{"component": "clause", "props": {"groups": [{"size": 25, "samples": [{"hash": "2R7uVPY6O19", "uri": "/contracts/2R7uVPY6O19#managers-authority", "label": "Master Agreement Among Underwriters (Nuveen Short Duration Credit Opportunities Fund)", "score": 20.3908290863, "published": true}, {"hash": "c7Lr76JbtG1", "uri": "/contracts/c7Lr76JbtG1#managers-authority", "label": "Master Agreement Among Underwriters (Nuveen Short Duration Credit Opportunities Fund)", "score": 20.3032169342, "published": true}, {"hash": "5T53ENbiCdB", "uri": "/contracts/5T53ENbiCdB#managers-authority", "label": "Master Agreement Among Underwriters (Kayne Anderson Midstream/Energy Fund, Inc.)", "score": 19.8131408691, "published": true}], "snippet": "We authorize you, acting as Manager, to (i) negotiate, execute and deliver the Underwriting Agreement, (ii) exercise all authority and discretion granted by the Underwriting Agreement and take all action you deem desirable in connection with this Agreement and the Underwriting Agreement including, but not limited to, waiving performance or satisfaction by the Company, any selling security holder or any other party to the Underwriting Agreement of its or their obligations or conditions included in the Underwriting Agreement or the Terms Communication (including this Agreement), if in your judgment such waiver will not have a material adverse effect upon the interests of the Underwriters and exercising any right of cancellation or termination, (iii) modify, vary or waive any provision in the Underwriting Agreement except the amount of Our Securities or the purchase price (except you may determine the price by Formula Pricing where applicable), (iv) determine the timing and the terms of the Offering (including varying the offering terms and the concessions and discounts to dealers), (v) exercise any option relating to the purchase of Option Securities, and (vi) take all action you deem desirable in connection with the Offering and the purchase, carrying, sale and distribution of the Securities. If there are other Managers with respect to an Offering, you may take any action hereunder alone on behalf of the Managers, and our representations, agreements and authorizations given herein shall also be for the benefit of such other Manager to whom you may grant any of your authority to act hereunder. You may arrange for the purchase by others, who may include your or other Underwriters, of any Securities not taken up by an Underwriter in respect of its obligations hereunder who defaults under this Agreement and/or the Underwriting Agreement. We will assume our proportionate share of all defaulted obligations not assumed by others and any Securities so assumed shall be included in Our Securities. However, nothing in this paragraph will affect our liability or obligations in the event of a default by us or any other Underwriter(s). You may advertise the Offering as you determine and determine all matters relating to communications with dealers or others. We will not advertise the Offering without your consent, and we assume all expense and risk with respect to any advertising by us. Notwithstanding any information you furnish as to jurisdictions where you believe the Securities may be sold, you have no obligation for qualification of the Securities for sale under the laws of any jurisdiction. You may file a New York Further State Notice. You have no liability to us except for your own lack of good faith in meeting obligations expressly assumed by you hereunder.", "snippet_links": [{"key": "execute-and-deliver", "type": "clause", "offset": [55, 74]}, {"key": "the-underwriting-agreement", "type": "clause", "offset": [75, 101]}, {"key": "authority-and", "type": "clause", "offset": [121, 134]}, {"key": "granted-by", "type": "definition", "offset": [146, 156]}, {"key": "in-connection-with", "type": "clause", "offset": [223, 241]}, {"key": "not-limited", "type": "clause", "offset": [303, 314]}, {"key": "by-the-company", "type": "clause", "offset": [355, 369]}, {"key": "selling-security-holder", "type": "definition", "offset": [375, 398]}, {"key": "other-party", "type": "definition", "offset": [406, 417]}, {"key": "agreement-or", "type": "definition", "offset": [519, 531]}, {"key": "the-terms", "type": "definition", "offset": [532, 541]}, {"key": "material-adverse-effect", "type": "clause", "offset": [632, 655]}, {"key": "the-interests", "type": "clause", "offset": [661, 674]}, {"key": "the-underwriters", "type": "definition", "offset": [678, 694]}, {"key": "cancellation-or-termination", "type": "clause", "offset": [723, 750]}, {"key": "the-purchase-price", "type": "clause", "offset": [863, 881]}, {"key": "the-price", "type": "clause", "offset": [908, 917]}, {"key": "where-applicable", "type": "clause", "offset": [937, 953]}, {"key": "terms-of-the-offering", "type": "clause", "offset": [990, 1011]}, {"key": "terms-and", "type": "clause", "offset": [1044, 1053]}, {"key": "relating-to", "type": "definition", "offset": [1121, 1132]}, {"key": "purchase-of-option-securities", "type": "clause", "offset": [1137, 1166]}, {"key": "distribution-of-the-securities", "type": "clause", "offset": [1281, 1311]}, {"key": "other-managers", "type": "clause", "offset": [1326, 