Common use of Manager as Agent Clause in Contracts

Manager as Agent. Notwithstanding the power and authority of the Managers to manage the business and affairs of the Company, no Manager shall have authority to act as agent for the Company for the purposes of its business (including the execution of any instrument on behalf of the Company) unless the Managers have authorized the Manager to take such action.

Appears in 3 contracts

Sources: Operating Agreement (Buffalo Ridge Energy, LLC), Company Agreement (Liberty Renewable Fuels LLC), Company Agreement (Liberty Renewable Fuels LLC)