Election of Officers; Delegation of Authority. The Member may, from time to time, designate one or more officers with such titles as may be designated by the Member to act in the name of the Company with such authority as may be delegated to such officers by the Member (each such designated person, an “Officer”). Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Member. Any action taken by an Officer designated by the Member pursuant to authority delegated to such Officer shall constitute the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her.
Election of Officers; Delegation of Authority. The Member may, from time to time, designate one or more officers with such titles as may be designated by the Member to act in the name of the Company with such authority as may be delegated to such officers by the Member (each such designated person, an "Officer"). Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Member. Any action, including any debt contracted or liability incurred by or on behalf of the Company, taken by an Officer designated by the Member pursuant to authority delegated to such Officer shall constitute the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any Officer as set forth in this Agreement and any instrument designating such Officer and the authority delegated to him or her.
Election of Officers; Delegation of Authority. 6.2 The Member hereby designates Xxxxx Xxxxx as the President and Xxxx Byskov as Vice President and Secretary of the Company. The Member may designate one or more additional officers with such titles as may be designated by the Member to act in the name of the Company with such authority as may be delegated to such officer(s) by the Member. Each officer shall act pursuant to its delegated authority until such officer is removed by the Member. Any action taken by an officer designated by the Member shall constitute the act of and serve to bind the Company.
Election of Officers; Delegation of Authority. The sole member hereby designates Xxxxx X. Xxxxx as the President of the Company and each of Xxxx X. Xxxxxxxxx and Xxxxxxx X. Xxxxx as Vice Presidents of the Company. The President shall execute all resolutions and authorizations, as well as bonds, mortgages and all other contracts of the Company, and shall perform all such other duties as are incident to his office. In case of the absence or disability of the President, his duties shall be performed by a Vice President. The sole member may designate one or more additional officers with such titles as may be designated by the sole member to act in the name of the Company with such authority as may be delegated to such officer(s) by the sole member. Each officer shall act pursuant to his delegated authority until such officer is removed by the sole member. Any action taken by an officer designated by the sole member shall constitute the act of and serve to bind the Company.
Election of Officers; Delegation of Authority. The General Partner may, from time to time, designate one or more officers with such titles as may be designated by the General Partner to act in the name of the Partnership with such authority as may be delegated to such officers by the General Partner. Any such officer shall act pursuant to such delegated authority until such officer is removed by the General Partner. Any action taken by an officer designated by the General Partner pursuant to authority delegated to such officer shall constitute the act of and serve to bind the Partnership. Persons dealing with the Partnership are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her. The individuals serving as officers of the Partnership immediately prior to the adoption of this Agreement shall continue to serve as such and with the same responsibilities until otherwise determined by the General Partner.
Election of Officers; Delegation of Authority. The Managing Member may, from time to time, designate one or more officers with such titles as may be designated by the Managing Member to act in the name of the Company with such authority as may be delegated to such officers by the Managing Member (each such designated person, an “Officer”). Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Managing Member. Any action taken by an Officer designated by the Managing Member pursuant to authority delegated to such Officer shall constitute the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any Officer set forth in this Agreement and any instrument designating such Officer and the authority delegated to him or her. The Managing Members may remove any Officer person at any time, without cause. The Managing Member hereby appoints the following named persons to be the initial Officers of the Company and to serve with the title indicated: NAME TITLE Xxxxx Xxxxx President and Chief Executive Officer Xxxxxx X. Xxxxxxxxx Chief Operating Officer Xxxxxxx Xxxxxxxx Treasurer and Chief Financial Officer Xxxxxx Xxxxxxxxxx Vice President Xxxxxx Xxxxxxxx Vice President Xxxxxx X. Xxxxxxx Vice President and Treasurer Xxxxxx X. Xxxxx Vice President Xxxxx X. Xxxxxxx Vice President Xxxx X. Xxxxxxxxxxx Vice President Xxxxxxx X. Xxxxxxxx Secretary Xxxxxx Xxxxxxx Assistant Secretary
Election of Officers; Delegation of Authority. The Manager may designate one or more officers with such titles as may be designated by the Manager to act in the name of the Company with such authority as may be delegated to such officer(s) by the Manager. Any such officer shall act pursuant to such delegated authority until such officer is removed by the Manager. Any action taken by an officer designated by the Manager shall constitute the act of and serve to bind the Company. In dealing with the officers acting on behalf of the Company, no Person shall be required to inquire into the authority of the officers to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her.
Election of Officers; Delegation of Authority i) The Member may, from time to time, designate one or more officers with such titles as may be designated by the Member to act in the name of the Company with such authority as may be delegated to such officers by the Member (each such designated person, an “Officer”). Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Member.
Election of Officers; Delegation of Authority. The Members may, from time to time, designate one or more officers with such titles as may be designated by the Members to act in the name of the Company with such authority as may be delegated to such officer(s) by the Members. Any such officer shall act pursuant to such delegated authority until such officer is removed by the Members. In dealing with the officers acting on behalf of the Company, no person or entity shall be required to inquire into the authority of the officers to bind the Company. Persons and entities dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her. The Members initially designate the officers set forth on Exhibit A attached hereto (the “Officers”). Each of the Officers shall be authorized and empowered, for and on behalf of the Company, to take or cause to be taken any and all such actions and to enter into, execute and deliver any and all such acknowledgments, agreements, certificates, contracts, instruments, notices, statements and other documents, or to effect any necessary filings with any and all appropriate regulatory authorities, state and federal, as may be required or as such Officer may deem necessary, advisable or appropriate to effectuate and carry out the transactions contemplated by, and the purposes and intent of, this Agreement. All such actions shall be performed in such manner and all such acknowledgments, agreements, certificates, contracts, instruments, notices, statements and documents shall be executed and delivered in such form as such Officer performing or executing the same shall approve. Such Officer’s performance or execution and delivery thereof shall be conclusive evidence of such approval and the approval of the Members.
Election of Officers; Delegation of Authority. The Member may, from time to time, designate one or more officers with such titles as may be designated by the Member to act in the name of the Company with such authority as may be delegated to such officers by the Member (each such designated person, an “Officer”). Any such Officer shall act pursuant to such delegated authority until such Officer is removed by the Member, resigns, becomes incapacitated, or dies; the Member may remove an Officer at any time and can, but need not, fill an officer role which becomes vacant. Any action taken by an Officer pursuant to authority delegated to such Officer shall constitute the act of and serve to bind the Company. Persons dealing with the Company are entitled to rely conclusively on the power and authority of any officer set forth in this Agreement and any instrument designating such officer and the authority delegated to him or her. The initial officers of the Company are set forth on Exhibit A. The Member may amend Exhibit A to reflect the appointment, removal, or replacement of a Member without such act constituting an amendment to this Agreement.