1340]}, {"key": "with-respect-to-an", "type": "clause", "offset": [1341, 1359]}, {"key": "any-action", "type": "definition", "offset": [1383, 1393]}, {"key": "on-behalf-of", "type": "definition", "offset": [1410, 1422]}, {"key": "the-managers", "type": "clause", "offset": [1423, 1435]}, {"key": "our-representations", "type": "clause", "offset": [1441, 1460]}, {"key": "and-authorizations", "type": "clause", "offset": [1473, 1491]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [1519, 1537]}, {"key": "authority-to-act", "type": "clause", "offset": [1591, 1607]}, {"key": "arrange-for", "type": "clause", "offset": [1627, 1638]}, {"key": "other-underwriters", "type": "definition", "offset": [1687, 1705]}, {"key": "in-respect-of", "type": "definition", "offset": [1756, 1769]}, {"key": "defaults-under-this-agreement", "type": "clause", "offset": [1800, 1829]}, {"key": "proportionate-share", "type": "clause", "offset": [1884, 1903]}, {"key": "obligations-not-assumed", "type": "clause", "offset": [1921, 1944]}, {"key": "our-liability", "type": "clause", "offset": [2069, 2082]}, {"key": "default-by-us", "type": "clause", "offset": [2116, 2129]}, {"key": "your-consent", "type": "clause", "offset": [2327, 2339]}, {"key": "no-obligation", "type": "definition", "offset": [2534, 2547]}, {"key": "qualification-of-the-securities", "type": "clause", "offset": [2552, 2583]}, {"key": "for-sale", "type": "definition", "offset": [2584, 2592]}, {"key": "the-laws", "type": "definition", "offset": [2599, 2607]}, {"key": "any-jurisdiction", "type": "definition", "offset": [2611, 2627]}, {"key": "new-york", "type": "definition", "offset": [2644, 2652]}, {"key": "further-state-notice", "type": "clause", "offset": [2653, 2673]}, {"key": "no-liability", "type": "clause", "offset": [2684, 2696]}, {"key": "lack-of-good-faith", "type": "clause", "offset": [2723, 2741]}], "hash": "b1b7bf429ae876288b04ff45f7579506", "id": 1}, {"size": 5, "samples": [{"hash": "e99Jg3oL3pG", "uri": "/contracts/e99Jg3oL3pG#managers-authority", "label": "Limited Liability Company Agreement (Vivakor, Inc.)", "score": 32.2772064209, "published": true}, {"hash": "8MtBfP0cNAk", "uri": "/contracts/8MtBfP0cNAk#managers-authority", "label": "Limited Liability Company Agreement (Vivakor, Inc.)", "score": 32.1156730652, "published": true}], "snippet": "The Manager shall have all authority, rights and powers conferred by law (subject to Section 7.4 and Section 8.2) and those required or appropriate to the management of the Company\u2019s business, which, by way of illustration but not by way of limitation, shall include the right, authority and power to cause the Company, in its own capacity or in its capacity as the manager, general partner or member of any subsidiary of the Company, to:\n7.3.1 Enter into any limited liability company agreement, partnership agreement, other operating agreement or any joint venture directly or for any subsidiary;\n7.3.2 Take all actions as the manager, general partner, or member of any subsidiary;\n7.3.3 Acquire, hold, develop, lease, rent, operate, sell, exchange and otherwise dispose of Property;\n7.3.4 Plan, manage and coordinate the operation of the Business, obtain all necessary licenses, permits and entitlements in connection therewith, and enter into any contracts and agreements with any Affiliates or third parties to perform any services in connection with the Business;\n7.3.5 Place record title to, or the right to use, the Property in the name or names of a nominee or nominees for any purpose convenient or beneficial to the Company;\n7.3.6 Borrow money, and, if security is required therefor, to pledge or mortgage or subject Property to any security device, to obtain replacements of any mortgage or other security device and to prepay, in whole or in part, refinance, increase, modify, consolidate or extend any mortgage or other security device. All of the foregoing shall be on such terms and in such amounts as the Managers, in their sole discretion, deems to be beneficial;\n7.3.7 Provide guarantees with respect to any loan or preferred equity obtained by the Company;\n7.3.8 Enter into such contracts and agreements as the Managers determine to be reasonably necessary or appropriate in connection with the Company\u2019s business and purpose (including contracts with Affiliates of the Managers) and any contract of insurance that the Managers deem necessary or appropriate for the protection of the Company, any subsidiary, the Managers and any officers, including errors and omissions insurance, for the conservation of Company assets, or for any purpose convenient or beneficial to the Company;\n7.3.9 Employ Persons, who may be Affiliates of the Managers, in the operation and management of the business of the Company or any subsidiary;\n7.3.10 Prepare or cause to be prepared reports, statements and other relevant information for distribution to the Members;\n7.3.11 Open accounts and deposit and maintain funds in the name of the Company or any subsidiary in banks, savings and loan associations, \u201cmoney market\u201d mutual funds and in such other entities or instruments as the Managers may deem in their discretion to be necessary or desirable;\n7.3.12 Cause the Company to make or revoke any of the elections referred to in the