Authority of Directors. Subject to the limitations and restrictions set forth in this Agreement, the Directors shall direct the management of the business and affairs of the Company and shall have all of the rights and powers which may be possessed by a “manager” under the Act including, without limitation, the right and power to do or perform the following and, to the extent permitted by the Act or this Agreement, the further right and power by resolution of the Directors to delegate to the Officers or such other Person or Persons to do or perform the following:
Authority of Directors. Subject to the provisions of any class or series of Shares at the time outstanding, the Board of Directors shall have the power to dissolve or liquidate the Company; provided, however, that except as otherwise permitted by law, such action shall have been approved, at a meeting of the Members called for that purpose, by the affirmative vote of the holders of not less than a majority of the Shares then outstanding and entitled to vote thereon (other than a sale in the ordinary course of the Company’s business, as to which no such vote is required).
Authority of Directors. In furtherance and not in limitation of the power conferred upon the board of directors by law, the board of directors shall have power to make, adopt, alter, amend and repeal from time to time by-laws of this corporation, subject to the right of the stockholders entitled to vote with respect thereto to alter and repeal by-laws made by the board of directors.
Authority of Directors. 13 5.5 Director as Agent..........................................................................14 5.6 Restriction on Authority of Directors......................................................14
Authority of Directors. The Board may perform acts as specified in the Operating Agreement of the Company. 3.
Authority of Directors. During the term of this Agreement, the directors will, when appropriate, perform the following acts:
Authority of Directors. The business of the Corporation shall be managed by its Board of Directors which may exercise all such powers of the Corporation and do all such lawful acts and things as are not by statute or by the Certificate of Incorporation or by these Bylaws directed or required to be exercised or done by the stockholders.
Authority of Directors. The Board may perform the following acts on behalf of the Company: ● ________________________________________________________________________________________________________________________________________________________________ ● ________________________________________________________________________________________________________________________________________________________________ ● ________________________________________________________________________________________________________________________________________________________________
Authority of Directors. The Board may perform the following acts on behalf of the Company: ● ● ●
Authority of Directors. The directors may and they are hereby authorized from time to time to, without authorization of the shareholders,
