Management by Managers. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Managers.
Appears in 12 contracts
Samples: Limited Liability Company Agreement (Reliant Energy Transition Bond Co LLC), Limited Liability Agreement (Consumers Funding LLC), Limited Liability (Pp&l Transition Bond Co Inc)
Management by Managers. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Managers, except to the extent that such powers are otherwise retained by the Member under this Agreement (which may be delegated by the Member to the Managers unless otherwise specified herein).
Appears in 8 contracts
Samples: Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC), Limited Liability Company Agreement (CenterPoint Energy Transition Bond CO III, LLC), Limited Liability Company Agreement (Centerpoint Energy Houston Electric LLC)
Management by Managers. The Except as otherwise expressly set forth in this Agreement, the powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Managers.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (JCP&L Transition Funding II LLC), Limited Liability Company Agreement (MP Environmental Funding LLC), Limited Liability Company Agreement (MP Environmental Funding LLC)
Management by Managers. The Subject to Section 5.01, the powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Managers.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Jcp&l Transition Funding LLC), Limited Liability Company Agreement (Jcp&l Transition Funding LLC)
Management by Managers. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, of certain managers (the "Managers").
Appears in 1 contract
Samples: Limited Liability Company Agreement (Greyhound Funding LLC)
Management by Managers. The powers of the Company shall be ---------------------- exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Managers.
Appears in 1 contract
Samples: Limited Liability (Reliant Energy Transition Bond Co LLC)
Management by Managers. The All powers of the Company shall be exercised by ---------------------- or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Managers, unless otherwise provided in the Act, the Articles, or this Agreement.
Appears in 1 contract