Code (the Managers shall have no obligation to make any such elections);\n7.3.13 Select as the Company\u2019s accounting year a calendar or fiscal year as may be approved by the Internal Revenue Service (the Company initially intends to adopt the calendar year);\n7.3.14 Determine the appropriate accounting method or methods to be used by the Company;\n7.3.15 In addition to any amendments otherwise authorized herein, amend this Agreement without any action on the part of the Members by special or general power of attorney or otherwise:\n(a) To add to the representations, duties, services or obligations of the Managers or its Affiliates, for the benefit of the Members;\n(b) To cure any ambiguity or mistake, to correct or supplement any provision herein that may be inconsistent with any other provision herein, or to make any other provision with respect to matters or questions arising under this Agreement that will not be inconsistent with the provisions of this Agreement;\n(c) To amend this Agreement to reflect the addition or substitution of the Members or the reduction of Capital Accounts upon the return of capital to the Members;\n(d) To minimize the adverse impact of, or comply with, any final regulation of the United States Department of Labor, or other federal agency having jurisdiction, defining \u201cplan assets\u201d for ERISA purposes;\n(e) To reconstitute the Company under the laws of another state if beneficial;\n(f) To execute, acknowledge and deliver any and all instruments to effectuate the foregoing, including the execution, acknowledgement and delivery of any such instrument by the attorney-in-fact for the Managers under a special or limited power of attorney, and to take all such actions in connection therewith as the Managers shall deem necessary or appropriate with the signature of the Managers acting alone; and\n(g) To make any changes to this Agreement as requested or required by any lender or potential lender which may be required to obtain financing including, but not limited to, complying with any special purpose entity requirements;\n7.3.16 Structure or restructure the Company to accommodate any financing or to comply with the Qualified Opportunity Zone provisions;\n7.3.17 Take any action and perform any acts necessary to qualify the Fund as a Qualified Opportunity Fund and the Company as a Qualified Opportunity Zone Property in accordance with the provisions of the Tax Cuts and Jobs Act;\n7.3.18 Temporarily invest the proceeds from Cash From Operations in short-term, highly-liquid investments;\n7.3.19 Require in any Company or any subsidiary contract that the Managers shall not have any personal liability, but that the Person contracting with the Company or any subsidiary is to look solely to the Company or any subsidiary and its respective assets for satisfaction;\n7.3.20 Lease personal property for use by the Company or any subsidiary;\n7.3.21 Establish reserves from income in such amounts as the Managers may deem appropriate;\n7.3.22 Represent the Company and the Members as the \u201cpartnership representative\u201d within the meaning of the Code in discussions with the Internal Revenue Service regarding the tax treatment of items of Company income, loss, deduction or credit, or any other matter reflected in the Company\u2019s returns, and, if deemed in the best interest of the Members, to agree to final Company administrative adjustments or file a petition for a readjustment of the Company items in question with the applicable court and take any action permitted to the \u201cpartnership representative\u201d pursuant to applicable law or regulation;\n7.3.23 Initiate legal actions, settle legal actions and defend legal actions on behalf of the Company;\n7.3.24 Merge or combine the Company or a subsidiary or \u201croll-up\u201d the Company into a partnership, limited liability company or other entity;\n7.3.25 Appoint officers of the Company as set forth in Section 7.11;\n7.3.26 Structure or restructure the Company to accommodate any financing or to comply with the Qualified Opportunity Zone provisions;\n7.3.27 Take any action and perform any acts necessary to qualify the Company as a Qualified Opportunity Zone Property in accordance with the Tax Cuts and Jobs Act;\n7.3.28 Perform any and all other acts which the Managers are obligated to perform hereunder or which the Company or a subsidiary is obligated to perform as the manager, general partner or member of any subsidiary of the Company;\n7.3.29 Admit additional Members as set forth herein;\n7.3.30 Redeem or repurchase Membership Interests on behalf of the Company;\n7.3.31 Hold an election for a successor Manager before the resignation, expulsion or dissolution of a Manager; and", "snippet_links": [{"key": "rights-and-powers", "type": "clause", "offset": [38, 55]}, {"key": "section-74", "type": "clause", "offset": [85, 96]}, {"key": "section-82", "type": "clause", "offset": [101, 112]}, {"key": "management-of-the-company", "type": "clause", "offset": [155, 180]}, {"key": "by-way-of-illustration", "type": "clause", "offset": [200, 222]}, {"key": "the-right", "type": "clause", "offset": [267, 276]}, {"key": "authority-and-power", "type": "clause", "offset": [278, 297]}, {"key": "general-partner", "type": "definition", "offset": [375, 