Common use of Management by the Manager Clause in Contracts

Management by the Manager. In accordance with Section 18-401 of the Act, and except for matters for which approval by the Members is expressly required by the mandatory provisions of the Act or this Agreement (including, but not limited to, Section 5.2 below), the business, property and affairs of the Company shall be managed, and all powers of the Company shall be exercised, by or under the direction of the Manager. AGH is hereby designated as the Manager. Decisions of the Manager within its scope of authority shall be binding upon the Company and each Member. Except for matters for which approval by the Members is expressly required by the mandatory provisions of the Act or this Agreement, no Member shall have the right to vote on any matters concerning the business, property or affairs of the Company.