Common use of Authority of the Managing Member Clause in Contracts

Authority of the Managing Member. Subject to the provisions of Section 5.3, the Managing Member shall manage the business of the Company and shall have all of the rights and powers which may be possessed by managing members under the Act including, without limitation, the right and power to:

Authority of the Managing Member. Subject to the provisions of Section 5.3limitations and restrictions set forth in this Agreement including without limitation those set forth in this Article V, the Managing Member shall manage direct the business and affairs of the Company and in so doing shall manage, control and have all of the rights and powers which may be possessed by managing members under a manager under, and within the Act including, without limitationmeaning of, the right and power to:Act.