390]}, {"key": "subsidiary-of-the-company", "type": "definition", "offset": [408, 433]}, {"key": "limited-liability-company-agreement", "type": "definition", "offset": [460, 495]}, {"key": "partnership-agreement", "type": "clause", "offset": [497, 518]}, {"key": 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{"key": "as-requested", "type": "clause", "offset": [4814, 4826]}, {"key": "required-by", "type": "definition", "offset": [4830, 4841]}, {"key": "potential-lender", "type": "definition", "offset": [4856, 4872]}, {"key": "not-limited", "type": "clause", "offset": [4930, 4941]}, {"key": "complying-with", "type": "clause", "offset": [4946, 4960]}, {"key": "special-purpose-entity-requirements", "type": "definition", "offset": [4965, 5000]}, {"key": "the-qualified", "type": "clause", "offset": [5093, 5106]}, {"key": "to-qualify", "type": "clause", "offset": [5190, 5200]}, {"key": "the-fund", "type": "clause", "offset": [5201, 5209]}, {"key": "qualified-opportunity-fund", "type": "definition", "offset": [5215, 5241]}, {"key": "and-the-company", "type": "clause", "offset": [5242, 5257]}, {"key": "qualified-opportunity-zone-property", "type": "definition", "offset": [5263, 5298]}, {"key": "in-accordance-with", "type": "definition", "offset": [5299, 5317]}, {"key": "the-provisions-of-the", "type": "clause", "offset": [5318, 5339]}, {"key": "tax-cuts-and-jobs-act", "type": "definition", "offset": [5340, 5361]}, {"key": "cash-from-operations", "type": "definition", "offset": [5407, 5427]}, {"key": "in-short", "type": "clause", "offset": [5428, 5436]}, {"key": "liquid-investments", "type": "clause", "offset": [5450, 5468]}, {"key": "subsidiary-contract", "type": "definition", "offset": [5507, 5526]}, {"key": "personal-liability", "type": "clause", "offset": [5564, 5582]}, {"key": "contracting-with", "type": "clause", "offset": [5604, 5620]}, {"key": "personal-property", "type": "definition", "offset": [5759, 5776]}, {"key": "establish-reserves", "type": "clause", "offset": [5826, 5844]}, {"key": "the-company-and-the", "type": "clause", "offset": [5928, 5947]}, {"key": "partnership-representative", "type": "clause", "offset": [5964, 5990]}, {"key": "meaning-of", "type": "clause", "offset": [6003, 6013]}, {"key": "treatment-of", "type": "definition", "offset": [6090, 6102]}, {"key": "company-income", "type": "definition", "offset": [6112, 6126]}, {"key": "other-matter", "type": "definition", "offset": [6162, 6174]}, {"key": "interest-of-the-members", "type": "clause", "offset": [6238, 6261]}, {"key": "agree-to", "type": "clause", "offset": [6266, 6274]}, {"key": "administrative-adjustments", "type": "clause", "offset": [6289, 6315]}, {"key": "company-items", "type": "definition", "offset": [6361, 6374]}, {"key": "applicable-court", "type": "definition", "offset": [6396, 6412]}, {"key": "applicable-law-or-regulation", "type": "definition", "offset": [6491, 6519]}, {"key": "legal-actions", "type": "definition", "offset": [6537, 6550]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [6601, 6622]}, {"key": "other-entity", "type": "clause", "offset": [6750, 6762]}, {"key": "officers-of-the-company", "type": "clause", "offset": [6779, 6802]}, {"key": "other-acts", "type": "definition", "offset": [7158, 7168]}, {"key": "additional-members", "type": "definition", "offset": [7373, 7391]}, {"key": "membership-interests", "type": "definition", "offset": [7441, 7461]}, {"key": "an-election", "type": "clause", "offset": [7500, 7511]}, {"key": "successor-manager", "type": "clause", "offset": [7518, 7535]}], "hash": "303b245cee076c0375916784b4468afb", "id": 10}, {"size": 12, "samples": [{"hash": "4PXQgLNjEtA", "uri": "/contracts/4PXQgLNjEtA#managers-authority", "label": "Commercial Exclusive Leasing/Management Agreement", "score": 23.9500350952, "published": true}, {"hash": "8ID3woWFhig", "uri": "/contracts/8ID3woWFhig#managers-authority", "label": "Commercial Exclusive Leasing/Management Agreement", "score": 23.4120464325, "published": true}], "snippet": "Owner agrees to be responsible for the expenses associated with the leasing and management of the Property and hereby gives Manager the authority to:\nA. advertise exclusively Property for rent and to display \u201cfor rent\u201d signs thereon; to sign, renew and cancel leases for Property; to collect rents that become due and give receipts; to terminate tenancies and to sign and serve in the name of the Owner such notices as are appropriate; to \u2587\u2587\u2587 in the name of the Owner and recover rents and other sums due; and when expedient, to settle, compromise, and release such actions or lawsuits or reinstate such tenancies.\nB. make, contract, facilitate and coordinate repairs, alterations, and/or decorations to Property; to purchase supplies and pay bills therefore; Manager agrees to secure the prior approval of the Owner on all expenditures estimated to be in excess of $ for any one item, except monthly or recurring operating charges and/or emergency repairs in excess of the maximum, if in the opinion of the Manager such repairs are necessary to protect the Property from damage or to maintain services to the tenants as called for in their leases.