hereby waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement (Noble Midstream Partners LP), Limited Liability Company Agreement

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the any Company Group Member shall be entitled to assume that the Managing Member, the Asset Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company their respective officers has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Group Member and to enter into any authorized contracts on behalf of the CompanyCompany Group Member, and such Person shall be entitled to deal with the Managing Member, Asset Manager or any such officer as if it were the CompanyCompany Group Member’s sole party in interest, both legally and beneficially. Each Series Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Managing Member, Asset Manager or any such officer in connection with any such dealing. In no event shall any Person dealing with the Managing Member, Asset Manager or any of its officers or representatives such officer be obligated to ascertain that the terms of this Agreement or a Series Designation have been complied with or to inquire into the necessity or expedience of any act or action of the Managing Member, Asset Manager or any officer or its representativessuch officer. Each and every certificate, document or other instrument executed on behalf of the a Company Group Member by the Managing Member, Asset Manager or any officer or its representatives thereof shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Group Member, and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany Group Member.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (aShareX Fine Art, LLC), Limited Liability Company Agreement (aShareX Fine Art, LLC), Limited Liability Company Agreement (aShareX Fine Art, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer of the Managing Member authorized by the Manager Managing Member to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member Non-Managing Member, each other Person who acquires an interest in a Membership Interest and each other Person bound by this Agreement hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against to such Person Member to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document document, or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document document, or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document document, or instrument was duly authorized and empowered to do so for and on behalf of the Company Company, and (c) such certificate, document document, or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 3 contracts

Samples: Operating Agreement (EnLink Midstream, LLC), Operating Agreement (EnLink Midstream Partners, LP), Operating Agreement (EnLink Midstream, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager General Partner and any officer of the Partnership authorized by the Manager General Partner to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager General Partner or any such officer as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager General Partner or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager General Partner or any officer or its representativessuch officer. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager General Partner or any such officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 2 contracts

Samples: Agreement (Ferrellgas L P), Ferrellgas Finance Corp

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Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer Officer authorized by the Manager Managing Member to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Penn Virginia Resource Partners L P), Limited Liability Company Agreement (Penn Virginia Resource Partners L P)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer authorized by the Manager to act on behalf of and in the name of the Company or of the General Partner has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member Non-Managing Member, each other Person who acquires an interest in a Membership Interest and each other party who becomes bound by this Agreement hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Rattler Midstream Lp), Limited Liability Company Agreement (Viper Energy Partners LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer of the Manager authorized by the Manager to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any such officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager or any of such officer or its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Operating Agreement (U S Timberlands Co Lp), U S Timberlands Finance Corp

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by this Agreement, or by the Manager Board of Directors to act on behalf of and in the name of the Company Company, has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it the Board of Directors or the Officer were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such any Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of its officers or representatives Officer be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager Board of Directors or any officer or its representativesOfficer. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer or its representatives Officer shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Five Point Holdings, LLC), Limited Liability Company Agreement (Five Point Holdings, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Managers and any officer Officer authorized by the Manager Board of Managers to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Managers or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Managers or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Managers or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Managers or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Managers or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Operating Agreement, Operating Agreement (Constellation Energy Partners LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate engage or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that that: (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership; and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 2 contracts

Samples: Ventas, Inc., Limited Liability Company Agreement (Nationwide Health Properties Inc)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority authority, without the consent or approval of any other Member or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Bre Properties Inc /Md/), Limited Liability Company Agreement (Bre Properties Inc /Md/)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer of the Manager authorized by the Manager to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any such officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Company, and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon on the Company.

