MANAGEMENT BY MEMBERS Sample Clauses

MANAGEMENT BY MEMBERS. Management of the Company shall be vested in its members. The members shall have the exclusive right, power and authority to manage and operate the business and affairs of the Company and to authorize any act or transaction on behalf of the Company. The members may from time to time appoint and delegate authority to act on behalf of the Company to such officers as the members deem appropriate. Any deed, agreement or other instrument, whether or not for apparently carrying on in the usual way the business or affairs of the Company, shall be binding on the Company and may be relied upon by any person or entity which is supplied with such executed deed, agreement or other instrument, if the same is executed on behalf of the Company by a member.
MANAGEMENT BY MEMBERS. Except as described below in Sections 6.03 and 6.05, the management of the Company is fully vested in the Members, acting exclusively in their membership capacities. To facilitate the orderly and efficient management of the Company, the Members shall act (a) collectively as a "committee of the whole" pursuant to Section 6.02, or (b) through the delegation from time to time of certain responsibility and authority to particular Members pursuant to Section 6.03. No Member has the right, power or authority to act for or on behalf of the Company, to do any act that would be binding on the Company, or to incur any expenditures on behalf of the Company, except in accordance with the immediately preceding sentence. Decisions or actions taken in accordance with the provisions of this Agreement shall constitute decisions or actions by the Company and shall be binding on each Member, Representative, Officer and employee of the Company.
MANAGEMENT BY MEMBERS. 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 Members and the Members shall make all decisions and take all actions for the Company.
MANAGEMENT BY MEMBERS. The management of the Company shall be vested exclusively in its Member(s). The Member(s) may make all decisions and take all actions for the Company as they deem necessary or appropriate in their sole discretion to enable the Company to carry out the purposes for which the Company was formed including, without limitation, the following:
MANAGEMENT BY MEMBERS. The business and affairs of the LLC shall be managed by the Members. All powers to control the business and affairs of the LLC shall be exercised by or under the direction of the Members.
MANAGEMENT BY MEMBERS. The management of the Company is vested in all of the Members in accordance with the Act. Members shall receive no salary for their management services to the Company. However, no Member or manager may without the consent of all Members:
MANAGEMENT BY MEMBERS. The Company shall be a "member-managed" limited liability company as such term is defined in the Act. The business and affairs of the Company shall be managed by the Members. All powers of the Company as a limited liability company under the Act shall be exercised by or under the direction of the Members.
MANAGEMENT BY MEMBERS. The Company will be managed by the Member(s). The conduct of the Company’s business and the management of its affairs will be exercised and conducted solely by the Member(s) in accordance with this Agreement. Subject to Section 2.5(c)(iii), the Member(s) has the exclusive right to act for the Company and may act for and on behalf of the Company and execute all agreements on behalf of the Company and otherwise bind the Company as to third parties.
MANAGEMENT BY MEMBERS. 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 Members, according to this Article V. No Member in his or her individual capacity as such shall have the authority to bind the Company, unless the Members have authorized such action according to this Article V. In addition to the powers that now or hereafter can be granted under the Act and to all other powers granted under any other provision of this Agreement, the Members shall have (subject to the Act and all consent rights and other limitations in this Agreement) full power and authority to do all things on such terms as they may deem necessary or appropriate to conduct, or cause to be conducted, the business and affairs of the Company. Subject to Section 5.4, the Members acknowledge that the day-to-day management and operation of the Company has been delegated to the Operator pursuant to the Operating Agreement.
MANAGEMENT BY MEMBERS. The Company shall be managed by the members. The Company shall not have managers within the meaning of the North Dakota Limited Liability Company Act. No member shall be entitled to compensation for managing the Company unless otherwise approved in advance by the members.