Common use of Powers of the Members Clause in Contracts

Powers of the Members. (a) The Company shall be managed by its Members. Subject to the other provisions of this Article and Article Six, each Member shall have the authority, on behalf of the Company, to do all things appropriate for the accomplishment of the purposes of the Company, including, (i) taking the actions described in Section 3.01; (ii) disbursing Company funds for Company purposes; (iii) investing and reinvesting Company funds; (iv) executing contracts, notes, mortgages and other agreements and instruments; (v) employing attorneys, accountants, Managers or other agents, which may include Affiliates of the Company; (vi) paying all Company obligations; (vii) performing all ministerial acts and duties relating to the payment of all indebtedness, taxes and assessments due or to become due with regard to any property of the Company; (viii) purchasing and maintaining insurance on behalf of the Company against any liability or expense asserted against or incurred by or on behalf of the Company; (ix) transacting the Company's business under an assumed name or name other than its name as set forth in the Certificate; (x) appointing any Member or other person as agent for service of process on the Company as required by the law of any jurisdiction in which the Company transacts business; (xi) commencing, prosecuting or defending any proceeding in the Company's name; and (xii) doing such other acts as may facilitate the Company's exercise of its powers; provided, however, that all such acts shall fall within the purposes of the Company as set forth in Section 3.01.

Powers of the Members. (a) The Company shall be managed by its Members. Subject to the other provisions of this Article and Article Six, each Member shall have the authority, on behalf of the Company, to do all things necessary or appropriate for the accomplishment of the purposes of the Company, including, but not limited to, (i) taking the actions described in Section 3.01acquiring and selling, assigning and transferring installment obligations, leases, retail installment sale or conditional sale contracts, inventory loans, motor vehicle wholesale inventory sales contracts, dealer rental car loans or sales contracts, promissory notes, security agreements and receivables; (ii) disbursing Company funds for Company purposes; (iii) investing and reinvesting Company funds; (iv) executing contracts, notes, mortgages and other agreements and instruments; (v) employing attorneys, accountants, Managers or other agents, which may include Affiliates of the Company; (vi) paying all Company obligations; (vii) performing all ministerial acts and duties relating to the payment of all indebtedness, taxes and assessments due or to become due with regard to any property of the Company; (viii) purchasing and maintaining insurance on behalf of the Company against any liability or expense asserted against or incurred by or on behalf of the Company; (ix) transacting the Company's business under an assumed name or name other than its name as set forth in the Certificate; (x) appointing any Member or other person as agent for service of process on the Company as required by the law of any jurisdiction in which the Company transacts business; (xi) commencing, prosecuting or defending any proceeding in the Company's name; and (xii) doing such other acts as may facilitate the Company's exercise of its powers; provided, however, that all such acts shall fall within the purposes of the Company as set forth in Section 3.01.

Powers of the Members. (a) The Company shall be managed by its Members. Subject to the other provisions of this Article and Article Six, each Member shall have the authority, on behalf of the Company, to do all things appropriate for the accomplishment of the purposes of the Company, including, but not limited to, (i) taking the actions described in Section 3.01acquiring and selling, assigning and transferring installment obligations, leases, retail installment sale or conditional sale contracts, inventory loans, motor vehicle wholesale inventory sales contracts, dealer rental car loans or sales contracts, promissory notes, security agreements and receivables; (ii) disbursing Company funds for Company purposes; (iii) investing and reinvesting Company funds; (iv) executing contracts, notes, mortgages and other agreements and instruments; (v) employing attorneys, accountants, Managers or other agents, which may include Affiliates of the Company; (vi) paying all Company obligations; (vii) performing all ministerial acts and duties relating to the payment of all indebtedness, taxes and assessments due or to become due with regard to any property of the Company; (viii) purchasing and maintaining insurance on behalf of the Company against any liability or expense asserted against or incurred by or on behalf of the Company; (ix) transacting the Company's business under an assumed name or name other than its name as set forth in the Certificate; (x) appointing any Member or other person as agent for service of process on the Company as required by the law of any jurisdiction in which the Company transacts business; (xi) commencing, prosecuting or defending any proceeding in the Company's name; and (xii) doing such other acts as may facilitate the Company's exercise of its powers; provided, however, that all such acts shall fall within the purposes of the Company as set forth in Section 3.01.