\nC. hire, discharge and supervise all contractors as in Manager\u2019s sole opinion are necessary for the operation and maintenance of Property; agreed that Manager .\nD. make contracts for electricity, gas, fuel, water, telephone, window cleaning, trash or rubbish hauling and other services as Manager shall deem advisable; Owner shall assume the obligations of any contract so entered into prior to the termination of this Agreement.\nE. contract with others, including affiliates of Manager, in-house staff or companies owned by Manager, to perform services including, but not limited to repairs, maintenance, improvements, accounting, data processing, and recordkeeping. Any such arrangement with affiliates or companies owned by Manager will be on terms generally competitive with terms than could reasonably be realized with unaffiliated persons or companies capable of performing the same services. Owner is hereby aware that Manager may deduct these expenses from the monies coming to Manager that are due to Owner.\nF. institute and prosecute legal actions and proceedings in Owner\u2019s name and on behalf of Owner, terminate leases for cause, remove tenants from Property, recover from damage to Property, and for such purposes, Manager may employ attorneys and incur court costs and litigation costs at Owner\u2019s expense for any and all of these things. Manager, at its discretion, is also authorized to settle or compromise any such legal actions or proceedings.", "snippet_links": [{"key": "owner-agrees-to", "type": "clause", "offset": [0, 15]}, {"key": "responsible-for", "type": "clause", "offset": [19, 34]}, {"key": "associated-with", "type": "definition", "offset": [48, 63]}, {"key": "management-of-the-property", "type": "clause", "offset": [80, 106]}, {"key": "authority-to", "type": "clause", "offset": [136, 148]}, {"key": "for-rent", "type": "definition", "offset": [184, 192]}, {"key": "collect-rents", "type": "clause", "offset": [284, 297]}, {"key": "sums-due", "type": "clause", "offset": [496, 504]}, {"key": "pay-bills", "type": "clause", "offset": [739, 748]}, {"key": "to-secure", "type": "clause", "offset": [775, 784]}, {"key": "approval-of-the-owner", "type": "clause", "offset": [795, 816]}, {"key": "operating-charges", "type": "definition", "offset": [914, 931]}, {"key": "emergency-repairs", "type": "clause", "offset": [939, 956]}, {"key": "the-manager", "type": "clause", "offset": [1004, 1015]}, {"key": "to-maintain", "type": "clause", "offset": [1082, 1093]}, {"key": "the-tenants", "type": "definition", "offset": [1106, 1117]}, {"key": "all-contractors", "type": "clause", "offset": [1182, 1197]}, {"key": "necessary-for", "type": "definition", "offset": [1231, 1244]}, {"key": "operation-and-maintenance-of-property", "type": "clause", "offset": [1249, 1286]}, {"key": "agreed-that", "type": "clause", "offset": [1288, 1299]}, {"key": "contracts-for", "type": "clause", "offset": [1318, 1331]}, {"key": "window-cleaning", "type": "clause", "offset": [1374, 1389]}, {"key": "services-as-manager", "type": "clause", "offset": [1426, 1445]}, {"key": "obligations-of", "type": "clause", "offset": [1491, 1505]}, {"key": "entered-into", "type": "clause", "offset": [1522, 1534]}, {"key": "termination-of-this-agreement", "type": "clause", "offset": [1548, 1577]}, {"key": "house-staff", "type": "definition", "offset": [1640, 1651]}, {"key": "by-manager", "type": "clause", "offset": [1671, 1681]}, {"key": "perform-services", "type": "clause", "offset": [1686, 1702]}, {"key": "not-limited", "type": "clause", "offset": [1718, 1729]}, {"key": "data-processing", "type": "clause", "offset": [1781, 1796]}, {"key": "terms-generally", "type": "definition", "offset": [1895, 1910]}, {"key": "with-terms", "type": "clause", "offset": [1923, 1933]}, {"key": "capable-of", "type": "definition", "offset": [2007, 2017]}, {"key": "manager-may", "type": "definition", "offset": [2075, 2086]}, {"key": "to-manager", "type": "definition", "offset": [2132, 2142]}, {"key": "to-owner", "type": "clause", "offset": [2156, 2164]}, {"key": "legal-actions-and-proceedings", "type": "clause", "offset": [2193, 2222]}, {"key": "on-behalf-of", "type": "definition", "offset": [2243, 2255]}, {"key": "for-cause", "type": "clause", "offset": [2280, 2289]}, {"key": "damage-to-property", "type": "clause", "offset": [2334, 2352]}, {"key": "court-costs", "type": "definition", "offset": [2416, 2427]}, {"key": "litigation-costs", "type": "definition", "offset": [2432, 2448]}, {"key": "legal-actions-or-proceedings", "type": "clause", "offset": [2581, 2609]}], "hash": "b37f58f4c6e69c59e39162e410d8d193", "id": 3}, {"size": 10, "samples": [{"hash": "hdqTHaMxOHD", "uri": "/contracts/hdqTHaMxOHD#managers-authority", "label": "Management Services Agreement", "score": 31.3408622742, "published": true}, {"hash": "gn2QJqRFvDa", "uri": "/contracts/gn2QJqRFvDa#managers-authority", "label": "Management Services Agreement (Kimbell Royalty Partners, LP)", "score": 26.1211490631, "published": true}, {"hash": "489QzcTexxK", "uri": "/contracts/489QzcTexxK#managers-authority", "label": "Management Services Agreement (Kimbell Royalty Partners, LP)", "score": 26.1211490631, "published": true}], "snippet": "The Manager shall have the authority to act as agent and attorney-in-fact for the Partnership Group with respect