{"component": "clause", "props": {"groups": [{"snippet": "5.1 Subject to the provisions of the Building Management Ordinance, the management of the Land and the Development shall be undertaken by the Manager for an initial period of two (2) years from the date of this Deed and shall continue until terminated as provided under Clause 4.1 of this Deed and each Owner hereby irrevocably APPOINTS the Manager as agent for all Owners in respect of any matter concerning the Common Areas and Facilities duly authorised in accordance with the provisions of this Deed and subject to provisions of the Building Management Ordinance the Manager has the authority to act for and behalf of all Owners in accordance with the provisions of this Deed. In addition to the other powers expressly provided in this Deed, the Manager shall have authority to do all such acts and things as may be necessary or expedient for or in connection with the Land and the Development and the management thereof including in particular but without in any way limiting the generality of the foregoing :-\n(a) To demand, collect and receive all amounts payable by Owners under the provisions of this Deed;\n(i) To manage, maintain and control the common driveways and parking areas on the Land and the Development and to remove any cars, pedal bicycles, skateboards, motorcycles and other vehicles parked in any area not reserved for parking or loading and unloading or any vehicles parked in any Parking Space without the consent of the Owner or lawful occupier of such Parking Space or any vehicle parked in any Accessible Car Parking Space or Visitor Parking Space without payment of charges (if any) therefor and to do all such acts and things as may be necessary to provide unimpeded access thereto by the persons entitled for the time being to the use of such Parking Spaces, Accessible Car Parking Space and Visitor Parking Space;\n(ii) To manage, maintain and control the use of the Accessible Car Parking Space, Visitor Parking Space, the Residential Loading and Unloading Space and the Commercial Loading and Unloading Space and subject to the prior approval of the Owners\u2019 Committee (if already formed) or the Owners\u2019 Corporation (if formed) to fix reasonable charges for the use thereof PROVIDED THAT all income deriving therefrom shall form part of the management funds for the Residential Common Areas and Facilities or the Commercial Common Areas and Facilities (as the case may be);\n(c) Unless otherwise directed by the Owners\u2019 Corporation, to insure and keep insured the Common Areas and Facilities as comprehensively as reasonably possible and in particular to the full new reinstatement value against loss or damage by fire and such other risks as the Manager shall reasonably deem fit, public liability, occupiers\u2019 liability and liability as employer of the employees of the Manager employed within or exclusively in connection with the management of the Development with some reputable insurance company or companies in the name of the Manager for and on behalf of the Owners according to their respective interests and in such sum or sums as the Manager shall deem fit and to pay all premia required to keep such insurance policies in force and, without limiting the generality of the foregoing, if the Manager considers so desirable, to procure block insurance for the Development as a whole and to pay all premia required to keep such insurance policies in force;\n(d) To arrange for refuse collection and disposal from the Common Areas and Facilities and from areas designated as refuse collection points in the Development;\n(e) To keep in good order and repair the lighting of the Common Areas and Facilities;\n(f) To keep the Common Areas and Facilities in a clean and sanitary state and condition;\n(g) To repair, maintain, clean, paint or otherwise treat or decorate as appropriate, those external walls, architectural fixtures and fittings thereof, elevations and fa\u00e7ade forming part of the Common Areas and Facilities but excluding windows and window frames except those situated in the Common Areas and Facilities PROVIDED THAT the Manager shall have the power at the expense of the Owner concerned to replace broken window glass if any such shall be broken and remain unreplaced for one (1) month (except in emergency) after the Manager shall have served a notice on the Owner or occupier of the Unit concerned requiring him to replace the same;\n(h) To choose from time to time the colour and type of fa\u00e7ade of the Development, including that of the Residential Units;\n(i) To keep all the sewers, drains, watercourses and pipes forming part of the Common Areas and Facilities free and clear from obstructions;\n(j) To keep all the Common Areas and Facilities in good condition and working order and to extend or improve existing facilities or provide additional facilities as the Manager shall at its reasonable discretion deem necessary or desirable (PROVIDED THAT except with the prior approval by a resolution of Owners at an Owners\u2019 meeting convened under this Deed, the Manager will not carry out any improvement of existing facilities or services or provision of additional facilities or services which involves expenditure in excess of 10% of the current annual management budget) and to keep the fire fighting equipment in accordance with any laws and regulations applicable thereto