Limitations on Manager’s Authority. Manager shall not, without Owner’s prior written approval, enter into any FF&E Lease if (i) the fair market value of the FF&E subject to such FF&E Lease at the time of entering into such FF&E Lease exceeds Ten Thousand Dollars ($10,000); (ii) the fair market value of the FF&E subject to all FF&E Leases at the time of entering into such FF&E Lease exceeds Twenty-five Thousand Dollars ($25,000) in the aggregate; (iii) the FF&E subject to such FF&E Lease is FF&E that is not, consistent with Prudent Industry Practices, customarily leased; (iv) such FF&E Lease is with an Affiliate of Manager or is on payment terms (including the amounts and schedule of payments) that would be materially more favorable to the lessor thereof than payment terms customary under Prudent Industry Practices for leases of similar FF&E; or (v) such FF&E Lease is not terminable by Owner upon thirty (30) days’ notice.
Limitations on Manager’s Authority. Notwithstanding the above, without the prior written approval of the Management Committee, the Manager shall not take any actions with respect to:
Limitations on Manager’s Authority. The Manager has no authority to:
Limitations on Manager’s Authority. Unless otherwise permitted in this Agreement, the Manager shall only have the power or authority to cause the Company to take any of the following actions with written approval of a Majority Interest:
Limitations on Manager’s Authority. Notwithstanding anything to the contrary set forth in this Agreement, other than as specifically contemplated in the Approved Annual Plan and Operating Budget (as amended, from time to time pursuant to Section 8.3(c)), including, without limitation, Manager’s right to incur costs and expenses as the result of a Permitted Variance, Promotional Variance and/or Emergency Expenditures, Manager shall not, without Owner’s prior written approval (which approval may be granted or withheld in Owner’s sole and absolute discretion):
Limitations on Manager’s Authority. The following actions ("Major Decisions") shall require the approval of at least a majority of the outstanding Units (unless otherwise provided in this Agreement):
Limitations on Manager’s Authority. Manager shall not, without the prior written consent of the Practice:
Limitations on Manager’s Authority. Unless provided for in the approved Annual Operating Projection, Manager shall not, without Owner’s prior written approval, enter into any FF&E Lease if (i) the fair market value of the FF&E subject to such FF&E Lease at the time of entering into such FF&E Lease exceeds Thirty-Five Thousand Dollars ($35,000); (ii) the fair market value of the FF&E subject to all FF&E Leases at the time of entering into such FF&E Lease exceeds Sixty Thousand Dollars ($60,000) in the aggregate; (iii) the FF&E subject to such FF&E Lease is FF&E that is not, consistent with Prudent Industry Practices, customarily leased; (iv) such FF&E Lease is with an Affiliate of Manager or is on payment terms (including the amounts and schedule of payments) that would be materially more favorable to the lessor thereof than payment terms customary under Prudent Industry Practices for leases of similar FF&E; or (v) such FF&E Lease is not terminable by Owner upon thirty (30) days’ notice if such FF&E Lease is more than one (1) year in duration.
Limitations on Manager’s Authority. Notwithstanding the foregoing, ---------------------------------- the Manager shall not, without the written consent of all of the Members, which consent shall not be unreasonably delayed or withheld:
Limitations on Manager’s Authority. Except as may be authorized in this Agreement (or in a separate written agreement between Owner and Manager), Manager shall have no authority to make oral or written warranties or representations on behalf of Parent or Owner and shall advise all prospective sellers of a Qualified Property to conduct their own independent investigation.