Appears in 2 contracts

Samples: Operating Agreement (U S Timberlands Co Lp), Operating Agreement (U S Timberlands Klamath Falls LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s 's or such Series' sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was and/or the Bylaws were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Etre Reit, LLC), Limited Liability Company Agreement (Etre Reit, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager General Partner and any officer of the Partnership authorized by the Manager General Partner to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager General Partner or any such officer as if it were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager General Partner or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager General Partner or any officer or its representativessuch officer. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager General Partner or any such officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 2 contracts

Samples: Ferrellgas L P, Ferrellgas Partners Finance Corp

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that that: (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership; and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 2 contracts

Samples: Mission West Properties Inc, Mission West Properties Inc

Reliance by Third Parties. Notwithstanding anything any other provision of this Agreement to the contrary in this Agreementcontrary, any third Person dealing with the Company shall be entitled to assume that rely exclusively on the Manager and any officer authorized by the Manager to act on behalf of and in the name representations of the Company has full Board (or any W Manager pursuant to Section 8.1(f)) as to its power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, arrangements and such Person shall be entitled to deal with the Manager Board (or any officer W Manager pursuant to Section 8.1(f)) as if it were the Company’s sole party in interestinterest therein, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board (or any W Manager pursuant to Section 8.1(f)) or any representative thereof with respect to any business or property of its officers or representatives the Company be obligated to ascertain that the terms of this Agreement have been complied with with, or be obligated to inquire into the necessity or expedience of any act or action of the Manager Board (or any officer W Manager pursuant to Section 8.1(f)) or its representatives. Each any representative thereof; and every certificate, document contract or other instrument document executed on behalf by the Board (or any W Manager pursuant to Section 8.1(f)) or any representative thereof with respect to any business or property of the Company by the Manager or any officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and and/or delivery of such certificate, document or instrument, thereof this Agreement was in full force and effect, ; (b) the Person executing and delivering such certificate, instrument or document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company; and (c) the Board (or any W Manager pursuant to Section 8.1(f)) or any representative thereof was duly authorized and empowered to execute and deliver any and every such instrument or document for and on behalf of the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Walgreen Co), Limited Liability Company Agreement (Walgreen Co)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF PBF LOGISTICS GP LLC Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (PBF Logistics LP), Limited Liability Company Agreement (PBF Logistics LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that that, except for the Manager and any officer authorized by actions identified in Section 7.3.E hereof, the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority authority, without the consent or approval of any other Member or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, effect (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Inland Real Estate Corp), Limited Liability Company Agreement (Inland Real Estate Corp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Board has full power and authority authority, without the consent or approval of any other Member, or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Board as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Board in connection with any such dealing. In no event shall any Person dealing with the Manager Board or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer Board or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by an Officer or other authorized person by or at the Manager or any officer or its representatives direction of the Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Mobile Infrastructure Corp), Limited Liability Company Agreement (Mobile Infrastructure Corp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager or any officer Officer as if it were the Company’s or such Series sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Manager or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Fundhomes I, LLC), Limited Liability Company Agreement (Fundhomes 1, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board and any officer Officer authorized by the Manager Board to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member of the Members, each other Person who acquires an interest in a Unit and each other Person who is bound by this Agreement hereby waives, to the fullest extent permitted by lawLaw, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board or any of such Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board or any officer such Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Grizzly Energy, LLC), Limited Liability Company Agreement (Grizzly Energy, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer expressly authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Och-Ziff Capital Management Group LLC), Limited Liability Company Agreement (Och-Ziff Capital Management Group LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Company Board and any officer Officer authorized by the Manager Company Board to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Company Board or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Company Board or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Company Board or any of such officer or its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Company Board or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Company Board or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (U.S. Shipping Partners L.P.), Limited Liability Company Agreement (U.S. Shipping Partners L.P.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that (i) the Manager General Partner and (ii) any officer or attorney-in-fact of the General Partner authorized by the Manager General Partner to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager General Partner or any such officer or attorney-in-fact as if it were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager General Partner or any such officer or attorney-in-fact in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers such officer or representatives attorney-in-fact be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager General Partner or any such officer or its representativesattorney-in-fact. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager General Partner or any such officer or its representatives attorney-in-fact shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 2 contracts