and whenever it shall be necessary or convenient so to do at the Manager\u2019s discretion to enter into contracts with third parties for the maintenance of any such facilities;\n(k) To prevent so far as is possible any refuse or other matter being deposited, washed, eroded or falling from the Development onto any part of any public roads or any road-culverts, sewers, drains, nullahs or other Government property and to remove any such matter therefrom and to ensure that no damage is done to any drains, waterways, watercourses, footpaths, sewers, nullahs, pipes, cables, wires, utility services or other works being in, under, over or adjacent to the Land or any part thereof by reason of any maintenance or other works carried out by the Manager as herein provided and to make good any such damage;\n(l) To paint, white-wash, tile or otherwise treat as may be appropriate the exterior of the Development and the Common Areas and Facilities at such intervals as the same may reasonably require to be done;\n(m) To replace any glass in the Common Areas and Facilities that may be broken;\n(n) To keep the Common Areas and Facilities well lighted and in a tidy condition;\n(o) To keep in good order and repair the ventilation of the enclosed part or parts of the Common Areas and Facilities;\n(p) To prevent refuse from being deposited on the Development or any part thereof not designated for refuse collection and to remove all refuse from all parts of the Development and arrange for its disposal at such regular intervals and to maintain either on or off the Development refuse collection facilities to the satisfaction of the Food and Environmental Hygiene Department;\n(q) To prevent unauthorised obstruction of the Common Areas and Facilities and to remove and impound any structure article or thing causing the obstruction;\n(r) To make suitable arrangements for the supply of fresh and flushing water, gas and electricity and any other utility or service to or for the Development or any part thereof;\n(s) To provide and maintain as the Manager deems reasonably necessary security force, watchmen, porters, caretakers, closed circuit T.V. system and burglar alarms and other security measures in the Development at all times;\n(t) Subject to sub-clause (zz) of this Clause, to maintain and operate or contract for the maintenance and operation of the communal radio or television aerials, or cable television system (if any) which serve the Development;\n(u) To remove any structure or installation, signboard, advertisement, sunshade, bracket, fitting, obstruction, device, aerial or any thing in or on the Development or any part thereof which is illegal, unauthorised or which contravenes the terms herein contained or any of the provisions of the Government Grant and to demand and recover from the Owner by whom such structure or other thing as aforesaid was erected or installed the costs and expenses of such removal and the making good of any damages caused thereby to the satisfaction of the Manager;\n(v) To appoint a solicitor or other appropriate legal counsel to advise upon any point which arises in the management of the Development necessitating professional legal advice and with authority to accept service on behalf of all the Owners for the time being of the Land and the Development of all legal proceedings relating to the Land and the Development (except proceedings relating to the rights or obligations of individual Owners) and to commence, conduct, carry on and defend in its own name legal and other proceedings touching or concerning the Land and the Development or the management thereof, and, in particular but without limiting the foregoing, in all proceedings in which the Government shall be a party and at all times within seven (7) days of being requested so to do by the Director of Lands or other competent authority or officer, to appoint a solicitor who shall undertake to accept service on behalf of all such Owners whether for the purpose of Order 10 Rule 1 of the Rules of the High Court (or any provision amending or in substitution for the same) or otherwise;\n(w) To prevent (by legal action if necessary) any person including an Owner from occupying or using any part of the Land and the Development in any manner in contravention of the Government Grant or this Deed;\n(x) To prevent (by legal action if necessary) and to remedy any breach by any Owner or other person occupying or visiting the Development of any provisions of the Government Grant or this Deed;\n(y) To prevent any person detrimentally altering or injuring any part or parts of the Development or any of the Common Areas and Facilities thereof;\n(z) To prevent any person from overloading the floors of the Development or any part or parts thereof;\n(aa) To prevent any person from overloading any of the electrical installations and circuits or any of the mains or wiring in the Development;\n(bb) To have the sole right to represent all the Owners in all matters and dealings with the Government or any statutory body or any utility or other competent authority or any other person whomsoever in any way touching or concerning the Land and the Development as a whole or the Common Areas and Facilities, the Fire Safety Management Plan (including but not limited to all fire services installations required to be installed pursuant to the Fire Safety Management Plan) and the fire safety system of