Common use of Duties and Obligations of the Management Committee Clause in Contracts

Duties and Obligations of the Management Committee. (a) The Management Committee shall cause the Company to conduct its Business and operations separate and apart from that of any Member or Manager or any of its or his Affiliates, including (i) segregating Company assets and not allowing funds or other assets of the Company to be commingled with the funds or other assets of, held by, or registered in the name of, any Member or Manager or any of its or his Affiliates, (ii) maintaining books and financial records of the Company separate from the books and financial records of any Member or Manager or any of its or his Affiliates, and observing all Company procedures and formalities, including maintaining minutes of Company meetings and acting on behalf of the Company only pursuant to due authorization of the Members, (iii) causing the Company to pay its liabilities from assets of the Company, and (iv) causing the Company to conduct its dealings with third parties in its own name and as a separate and independent entity.

Duties and Obligations of the Management Committee. (a) The Management Committee shall cause the Company to conduct its Business business and operations separate and apart from that of any Member or Manager or any of its or his Affiliates, including including, without limitation, (i) segregating Company assets and not allowing funds or other assets of the Company to be commingled with the funds or other assets of, held by, or registered in the name of, of any Member or Manager or any of its or his Affiliates, (ii) maintaining books and financial records of the Company separate from the books and financial records of any Member or Manager or any of and its or his Affiliates, and observing all Company procedures and formalities, including including, without limitation, maintaining minutes of Company meetings and acting on behalf of the Company only pursuant to due authorization of the Members, (iii) causing the Company to pay its liabilities from assets of the Company, and (iv) causing the Company to conduct its dealings with third parties in its own name and as a separate and independent entity.

Duties and Obligations of the Management Committee. (a) The Management Committee shall cause the Company to conduct its Business business and operations separate and apart from that of any Member or Manager or any of its or his Affiliates, including including, without limitation, (i) segregating Company assets and not allowing funds or other assets of the Company to be commingled with the funds or other assets of, held by, or registered in the name of, any Member or Manager or any of its or his Affiliatesaffiliates, (ii) maintaining books and financial records of the Company separate from the books and financial records of any Member or Manager or any of and its or his Affiliatesaffiliates, and observing all Company procedures and formalities, including including, without limitation, maintaining minutes of Company meetings and acting on behalf of the Company only pursuant to due authorization of the Members, (iii) causing the Company to pay its liabilities from assets of the Company, and (iv) causing the Company to conduct its dealings with third parties in its own name and as a separate and independent entity.

Duties and Obligations of the Management Committee. (a) The Management Committee shall cause the Company to conduct its Business business and operations separate and apart from that of any Member or Manager or any of its or his Affiliates, including including, without limitation, (i) segregating Company assets and not allowing funds or other assets of the Company to be commingled with the funds or other assets of, held by, or registered in the name of, any Member or Manager or any of its or his Affiliatesaffiliates, (ii) maintaining books and financial records of the Company separate from the books and financial records of any Member or Manager or any of and its or his Affiliatesaffiliates, and observing all Company procedures and formalities, including including, without limitation, maintaining minutes of Company meetings and acting on behalf of the Company only pursuant to due authorization of the Members, (iii) causing the Company to pay its liabilities from assets of the Company, Company and (iv) causing the Company to conduct its dealings with third parties in its own name and as a separate and independent entity.