Common use of Directors as Agents Clause in Contracts

Directors as Agents. To the extent of their powers provided in this Agreement, the Board Members are agents of the Council for the purpose of the Council’s business, and the actions of the Board Members taken in accordance with such powers shall bind the Council. No Board Member acting alone (in his or her capacity as a Board Member) may bind the Council notwithstanding the last sentence of Section 402 of the Act.

Directors as Agents. To the extent of their powers provided in this Agreement, the Board Members Directors of the Council are agents of the Council for the purpose of the Council’s business, and the actions of the Board Members Directors taken in accordance with such powers shall bind the Council. No Board Member acting alone (in his or her capacity as a Board Member) may bind the Council notwithstanding the last sentence of Section 402 of the Act.