the Development with power to bind all Owners as to any policy adopted or decision reached or action taken in relation to any such dealings;\n(cc) To enter into contracts and to engage, appoint, employ, remunerate and dismiss consultants, other professional property management companies, contractors, agents or sub-managers to perform and carry out management works of the Land and the Development or any part thereof on such terms and conditions as the Manager deems fit, PROVIDED THAT the Manager shall not transfer or assign its rights duties or obligations under this Deed to any such persons and such persons shall remain responsible to the Manager. For the avoidance of doubt and notwithstanding anything contained in this Deed, the Manager shall at all times be responsible for the management and control of the whole Development;\n(dd) To enter into contracts and to engage, employ, remunerate and dismiss solicitors, architects, accountants and other professional advisers and consultants to give advice to the Manager and work on all matters related to the management of the Land and the Development and the performance of the Manager\u2019s powers and duties hereunder and to recruit and employ such workmen, servants, watchmen, caretakers, Club House staff, management staff, clerical staff, accountants, gardeners and other staff and attendants as may from time to time be necessary to enable the Manager to perform any of its powers and duties in accordance with this Deed on such terms as the Manager shall in its reasonable discretion decide and to provide accommodation, uniforms, working clothes, tools, appliances, cleaning and other materials and all equipment necessary therefor;\n(ee) To enforce the due observance and performance by the Owners of the terms and conditions of the Government Grant and this Deed and to take action in respect of any breach thereof including the commencement, conduct and defence of legal proceedings and the registration and enforcement of charges as herein mentioned;\n(ff) To require all Owners or occupiers of the Units to maintain the Units owned or occupied by them in a satisfactory manner;\n(gg) To post the number of the Unit whose Owner or occupant is in default or in breach of the terms and conditions of this Deed together with particulars of the default or breach on the public notice boards of the Development;\n(hh) Subject to the prior written approval of the Owners\u2019 Corporation (if formed) or the Owners by a resolution of the Owners passed at an Owners\u2019 meeting convened under this Deed, to grant or obtain such easements, quasi-easements, rights, privileges and licences as it shall in its absolute discretion consider necessary to ensure the efficient management of the Land and the Development PROVIDED THAT:-\n(i) the exercise of this right shall not contravene the provisions of the Government Grant;\n(ii) the exercise of this right shall not interfere with an Owner\u2019s right to hold, use, occupy and enjoy his Unit or impede or restrict the access to and from his Unit; and\n(iii) any payment received shall be credited to the Special Fund;\n(ii) Subject to the prior written approval of the Owners\u2019 Corporation (if formed) or the Owners by a resolution of the Owners passed at an Owners\u2019 meeting convened under this Deed, to grant rights of way or access or use at any level to the owners or occupiers of any other premises adjoining the Land or to such person and persons and upon such terms and conditions as the Manager may reasonably think fit in respect of the Common Areas and Facilities and on behalf of the Owners to obtain a grant of similar rights in respect of such adjoining premises PROVIDED THAT:-\n(i) the exercise of this right shall not contravene the provisions of the Government Grant;\n(ii) the exercise of this right shall not interfere with an Owner\u2019s right to hold, use, occupy and enjoy his Unit or impede or restrict the access to and from his Unit; and\n(iii) any payment received shall be credited to the Special Fund;\n(jj) Subject to the prior written approval of the Owners\u2019 Corporation (if formed) or the Owners by a resolution of the Owners passed at an Owners\u2019 meeting convened under this Deed, to grant easements and rights of any other kind to the owners and occupiers of adjoining properties to construct, lay, maintain, remove and renew drains, pipes, cables, irrigation pipes, and other installations, fittings, \u2587\u2587\u2587\u2587\u2587\u2587\u2587\u2587, and other equipment and structures within the Land which the Manager shall in its reasonable discretion deem appropriate and on behalf of the Owners to obtain a grant of similar easements and rights from owners or managers of neighbouring land PROVIDED THAT:-\n(i) the exercise of this right shall not contravene the provisions of the Government Grant;\n(ii) the exercise of this right shall not interfere with an Owner\u2019s right to hold, use, occupy and enjoy his Unit or impede or restrict the access to and from his Unit; and\n(iii) any payment received shall be credited to the Special Fund;\n(kk) To deal with all enquiries, complaints, reports and correspondence relating to the Development as a whole;\n(ll) Subject to the written approval of the Owners\u2019 Corporation (if formed) or the Owners by a resolution passed at an Owners\u2019 meeting convened under this Deed, to grant franchises, leases, tenancy