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.
Appears in 11 contracts
Samples: Operating Agreement (Pathology Solutions, LLC), Limited Liability Company Operating Agreement (Pathology Solutions, LLC), Operating Agreement (Pathology Solutions, LLC)
Management by Members. (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. 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 Members, who shall make all decisions and take all actions for the Company.
Appears in 7 contracts
Samples: Limited Liability Company Agreement (Universal Compression Partners, L.P.), Limited Liability Company Agreement (Magellan Midstream Holdings Lp), Limited Liability Company Agreement (Western Midstream Partners, LP)
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 Members, and the Members shall make all decisions and take all actions for the Company.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Pathology Solutions, LLC), Limited Liability Company Operating Agreement (Pathology Solutions, LLC), Limited Liability Company Operating Agreement (Pathology Solutions, LLC)
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 by the direction of, the Members and the Members shall Member. The Member may make all decisions and take all actions for the CompanyCompany not otherwise provided in this Operating Agreement.
Appears in 2 contracts
Samples: Operating Agreement (US LEC of Georgia LLC), Operating Agreement (McLeodUSA Holdings Inc)
Management by Members. (a) 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 ofby, the Members and Members. All decisions of the Members shall make all decisions and take all actions for the Companybe made by Members holding a Required Interest.
Appears in 1 contract
Samples: Operating Agreement (TB Wood's INC)
Management by Members. (a) 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 the Members Members; and the Members shall may make all decisions and take all actions action for the Company.Company not otherwise provided for in this Agreement. Without limiting the generality of the foregoing, the Members shall have the duty and authority to perform the following:
Appears in 1 contract
Samples: Limited Liability Company Agreement (Project Orange Capital Corp)
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. Any action to be taken by the Company may be taken at a meeting of the Members or by a written consent executed by all of the Members.
Appears in 1 contract
Samples: Limited Liability Company Operating Agreement (Pathology Solutions, LLC)
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 ofby, the Members and Member. All decisions of the Members Member(s) shall make all decisions and take all actions for the Companybe made by Member(s) holding a Required Interest.
Appears in 1 contract
