Common use of Authority of the Board Clause in Contracts

Authority of the Board. Except for matters that (a) require approval of the Members by the express terms of this Agreement or (b) relate to the responsibilities and authority delegated by the Board to the officers, the Board shall have the exclusive authority to make all decisions and take all actions and act on behalf of the Company generally to conduct, direct and manage the business, activities, operations and affairs of the Company.

Appears in 5 contracts

Samples: Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP), Limited Liability Company Agreement (Boardwalk Pipeline Partners, LP), Operating Agreement (Sunoco LP)

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Authority of the Board. Except for matters that (a) require approval of Except as specifically reserved to the Members by the express terms of in this Agreement or (b) relate to the responsibilities and authority delegated by the Board to the officersAgreement, the Board shall have the exclusive has all power and authority to make all decisions manage, and take all actions and act on behalf of direct the Company generally to conductmanagement of, direct and manage the business, activities, operations business and affairs of the CompanyCompany in the ordinary course of its business. Except to the extent limited by Section 4.2(c) and Section 5.1(a), approval by or action taken by the Board in accordance with this Agreement is the approval or action of the Company and is binding on each Member.

Appears in 1 contract

Samples: Limited Liability Company Agreement (OGE Enogex Partners L.P.)

Authority of the Board. Except for matters that (a) require approval of the Members any Member(s), or for which any Member(s) are permitted to act, by the express terms of this Agreement or (b) relate to the responsibilities and authority delegated by the Board to the officers, the Board shall have the exclusive authority to make all decisions and take all actions and act on behalf of the Company generally to conduct, direct and manage the business, activities, operations and affairs of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (TransMontaigne Partners L.P.)

Authority of the Board. Except for matters that (a) require where approval of the Members is expressly required by the express terms nonwaivable provisions of applicable law or as otherwise specifically provided in this Agreement or (b) relate to the responsibilities and authority delegated by the Board to the officersAgreement, the Board shall have the full, exclusive authority and complete discretion to make all decisions and take all actions and act on behalf of the Company generally to conduct, direct and manage control the business, activities, operations business and affairs of the Company, to make all decisions affecting the business and affairs of the Company and to take all such actions as it deems necessary or appropriate to accomplish the foregoing and the purposes of the Company as set forth herein. The Board may delegate any of its powers, in whole or in part, to any officer or officers of the Company.

Appears in 1 contract

Samples: Operating Agreement

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Authority of the Board. Except for matters that (a) require where approval of the Members is expressly required by the express terms nonwaivable provisions of applicable law or as otherwise specifically provided in this Agreement or (b) relate to the responsibilities and authority delegated by the Board to the officersAgreement, the Board shall have the full, exclusive authority and complete discretion to make all decisions and take all actions and act on behalf of the Company generally to conduct, direct and manage control the business, activities, operations business and affairs of the Company, to make all decisions affecting the business and affairs of the Company and to authorize management of the Company or such other Persons as it may designate to take all such actions as it deems necessary or appropriate to accomplish the foregoing and the purposes of the Company.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Concha Y Toro Winery Inc)

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