to the Serviced Properties for the following purposes:", "snippet_links": [{"key": "the-manager", "type": "clause", "offset": [0, 11]}, {"key": "agent-and-attorney", "type": "clause", "offset": [47, 65]}, {"key": "partnership-group", "type": "definition", "offset": [82, 99]}, {"key": "with-respect-to", "type": "clause", "offset": [100, 115]}, {"key": "serviced-properties", "type": "definition", "offset": [120, 139]}], "hash": "6f563144f0f82b971a7b80973631d7a2", "id": 4}, {"size": 18, "samples": [{"hash": "2DGJvYN1nX3", "uri": "/contracts/2DGJvYN1nX3#managers-authority", "label": "Property Management Agreement", "score": 32.1284141541, "published": true}, {"hash": "aMO8MHZDmjU", "uri": "/contracts/aMO8MHZDmjU#managers-authority", "label": "Property Management Agreement", "score": 31.4166984558, "published": true}, {"hash": "4rA3wrlLtBZ", "uri": "/contracts/4rA3wrlLtBZ#managers-authority", "label": "Property Management Agreement", "score": 31.1697006226, "published": true}], "snippet": "Manager is authorized to negotiate, prepare and sign all leases, including all renewals and extensions of leases and to cancel and modify existing leases of Owners. To the extent Owner wishes to take this responsibility or wants final approval of such terms, Owner must identify this to Manager, in writing. Leases are to be written on Manager\u2019s standard lease form.", "snippet_links": [{"key": "to-negotiate", "type": "definition", "offset": [22, 34]}, {"key": "renewals-and-extensions", "type": "clause", "offset": [79, 102]}, {"key": "existing-leases", "type": "clause", "offset": [138, 153]}, {"key": "to-the-extent", "type": "clause", "offset": [165, 178]}, {"key": "approval-of", "type": "clause", "offset": [235, 246]}, {"key": "to-manager", "type": "definition", "offset": [284, 294]}, {"key": "in-writing", "type": "definition", "offset": [296, 306]}, {"key": "standard-lease-form", "type": "definition", "offset": [346, 365]}], "hash": "c5cc19f888c3b682d9066235dccd3336", "id": 2}, {"size": 8, "samples": [{"hash": "YvU0LdGqSt", "uri": "/contracts/YvU0LdGqSt#managers-authority", "label": "Management Services Agreement (Apollo Medical Holdings, Inc.)", "score": 21.2696781158, "published": true}, {"hash": "8GcJvpn4cRS", "uri": "/contracts/8GcJvpn4cRS#managers-authority", "label": "Management Services Agreement (Apollo Medical Holdings, Inc.)", "score": 21.2368240356, "published": true}, {"hash": "5OnaDNTaXnH", "uri": "/contracts/5OnaDNTaXnH#managers-authority", "label": "Management Services Agreement (Apollo Medical Holdings, Inc.)", "score": 21.2368240356, "published": true}], "snippet": "Manager shall perform all additional and ancillary services, not otherwise described in this Agreement, that may in Manager\u2019s judgment, after consultation with Group, be reasonable and appropriate in order to meet Manager\u2019s obligations under this Agreement. Manager may subcontract with other persons or entities, including entities related to Manager by common ownership or control, to perform all or any part of the services required of Manager by this Agreement. For purposes of this Agreement, Manager shall have signatory rights on all bank accounts used by Group in the conduct of Group\u2019s Practice, and Manager shall have the right to make deposits to and payments from such accounts as it deems appropriate in furtherance of its obligations hereunder, in accordance with Paragraph 1(e)(ii) (Bank Accounts).", "snippet_links": [{"key": "ancillary-services", "type": "definition", "offset": [41, 59]}, {"key": "in-this-agreement", "type": "definition", "offset": [85, 102]}, {"key": "after-consultation-with", "type": "clause", "offset": [136, 159]}, {"key": "in-order-to", "type": "clause", "offset": [197, 208]}, {"key": "obligations-under-this-agreement", "type": "clause", "offset": [224, 256]}, {"key": "manager-may", "type": "definition", "offset": [258, 269]}, {"key": "other-persons", "type": "clause", "offset": [287, 300]}, {"key": "to-manager", "type": "definition", "offset": [341, 351]}, {"key": "common-ownership-or-control", "type": "definition", "offset": [355, 382]}, {"key": "services-required", "type": "definition", "offset": [418, 435]}, {"key": "by-this-agreement", "type": "clause", "offset": [447, 464]}, {"key": "for-purposes-of-this-agreement", "type": "clause", "offset": [466, 496]}, {"key": "signatory-rights", "type": "clause", "offset": [517, 533]}, {"key": "bank-accounts", "type": "clause", "offset": [541, 554]}, {"key": "by-group", "type": "clause", "offset": [560, 568]}, {"key": "conduct-of", "type": "clause", "offset": [576, 586]}, {"key": "right-to-make", "type": "clause", "offset": [632, 645]}, {"key": "and-payments", "type": "clause", "offset": [658, 670]}, {"key": "in-accordance-with", "type": "definition", "offset": [759, 777]}], "hash": "f13ecddcc76dc2a55b4611ffd04b0099", "id": 5}, {"size": 8, "samples": [{"hash": "8HEyksODcMn", "uri": "/contracts/8HEyksODcMn#managers-authority", "label": "Management Agreement (STWC. Holdings, Inc.)", "score": 29.7693367004, "published": true}, {"hash": "i7Lv0OfP7mI", "uri": "/contracts/i7Lv0OfP7mI#managers-authority", "label": "Master Services Agreement (STWC. Holdings, Inc.)", "score": 29.4626960754, "published": true}], "snippet": "Manager's authority