Management and Control. (a) Management and control of the business of the Company shall be vested in the Board of Directors, which shall have the right, power and authority, on behalf of the Company and in its name to exercise all rights, powers and authority of “Managers” of a limited liability company under the Delaware Act and to do all things necessary and proper to carry out the objective and business of the Company and their duties hereunder. No Director shall have the authority individually to act on behalf of or to bind the Company except within the scope of such Director’s authority as delegated by the Board of Directors. The parties hereto intend that, except to the extent otherwise expressly provided herein,
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Skybridge Diversified Hedge Fund Portfolio, LLC), Limited Liability Company Agreement (Skybridge G II Fund, LLC), Limited Liability Company Agreement (Skybridge G II Fund, LLC)
Management and Control. (a) Management and control of the business of the Company and each Series shall be vested in the Board of Directors, which shall have the right, power and authority, on behalf of the Company and in its name, and on behalf of and in the name of each Series, to exercise all rights, powers and authority of “Managers” of a limited liability company under the Delaware Act and to do all things necessary and proper to carry out the objective and business of the Company and their duties hereunder. No Director shall have the authority individually to act on behalf of or to bind the Company or any Series except within the scope of such Director’s authority as delegated by the Board of Directors. The parties hereto intend that, except to the extent otherwise expressly provided herein,
Appears in 3 contracts
Samples: Separate Series Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Separate Series Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC), Separate Series Agreement (Skybridge Multi-Adviser Hedge Fund Portfolios LLC)
Management and Control. (a) Management and control of the business of the Company shall be vested in the Board of Directors, which shall have the right, power and authority, on behalf of the Company and in its name to exercise all rights, powers and authority of “Managers” of a limited liability company under the Delaware Act and to do all things necessary and proper to carry out the objective and business of the Company and their duties hereunder. No Director shall have the authority Table of Contents individually to act on behalf of or to bind the Company except within the scope of such Director’s authority as delegated by the Board of Directors. The parties hereto intend that, except to the extent otherwise expressly provided herein,
Appears in 1 contract
Samples: Limited Liability Company Agreement (Skybridge G II Fund, LLC)
Management and Control. (a) Management and control of the business of the Company and each Series shall be vested in the Board of Directors, which shall have the right, power and authority, on behalf of the Company and in its name, and on behalf of and in the name of each Series, to exercise all rights, powers and authority of “Managers” of a limited liability company under the Delaware Act and to do all things necessary and proper to carry out the objective and business of the Company and their duties hereunder. No Director shall have the authority individually to act on behalf of or to bind the Company or any Series except within the scope of such Director’s authority as delegated by the Board of Directors. The parties hereto intend that, except to the extent otherwise expressly provided herein,, (i) each Director shall be vested with the same powers, authority and responsibilities on behalf of the Company as are customarily vested in each director of a Delaware corporation and
Appears in 1 contract
Samples: Separate Series Agreement (Citigroup Alternative Investments Multi Adv Hedge Fu Por LLC)
