Management by the Member Sample Clauses

Management by the Member. 3.1 The management of the Company is fully reserved to the Member, 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 Member, who shall make all decisions and take all actions for the Company. In managing the business and affairs of the Company and exercising its powers, the Member shall act through resolutions adopted in written consents. Decisions or actions taken by the Member in accordance with this Agreement shall constitute decisions or action by the Company and shall be binding on the Company.
AutoNDA by SimpleDocs
Management by the Member. As provided in the Articles, management of the business and affairs of the Company is vested in the Member.
Management by the Member. The management of the Company is vested to the Member. Except as otherwise provided in this Agreement, the Member shall have the power to do any and all acts necessary, convenient, or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwise, possessed by members of a limited liability company under the laws of the State of Delaware. The Member has the authority to bind the Company. Under its sole discretion the Member shall have full power and authority to delegate any of its powers and authorities under this Agreement.
Management by the Member. The business and affairs of the Company shall be managed by the Member on behalf of the Company. The Member acting through its board of directors as provided in this Agreement, may delegate authority with regard to the conduct of the affairs of the Company to committees of the board of directors of Member, Company employees, contractors or agents of the Company, provided that the following actions shall require the express approval and authorization of the Member:
Management by the Member. As provided in the Certificate, management of the business and affairs of the Company is vested in the Member.
Management by the Member. The Member, exclusively in its ------------------------ capacity as such, shall manage the business of the Company.
Management by the Member. 7 6.1 Management by the Members.....................................7 6.2 Admission of New Members......................................7 6.3
AutoNDA by SimpleDocs
Management by the Member. The management of the business and affairs of the Company is vested in the managers. The managers shall be least one but not more than eleven in number unless changed by amendment.
Management by the Member. Except as otherwise provided by applicable law, the power and authority to manage, direct, and control the Company will be vested exclusively in the Member, except with respect to such matters expressly requiring the approval of the Company’s board of directors (the “Board”, each member of the Board, a “Director” and such members collectively, the “Directors”), as set forth in this Agreement, and, except with respect to such matters, the Member will have full, complete, and exclusive authority to manage, direct, and control the business, affairs, and properties of the Company (including in the Company’s capacity as the general partner of the Partnership) and the Partnership, to perform any and all acts or activities customary or incident to the management of the Company’s and the Partnership’s activities, and to delegate certain responsibilities and authority with respect to the operations of the Partnership to the Partnership Officers pursuant to Section 5.6(b). It is the express intention of the Member to delegate responsibility for the day-to-day management of the business of the Partnership and its Affiliates to the Partnership Officers. Notwithstanding the foregoing, the Member shall not take any action or propose any action for approval by the Board, or cause the Company to take any action (including in its capacity as general partner of the Partnership), that would be in violation of any of the compliance policies of the Partnership described in Section 4.15(e) of the Partnership Agreement.
Management by the Member. Except as otherwise provided in this Agreement, all decisions regarding the Company shall be made by the Member and the Member shall have the authority to delegate any decision making authority to the Board (as defined below).
Time is Money Join Law Insider Premium to draft better contracts faster.