Common use of Powers of the Members Clause in Contracts

Powers of the Members. (a) The Company shall be managed by the Members in proportion to their Membership Percentages. Each Member shall have the power to do all things appropriate to the accomplishment of the purposes of the Company, including (but not limited to): (1) entering into any and all agreements and executing contracts, notes, mortgages and other writings; (2) paying all Company obligations including construction cost expenditures and property management fees; (3) purchasing and maintaining insurance on behalf of the Company and its Members and employees or agents against any liability or expense asserted against or incurred by the Company or such persons; (4) transacting the Company's business under an assumed name or name other than its name as set forth in the Articles and