Common use of Management by Members Clause in Contracts

Management by Members. Except as otherwise provided in this Agreement, the property, business and affairs of the Company will be managed by the Members, who will have full authority, power and discretion to make all decisions with respect to the Company’s business, perform any and all other acts customary or incident to such management, and perform such other services and activities set forth in this Agreement in accordance herewith and with the Act.

Appears in 3 contracts

Samples: Operating Agreement, Note, Operating Agreement

AutoNDA by SimpleDocs

Management by Members. Except as otherwise provided in this Agreement, the property, business and affairs of the The Company will be managed by the Members, who will have full authority, power and discretion to make all decisions with respect to . The conduct of the Company’s business, perform any business and all other acts customary or incident to such management, the management of its affairs will be exercised and perform such other services and activities set forth in this Agreement conducted solely by the Members in accordance herewith with this Agreement. The Members have the exclusive right to act for the Company. The Members may act for and with on behalf of the ActCompany and execute all agreements on behalf of the Company and otherwise bind the Company as to third parties.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Ensource Energy Income Fund LP), Limited Liability Company Agreement (Basic ESA, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!