Common use of Board of Managers Clause in Contracts

Board of Managers. The business and affairs of the Company shall be managed by or under the authority of the Board of Managers, except as otherwise required by the Act or this Agreement. The Managers, for and on behalf of the Company, shall have full power and authority, in addition to such powers and authorities as may be provided by law or elsewhere in this Agreement, at the expense of the Company (by direct payment or reimbursement):

Board of Managers. The (a) Except as provided in Article VII hereof, the business and affairs of the Company shall be managed by or under the authority direction of the Board of ManagersManagers (the "Board"), except as otherwise required and the Board shall have all power and authority to manage, and direct the management and the business and affairs of, the Company. Any power not delegated pursuant to a policy of delegation adopted by the Act Board shall remain with the Board. Approval by or action taken by the Board in accordance with this Agreement. The Managers, for and on behalf of the Company, Agreement shall have full power and authority, in addition to such powers and authorities as may be provided constitute approval or action by law or elsewhere in this Agreement, at the expense of the Company (by direct payment or reimbursement):and shall be binding on the Members.

Board of Managers. The business and affairs of the Company shall be managed by or under the authority direction of the Board of Managers, except as otherwise required by the Act or this Agreement. The ManagersBoard of Managers shall manage or cause to be managed the affairs of the Company in a prudent and businesslike manner and shall devote such time to the Company affairs as they shall, in their discretion exercised in good faith, determine is reasonably necessary for and on behalf the conduct of such affairs; provided, however, that it is expressly agreed that Managers shall not be required to devote their entire time or attention to the business of the Company, shall have full power and authority, in addition to such powers and authorities as may be provided by law or elsewhere in this Agreement, at the expense of the Company (by direct payment or reimbursement):.

Board of Managers. The Except as reserved to the Members in this Agreement, the business and affairs of the Company shall be managed by or under the authority direction of the Board of Managers ("Board of Managers"), except as otherwise required by and the Act or this Agreement. The Managers, for Board of Managers shall have power and on behalf authority to manage and direct the business and affairs of the Company, . Approval by or actions taken by the Board of Managers in accordance with this Agreement shall have full power and authority, in addition to such powers and authorities as may be provided constitute approval or action by law or elsewhere in this Agreement, at the expense of the Company (by direct payment or reimbursement):Company.