is expressly limited to the provisions provided herein or as may be amended in writing from time to time executed by COPR and mutually agreed to and executed by Manager in writing.", "snippet_links": [{"key": "the-provisions", "type": "clause", "offset": [44, 58]}, {"key": "in-writing", "type": "definition", "offset": [96, 106]}, {"key": "from-time-to-time", "type": "clause", "offset": [107, 124]}, {"key": "executed-by", "type": "definition", "offset": [125, 136]}, {"key": "agreed-to", "type": "definition", "offset": [155, 164]}, {"key": "by-manager", "type": "clause", "offset": [178, 188]}], "hash": "57a2d7fa75036a35989436f6ae98b10a", "id": 6}, {"size": 7, "samples": [{"hash": "4GLd3wRJL2j", "uri": "/contracts/4GLd3wRJL2j#managers-authority", "label": "Property Management Agreement", "score": 35.3361587524, "published": true}, {"hash": "ZMiVmo6cPh", "uri": "/contracts/ZMiVmo6cPh#managers-authority", "label": "Property Management Agreement", "score": 31.7971935272, "published": true}, {"hash": "5taTCJD34MO", "uri": "/contracts/5taTCJD34MO#managers-authority", "label": "Property Management Agreement", "score": 29.8772830963, "published": true}], "snippet": "The Owner authorizes Manager to perform the following property management duties and Owner agrees to assume and pay all fees and expenses related to the Property and as provided for in this Agreement. In consideration for Owner\u2019s agreements, Manager agrees to use professional knowledge and skills and reasonable efforts to fulfill Manager\u2019s obligations under this authority.", "snippet_links": [{"key": "owner-authorizes", "type": "clause", "offset": [4, 20]}, {"key": "management-duties", "type": "definition", "offset": [63, 80]}, {"key": "to-assume", "type": "clause", "offset": [98, 107]}, {"key": "fees-and-expenses", "type": "clause", "offset": [120, 137]}, {"key": "related-to", "type": "definition", "offset": [138, 148]}, {"key": "the-property", "type": "clause", "offset": [149, 161]}, {"key": "in-this-agreement", "type": "definition", "offset": [182, 199]}, {"key": "in-consideration-for", "type": "clause", "offset": [201, 221]}, {"key": "knowledge-and-skills", "type": "clause", "offset": [277, 297]}, {"key": "reasonable-efforts", "type": "definition", "offset": [302, 320]}], "hash": "83c7d603d052c287e2b62a22a978de53", "id": 7}, {"size": 5, "samples": [{"hash": "WOFgzJXkyi", "uri": "/contracts/WOFgzJXkyi#managers-authority", "label": "Management Agreement (RAD Diversified REIT, Inc.)", "score": 29.8295688629, "published": true}, {"hash": "94Vpo0lHSMo", "uri": "/contracts/94Vpo0lHSMo#managers-authority", "label": "Management Agreement (RAD Diversified REIT, Inc.)", "score": 26.327173233, "published": true}, {"hash": "3ku1klrhtbj", "uri": "/contracts/3ku1klrhtbj#managers-authority", "label": "Management Agreement (RAD Diversified REIT, Inc.)", "score": 25.2922649384, "published": true}], "snippet": "RAD hereby grants Manager the authority to make all necessary investment acquisition, investment management, investment rehabilitation, and business decisions in Manager's sole discretion.", "snippet_links": [{"key": "grants-manager", "type": "definition", "offset": [11, 25]}, {"key": "authority-to", "type": "clause", "offset": [30, 42]}, {"key": "investment-acquisition", "type": "clause", "offset": [62, 84]}, {"key": "investment-management", "type": "clause", "offset": [86, 107]}, {"key": "business-decisions", "type": "definition", "offset": [140, 158]}, {"key": "sole-discretion", "type": "definition", "offset": [172, 187]}], "hash": "890a4ce1f69f3dafbc22ab84a7abeccb", "id": 8}, {"size": 5, "samples": [{"hash": "6vYGuJJ0Gq6", "uri": "/contracts/6vYGuJJ0Gq6#managers-authority", "label": "Investment Management Agreement (Pxre Group LTD)", "score": 18.0, "published": true}, {"hash": "g3IsaCpqCSM", "uri": "/contracts/g3IsaCpqCSM#managers-authority", "label": "Investment Management Agreement (Pxre Group LTD)", "score": 16.0, "published": true}, {"hash": "c0CLSJ8e5ur", "uri": "/contracts/c0CLSJ8e5ur#managers-authority", "label": "Investment Management Agreement (Pxre Corp)", "score": 16.0, "published": true}], "snippet": "Subject to the provisions of paragraph 3 and Schedule A of this Agreement, the Manager is authorized by the Client to invest, sell and reinvest the assets of the Account as it deems appropriate. The Manager is not authorized to take physical possession of the assets of the Account; and the Custodian shall have sole responsibility for holding and safekeeping the assets. The Custodian shall make settlement of purchases and sales of such assets upon orders placed by the Manager pursuant to the Custodian's established operating procedures. The Manager shall promptly notify the Custodian in writing of any purchase or sale made for the Account. The Manager shall select brokers and dealers for any purchase or sale of assets of the Account. The Manager may, in the allocation of portfolio brokerage business and the payment of brokerage commissions, consider the brokerage and research services furnished the Manager by brokers and dealers, in accordance with the provisions of Section 28(e) of the Securities Exchange Act of 1934, as amended. The Manager will not be required to take any action, or render any advice, with