Samples: Tc Pipelines Lp, Tc Pipelines Lp

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by lawApplicable Law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives Officers shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (TXO Energy Partners, L.P.), Limited Liability Company Agreement (MorningStar Partners, L.P.)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer authorized by of the Manager Company or of the Managing Member purporting to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member hereby waives, to To the fullest extent permitted by law, the Company, each Non-Managing Member and each other Person who has acquired an interest in a Company Security hereby waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any officer or its representativessuch officer. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Managing Member or any such officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person Managing Member or any such officer executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Beneficient), Limited Liability Company Agreement (Beneficient)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF WESTERN REFINING LOGISTICS GP, LLC and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Western Refining Logistics, LP), Limited Liabilty Company Agreement (Western Refining Logistics, LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF BOARDWALK GP, LLC obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member Member, each other Person who acquires an interest in a Membership Interest and each other Person who becomes bound by this Agreement hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of such Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors, the Officers or any officer or its representatives of the Company authorized by the Board of Directors shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement, Limited Liability Company Agreement (Transocean Partners LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer of the Manager authorized by the Manager to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Non-Managing Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Operating Agreement (Niska Gas Storage Partners LLC), Operating Agreement (Niska Gas Storage Partners LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member The Members hereby waives, to the fullest extent permitted by law, waive any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Mach Natural Resources Lp), Limited Liability Company Agreement (Mach Natural Resources Lp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company or any Series shall be entitled to assume that the Manager Managing Member and any officer authorized by the Manager to act on behalf of and in the name Officer of the Company or any Series has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company or such Series and to enter into any authorized contracts on behalf of the CompanyCompany or such Series, and such Person shall be entitled to deal with the Manager Managing Member or any officer Officer as if it were the Company’s Companys or such Series sole party in interest, both legally and beneficially. Each Economic Member hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company or any Series by the Manager Managing Member or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was were in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company or any Series and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyCompany or the applicable Series.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (RSE Collection, LLC), Limited Liability Company Agreement (RSE Collection, LLC)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Board of Directors and any officer Officer authorized by the Manager Board of Directors to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Board of Directors or any officer Officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors or any officer Officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors or any of Officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors or any officer Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Board of Directors or any officer Officer or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.such

Appears in 1 contract

Samples: Copano Energy, L.L.C.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership and such Person shall be entitled to deal with the Manager or any officer General Partner as if it the General Partner were the Company’s Partnership's sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate engage or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that that: (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership; and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.executed

Appears in 1 contract

Samples: Property Management Agreement (Pacific Gulf Properties Inc)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer authorized by the Manager to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any such officer as if it were the Company’s sole party in interest, both legally and beneficially. Each Member Non-Managing Member, each other Person who acquires an interest in a Membership Interest and each other party who becomes bound by this Agreement hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Rattler Midstream Lp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager Managing Member and any officer Officer authorized by the Manager Managing Member to act on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager Managing Member or any officer such Officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Managing Member or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of such officer or its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Managing Member or any such officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.. ARTICLE VIII

Appears in 1 contract

Samples: Limited Liability Company Agreement (Pacific Energy Partners Lp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company has Managing Members have full power and authority authority, without the consent or approval of any other Member or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and take any and all actions on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Members as if it they were the Company’s 's sole party in interest, both legally and beneficially. Each Non-Managing Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Members in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Members or any of its officers or their representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager Managing Members or any officer or its their representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager Managing Members or any officer or its their representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 1 contract

Samples: Operating Agreement (Pan Pacific Retail Properties Inc)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member hereby waives, to To the fullest extent permitted by law, each Limited Partner hereby waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and Table of Contents every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 1 contract

Samples: Spirit Realty, L.P.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer Officer authorized by the Manager Board to act for and on behalf of and in the name of the Company has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer such Officer as if it were the Company’s 's sole party in interest, both legally and beneficially. Each The Sole Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer such Officer in connection with any such dealing. In no event shall any Person dealing with the Manager any such Officer or any of its officers or representatives be obligated to ascertain that the terms of this the Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer such Officer or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by any Officer authorized by the Manager or any officer or its representatives Board shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of and in the name of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.. FIRST AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF XXXXX LOGISTIC SERVICES, L.L.C. 14 <PAGE> ARTICLE VI OFFICERS Section 6.1

Appears in 1 contract

Samples: Limited Liability Company Agreement

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company General Partner has full power and authority authority, without the consent or approval of any other Partner, or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and take any and all actions on behalf of the Partnership, and such Person shall be entitled to deal with the Manager or any officer General Partner as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer General Partner in connection with any such dealing. In no event shall any Person dealing with the Manager General Partner or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience expediency of any act or action of the Manager or any officer General Partner or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager or any officer General Partner or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (cb) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 1 contract

Samples: NewLake Capital Partners, Inc.

