Common use of Power to Bind Company Clause in Contracts

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers and Authorized Officers of the Company (acting in their capacities as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 12 contracts

Sources: Limited Liability Company Agreement (ACAR Leasing Ltd.), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-1), Limited Liability Company Agreement (GM Financial Automobile Leasing Trust 2022-2)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers and Authorized Officers of the Company (acting in their capacities as suchthose respective capacities) will have the authority to bind the Company to any third party with respect to on any matter.

Appears in 8 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (CAB East LLC)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise specifically provided in this Agreementherein, only the Managers and Authorized Officers authorized officers of the Company (acting in their capacities capacity as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 5 contracts

Sources: Operating Agreement (Claymore MACROshares Oil Up Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC), Operating Agreement (MACRO Securities Depositor, LLC)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this AgreementSection 2.07 or elsewhere herein, only the Managers and Authorized Officers of the Company (acting in their capacities as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Mercedes-Benz Auto Receivables Trust 2022-1), Limited Liability Company Agreement (Daimler Trucks Retail Receivables LLC), Limited Liability Company Agreement (Daimler Trust)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers and Authorized Officers authorized officers of the Company (acting in their capacities capacity as such) will shall have the authority to bind the Company to any third party with respect to any matter.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC), Limited Liability Company Agreement (Ford Credit Auto Receivables Two LLC)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise specifically provided in this Agreementherein, only the Managers and Authorized Officers authorized officers of the Company (acting in their capacities capacity as such) will have the authority to bind the Company Com­pany to any third party with respect to any matter.

Appears in 3 contracts

Sources: Operating Agreement (MacroShares Housing Depositor, LLC), Operating Agreement (MacroShares $100 Oil Up Trust), Operating Agreement (MacroShares $100 Oil Down Trust)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers and Authorized Officers officers of the Company (acting in their capacities capacity as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Ford Credit Floorplan LLC), Limited Liability Company Agreement (Ford Credit Floorplan Corp)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise specifically provided in this Agreementherein, only the Managers and Authorized Officers authorized officers of the Company (acting in their capacities capacity as such) will have the authority to bind the Company Com-pany to any third party with respect to any matter.

Appears in 2 contracts

Sources: Operating Agreement (Claymore MACROshares Oil Down Holding Trust), Operating Agreement (Claymore MACROshares Oil Up Holding Trust)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers and Authorized Officers authorized officers of the Company (acting in their capacities capacity as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 1 contract

Sources: Operating Agreement (MACRO Securities Depositor, LLC)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers and Authorized Officers of the Company (acting in their capacities capacity as such) will shall have the authority to bind the Company to any third party with respect to any matter.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Efcar, LLC)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers and Authorized Officers of the Company (acting in their respective capacities as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 1 contract

Sources: Limited Liability Company Agreement (CAB West LLC)

Power to Bind Company. Notwithstanding the last sentence of Section 18-402 of the Act, except as otherwise provided in this Agreement, only the Managers (other than the Independent Manager) and Authorized Officers officers of the Company (acting in their capacities capacity as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Triad Financial Special Purpose LLC)

Power to Bind Company. Notwithstanding the last sentence of Section 18-18- 402 of the Act, except as otherwise provided in this AgreementSection 2.07 or elsewhere herein, only the Managers and Authorized Officers of the Company (acting in their capacities as such) will have the authority to bind the Company to any third party with respect to any matter.

Appears in 1 contract

Sources: Limited Liability Company Agreement (California Republic Funding LLC)