respect to the voting of any of the securities in the Account and Client agrees to be solely responsible for the voting of any such securities and for any required recordkeeping with respect thereto.", "snippet_links": [{"key": "subject-to-the-provisions", "type": "clause", "offset": [0, 25]}, {"key": "paragraph-3", "type": "clause", "offset": [29, 40]}, {"key": "schedule-a", "type": "definition", "offset": [45, 55]}, {"key": "this-agreement", "type": "clause", "offset": [59, 73]}, {"key": "by-the-client", "type": "clause", "offset": [101, 114]}, {"key": "to-invest", "type": "clause", "offset": [115, 124]}, {"key": "assets-of-the-account", "type": "clause", "offset": [148, 169]}, {"key": "possession-of-the-assets", "type": "clause", "offset": [242, 266]}, {"key": "responsibility-for", "type": "clause", "offset": [317, 335]}, {"key": "purchases-and-sales", "type": "clause", "offset": [411, 430]}, {"key": "by-the-manager", "type": "clause", "offset": [465, 479]}, {"key": "to-the-custodian", "type": "clause", "offset": [489, 505]}, {"key": "operating-procedures", "type": "definition", "offset": [520, 540]}, {"key": "notify-the", "type": "clause", "offset": [569, 579]}, {"key": "in-writing", "type": "definition", "offset": [590, 600]}, {"key": "brokers-and-dealers", "type": "clause", "offset": [672, 691]}, {"key": "purchase-or-sale-of-assets", "type": "clause", "offset": [700, 726]}, {"key": "manager-may", "type": "definition", "offset": [747, 758]}, {"key": "brokerage-business", "type": "definition", "offset": [791, 809]}, {"key": "payment-of", "type": "clause", "offset": [818, 828]}, {"key": "brokerage-commissions", "type": "definition", "offset": [829, 850]}, {"key": "services-furnished", "type": "clause", "offset": [888, 906]}, {"key": "in-accordance-with", "type": "definition", "offset": [943, 961]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [962, 987]}, {"key": "securities-exchange-act-of-1934", "type": "definition", "offset": [1001, 1032]}, {"key": "as-amended", "type": "definition", "offset": [1034, 1044]}, {"key": "any-action", "type": "definition", "offset": [1087, 1097]}, {"key": "with-respect-to", "type": "clause", "offset": [1121, 1136]}, {"key": "the-voting", "type": "clause", "offset": [1137, 1147]}, {"key": "securities-in-the-account", "type": "clause", "offset": [1162, 1187]}, {"key": "to-be-solely-responsible-for", "type": "clause", "offset": [1206, 1234]}, {"key": "required-recordkeeping", "type": "clause", "offset": [1281, 1303]}], "hash": "d03b3c53fbee13256f104aeefec1e596", "id": 9}], "next_curs": "ClsSVWoVc35sYXdpbnNpZGVyY29udHJhY3RzcjcLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhttYW5hZ2Vycy1hdXRob3JpdHkjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["offering-date", "Offering Date"], ["institutional-and-retail-sales", "Institutional and Retail Sales"], ["sales-to-dealers", "Sales to Dealers"], ["release-of-unsold-securities", "Release of Unsold Securities"], ["direct-sales", "Direct Sales"]], "size": 398, "title": "Managers Authority", "parents": [["leasing-and-renting", "Leasing and Renting"], ["management-authority", "Management Authority"], ["additional-provisions", "Additional Provisions"], ["performance-of-managers-services", "Performance of Managers Services"], ["authority-and-responsibilities-of-the-managers", "Authority and Responsibilities of the Managers"]], "id": "managers-authority", "related": [["citys-managers-authority", "City\u2019s Manager\u2019s Authority", "City\u2019s Manager\u2019s Authority"], ["sellers-authority", "Seller\u2019s Authority", "Seller\u2019s Authority"], ["pledgors-authority", "Pledgor\u2019s Authority", "Pledgor\u2019s Authority"], ["arbitrators-authority", "Arbitrator's Authority", "Arbitrator's Authority"], ["securities-and-futures-authority", "SECURITIES AND FUTURES AUTHORITY", "SECURITIES AND FUTURES AUTHORITY"]], "related_snippets": [], "updated": "2026-04-30T06:05:53+00:00", "also_ask": ["What limits or checks should be placed on the manager\u2019s authority to prevent abuse?", "Which decisions require member or board approval versus unilateral manager action?", "How can the clause be drafted to minimize personal liability for the manager?", "What are the key differences in manager authority clauses across jurisdictions or entity types?", "How have courts interpreted ambiguous manager authority provisions in disputes?"], "drafting_tip": "Specify the manager\u2019s decision-making powers to prevent disputes, limit authority to defined areas to mitigate risk, and require reporting obligations to ensure accountability.", "explanation": "The \"Manager\u2019s Authority\" clause defines the scope of powers and decision-making abilities granted to the manager within an organization or under a specific agreement. It typically outlines what actions the manager can take on behalf of the company, such as entering into contracts, managing daily operations, or making financial decisions, often without needing prior approval from other parties. This clause ensures clarity regarding the manager\u2019s role and prevents disputes by explicitly stating the limits and extent of their authority, thereby facilitating efficient management and reducing the risk of unauthorized actions."}, "json": true, "cursor": ""}}