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company LLC shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Member has full power and authority authority, without consent or approval of any other Member or Person, to encumber, sell or otherwise use in any manner any and all assets of the Company LLC and to enter into any authorized contracts on behalf of the CompanyLLC, and take any and all actions on behalf of the LLC and such Person shall be entitled to deal with the Manager or any officer Member as if it the Manager Member were the Company’s LLC's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Member in connection with any such dealing. In no event shall any Person dealing with the Manager Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company LLC by the Manager or any officer Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, ; (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company LLC; and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyLLC.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Kimco Realty Corp)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company Partnership shall be entitled to assume that the Manager Board of Directors, the General Partner and any officer authorized by the Manager Board of Directors or General Partner to act on behalf of and in the name of the Company Partnership has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company Partnership and to enter into any authorized contracts on behalf of the CompanyPartnership, and such Person shall be entitled to deal with the Manager Board of Directors, the General Partner or any such officer as if it were the CompanyPartnership’s sole party in interest, both legally and beneficially. Each Member Limited Partner hereby waives, to the fullest extent permitted by law, any and all defenses or other remedies that may be available against such Person to contest, negate or disaffirm any action of the Manager Board of Directors, the General Partner or any such officer in connection with any such dealing. In no event shall any Person dealing with the Manager Board of Directors, the General Partner or any of its officers such officer or their representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager Board of Directors, the General Partner or any such officer or its their representatives. Each and every certificate, document or other instrument executed on behalf of the Company Partnership by the Manager Exhibit 3.1 Board of Directors, the General Partner or any officer their officers or its representatives shall be conclusive evidence in favor of any and every Person Person’s relying thereon or claiming thereunder that (ai) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (bii) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company Partnership and (ciii) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the CompanyPartnership.

Appears in 1 contract

Samples: Management Services Agreement (NextEra Energy Partners, LP)

Reliance by Third Parties. Notwithstanding anything to the contrary in this Agreement, any Person dealing with the Company shall be entitled to assume that the Manager and any officer authorized by the Manager to act on behalf of and in the name of the Company Managing Member has full power and authority to encumber, sell or otherwise use in any manner any and all assets of the Company (including, without limitation, in connection with any pledge of Company assets to secure a loan or other financing to the Managing Member as provided by Section 7.1(a)(3)) and to enter into any authorized contracts on behalf of the Company, and such Person shall be entitled to deal with the Manager or any officer Managing Member as if it were the Company’s 's sole party in interest, both legally and beneficially. Each Member hereby waives, to the fullest extent permitted by law, waives any and all defenses or other remedies that which may be available against such Person to contest, negate or disaffirm any action of the Manager or any officer Managing Member in connection with any such dealing. In no event shall any Person dealing with the Manager Managing Member or any of its officers or representatives be obligated to ascertain that the terms of this Agreement have been complied with or to inquire into the necessity or expedience of any act or action of the Manager or any officer Managing Member or its representatives. Each and every certificate, document or other instrument executed on behalf of the Company by the Manager or any officer Managing Member or its representatives shall be conclusive evidence in favor of any and every Person relying thereon or claiming thereunder that (a) at the time of the execution and delivery of such certificate, document or instrument, this Agreement was in full force and effect, (b) the Person executing and delivering such certificate, document or instrument was duly authorized and empowered to do so for and on behalf of the Company and (c) such certificate, document or instrument was duly executed and delivered in accordance with the terms and provisions of this Agreement and is binding upon the Company.

Appears in 1 contract

Samples: Operating Agreement (Strategic Hotel Capital Inc)

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