Authorization By Board Clause Samples
The 'Authorization By Board' clause establishes that certain actions or decisions require formal approval from a company's board of directors before they can be carried out. Typically, this clause applies to significant matters such as entering into major contracts, issuing shares, or making large financial commitments, ensuring that these actions are not taken unilaterally by management or individual officers. By requiring board authorization, the clause provides a system of checks and balances, helping to safeguard the company's interests and ensure that important decisions reflect the collective judgment of its governing body.
Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the State of Ohio, the Declaration of Trust and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Trustees, Officers, agents or holders of shares, personally, but bind only the Trust and then only to the extent of the assets of the Trust.
Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the State of Delaware, the Declaration of Trust and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Trustees, Officers, agents or holders of shares, personally, but bind only the Trust.
Authorization By Board. The obligations set forth in this Agreement as having been made by the Trust have been made by the Board of Trustees, acting as such Trustees for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the Commonwealth of Massachusetts, the Declaration of Trust and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Trustees, Officers, agents or holders of shares, personally, but bind only the Trust.
Authorization By Board. The obligations set forth in this Agreement as having been made by the Corporation have been made by the Board of Directors, acting as such Directors for and on behalf of the Corporation, pursuant to the authority vested in them under the laws of the State of Maryland, the Articles of Incorporation and the By-Laws of the Corporation. This Agreement has been executed by Officers of the Corporation as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the Corporation.
Authorization By Board. 29 Custodian's Consent to Use of Its Name......................................29
Authorization By Board. The obligations set forth in this ----------------------- Agreement as having been made by the Trust have been made by the Board of Directors, acting as such Directors for and on behalf of the Trust, pursuant to the authority vested in them under the laws of the State of Ohio, the Articles of Incorporation and the By-Laws of the Trust. This Agreement has been executed by Officers of the Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the Trust and then only to the extent of the assets of the Trust. XI.
Authorization By Board. The obligations set forth in this Agreement as having been made by the Fund have been made by the Board of Directors, acting as such Directors for and on behalf of the Fund, pursuant to the authority vested in them under the laws of the State of NJ, the Resolution of The Fund and the By-Laws of the Fund. This Agreement has been executed by Officers of the Fund as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the Fund and then only to the extent of the assets of the Fund.
Authorization By Board. The obligations set forth in this Agreement as having been made by the Company have been made by the Board of Directors, acting as such Directors for and on behalf of the Company, pursuant to the authority vested in them under the laws of the State of Ohio, the Articles of Incorporation and the By-Laws of the Company. This Agreement has been executed by Officers of the Company as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the Company and then only to the extent of the assets of the Company.
Authorization By Board. XI. D. Custodian's Consent to Use of Its Name. XI. E. Notices to Custodian. XI. F. Notices to Trust. XI. G. Amendments In Writing. XI. H. Successors and Assigns. XI. I. Governing Law. XI. J. Jurisdiction. XI. K. Counterparts. XI. L. Headings. APPENDIX A APPENDIX B APPENDIX C APPENDIX D APPENDIX E This agreement (the "Agreement") is entered into as of the ____ day of ____, 2004, by and between Variable Insurance Funds Trust, a Massachusetts business trust (the "Trust") and The Huntington National Bank, (the "Custodian"), a national banking association having its principal office at ▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇▇▇▇▇.
Authorization By Board. The obligations set forth in this Agreement as having been made by the Corporation/Trust have been made by the Board of Directors, acting as such Directors for and on behalf of the Corporation/Trust, pursuant to the authority vested in them under the laws of the State of Ohio, the Articles of InCorporation/Trust and the By-Laws of the Corporation/Trust. This Agreement has been executed by Officers of the Corporation/Trust as officers, and not individually, and the obligations contained herein are not binding upon any of the Directors, Officers, agents or holders of shares, personally, but bind only the Corporation/Trust and then only to the extent of the assets of the Corporation/Trust.