Actions by Managers Sample Clauses
The "Actions by Managers" clause defines the authority and procedures by which managers of an entity may make decisions or take actions on behalf of the organization. Typically, this clause outlines the scope of powers granted to managers, such as entering into contracts, managing day-to-day operations, or making financial decisions, and may specify whether such actions require unanimous or majority consent among managers. By clearly delineating managerial powers and decision-making processes, this clause helps prevent disputes and ensures efficient governance within the organization.
Actions by Managers. In managing the business and affairs of the Company and exercising its powers, the Managers shall act collectively through meetings and written consents pursuant to Sections 5.5 and 5.7.
Actions by Managers. If there is more than one manager serving, all decisions requiring action of the managers or relating to the business or affairs of the company will be decided by the affirmative vote or consent of a majority of the managers. Managers may act with or without a meeting, and any member may participate in any meeting by written proxy or by any means of communication reasonable under the circumstances.
Actions by Managers. (a) Whenever in this Agreement a reference is made to the Managers, such reference shall include a sole Manager, who shall have all the authority of the Managers set forth herein. Any Manager may be a natural or juridical Person.
(b) In managing the business and affairs of the Company and exercising its powers, the Managers (if there be more than one) shall act collectively through meetings and written consents pursuant to Sections 5.5 and 5.7.
(c) Any Person dealing with the Company, other than a Member, may rely on the authority of any Manager in taking any action in the name of the Company without inquiry into the provisions of this Agreement or compliance herewith, regardless of whether that action actually is taken in accordance with the provisions of this Agreement.
Actions by Managers. Upon the authorization of the Credit Committee, a Manager, acting singly or jointly with the other Manager (as such authorization may provide), shall be entitled to take such actions as are so authorized and to bind the Company with respect thereto.
Actions by Managers. On any matter that is to be voted by Managers, a Manager may vote in person or by proxy, and such proxy may be granted in writing, by means of electronic transmission or as otherwise permitted by applicable law. Every proxy shall be revocable in the discretion of the Manager executing it unless otherwise provided in such proxy; provided, that such right to revocation shall not invalidate or otherwise affect actions taken under such proxy prior to such revocation.
Actions by Managers. Except as otherwise may be expressly provided in this Agreement, the Articles of Organization or the Act, all decisions with respect to the management of the business and affairs of the Company shall be made by action of a Majority of the Managers taken at a meeting or evidenced by a written consent executed by a Majority of the Managers. Meetings of the Managers may be held on such terms and after such notice as the Managers may establish. The Managers shall have full and complete authority, power and discretion to manage and control the business of the Company, to make all decisions regarding those matters and to perform any and all other acts customary or incident to the management of the Company’s business, except only as to those acts as to which approval by the Members is expressly required by the Articles of Organization, this Agreement, the Act or other applicable law. The Managers may delegate responsibility for the day-to-day management of the Company to any individual Manager or Person retained by the Managers who shall have and exercise on behalf of the Company all powers and rights necessary or convenient to carry out such management responsibilities (provided, that any action requiring the approval of the Members under Section 3.3 shall not constitute a day-to-day management decision and shall be subject to the approval of a Majority of the Managers).
Actions by Managers. Committees; Delegation of Authority and Duties .............................................................. 13 6.03 Number and Term of Office ........................................... 14 6.04