Common use of Authority of Board of Managers Clause in Contracts

Authority of Board of Managers. Unless otherwise specifically stated herein, all decisions relating to the operation and management of the Company and its assets and affairs shall be made by the majority vote of the Board of Managers of the Company. The Board of Managers of the Company shall be entitled to meet and take action with respect to all matters relative to the Company and its assets.

Appears in 9 contracts

Samples: Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL/Regency I, LLC)

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Authority of Board of Managers. Unless otherwise specifically stated herein, all decisions relating to the operation and management of the Company and its assets and affairs shall be made by the majority vote of the Board of Managers of the Company. The Board of Managers of the Company shall be entitled to meet and take action with respect to all matters relative to the Company and its assets.

Appears in 3 contracts

Samples: Limited Liability Company Agreement (CBL/Regency I, LLC), Limited Liability Company Agreement (CBL & Associates Limited Partnership), Limited Liability Company Agreement (CBL/Regency I, LLC)

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Authority of Board of Managers. Unless otherwise specifically stated herein, all decisions relating to the operation and management of the Company and its assets and affairs shall be made by the majority vote of the Board of Managers of the Company. The Board of Managers of the Company shall be entitled to meet and take action with respect to all matters relative to the Company and its assetsManagers.

Appears in 1 contract

Samples: Limited Liability Company Agreement (CBL & Associates Limited Partnership)

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