agreements and licences to other persons to use such of the Common Areas and Facilities and on such terms and conditions and for such consideration as the Manager shall reasonably think fit PROVIDED THAT:-\n(i) the exercise of this right shall not contravene the provisions of the Government Grant;\n(ii) the exercise of this righ", "size": 5, "samples": [{"hash": "bKAXuHfKbvX", "uri": "/contracts/bKAXuHfKbvX#managers-powers", "label": "Deed of Mutual Covenant and Management Agreement", "score": 24.607118412, "published": true}], "snippet_links": [{"key": "building-management-ordinance", "type": "definition", "offset": [37, 66]}, {"key": "management-of-the-land", "type": "clause", "offset": [72, 94]}, {"key": "by-the-manager", "type": "clause", "offset": [135, 149]}, {"key": "period-of", "type": "definition", "offset": [165, 174]}, {"key": "date-of-this-deed", "type": "definition", "offset": [198, 215]}, {"key": "under-clause", "type": "clause", "offset": [264, 276]}, {"key": "manager-as-agent", "type": "clause", "offset": [341, 357]}, {"key": "in-respect-of", "type": "clause", "offset": [373, 386]}, {"key": "the-common-areas", "type": "clause", "offset": [409, 425]}, {"key": "duly-authorised", "type": "clause", "offset": [441, 456]}, {"key": "in-accordance-with", "type": "definition", "offset": [457, 475]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [476, 498]}, {"key": "authority-to-act", "type": "clause", "offset": [587, 603]}, {"key": "in-addition-to-the", "type": "clause", "offset": [681, 699]}, {"key": "other-powers", "type": "clause", "offset": [700, 712]}, {"key": "in-this-deed", "type": "clause", "offset": [732, 744]}, {"key": "in-connection-with", "type": "clause", "offset": [850, 868]}, {"key": "in-particular", "type": "clause", "offset": [935, 948]}, {"key": "without-in-any-way-limiting", "type": "clause", "offset": [953, 980]}, {"key": "amounts-payable", "type": "definition", "offset": [1055, 1070]}, {"key": "by-owners", "type": "clause", "offset": [1071, 1080]}, {"key": "driveways-and-parking-areas", "type": "clause", "offset": [1163, 1190]}, {"key": "other-vehicles", "type": "definition", "offset": [1292, 1306]}, {"key": "any-area", "type": "definition", "offset": [1317, 1325]}, {"key": "of-the-owner", "type": "clause", "offset": [1440, 1452]}, {"key": "accessible-car-parking-space", "type": "definition", "offset": [1523, 1551]}, {"key": "visitor-parking-space", "type": "definition", "offset": [1555, 1576]}, {"key": "payment-of-charges", "type": "clause", "offset": [1585, 1603]}, {"key": "to-provide", "type": "definition", "offset": [1677, 1687]}, {"key": "unimpeded-access", "type": "clause", "offset": [1688, 1704]}, {"key": "persons-entitled", "type": "clause", "offset": [1720, 1736]}, {"key": "parking-spaces", "type": "clause", "offset": [1775, 1789]}, {"key": "residential-loading-and-unloading-space", "type": "definition", "offset": [1956, 1995]}, {"key": "commercial-loading-and-unloading-space", "type": "definition", "offset": [2004, 2042]}, {"key": "approval-of", "type": "clause", "offset": [2068, 2079]}, {"key": "the-owners", "type": "definition", "offset": [2080, 2090]}, {"key": "charges-for", "type": "clause", "offset": [2179, 2190]}, {"key": "provided-that", "type": "clause", "offset": [2207, 2220]}, {"key": "management-funds", "type": "definition", "offset": [2274, 2290]}, {"key": "residential-common-areas-and-facilities", "type": "definition", "offset": [2299, 2338]}, {"key": "commercial-common-areas-and-facilities", "type": "definition", "offset": [2346, 2384]}, {"key": "the-case", "type": "definition", "offset": [2389, 2397]}, {"key": "to-insure", "type": "clause", "offset": [2465, 2474]}, {"key": "reinstatement-value", "type": "definition", "offset": [2600, 2619]}, {"key": "damage-by-fire", "type": "clause", "offset": [2636, 2650]}, {"key": "other-risks", "type": "definition", "offset": [2660, 2671]}, {"key": "public-liability", "type": "clause", "offset": [2714, 2730]}, {"key": "and-liability", "type": "clause", "offset": [2753, 2766]}, {"key": "employees-of-the-manager", "type": "clause", "offset": [2786, 2810]}, {"key": "management-of-the-development", "type": "clause", "offset": [2865, 2894]}, {"key": "company-or-companies", "type": "definition", "offset": [2925, 2945]}, {"key": "for-and-on-behalf-of", "type": "clause", "offset": [2973, 2993]}, {"key": "according-to", "type": "definition", "offset": [3005, 3017]}, {"key": "respective-interests", "type": "clause", "offset": [3024, 3044]}, {"key": "to-pay", "type": "clause", "offset": [3103, 3109]}, {"key": "insurance-policies", "type": "clause", "offset": [3143, 3161]}, {"key": "in-force", "type": "definition", "offset": [3162, 3170]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [3176, 3224]}, {"key": "insurance-for", "type": "clause", "offset": [3282, 3295]}, {"key": "arrange-for", "type": "clause", "offset": [3403, 3414]}, {"key": "collection-and-disposal", "type": "clause", "offset": [3422, 3445]}, {"key": "collection-points", "type": "definition", "offset": [3519, 3536]}, {"key": "keep-in-good-order-and-repair", "type": "clause", "offset": [3564, 3593]}, {"key": "clean-and-sanitary", "type": "clause", "offset": [3692, 3710]}, {"key": "state-and-condition", "type": "clause", "offset": [3711, 3730]}, {"key": "to-repair", "type": "clause", "offset": [3736, 3745]}, {"key": "external-walls", "type": "definition", "offset": [3823, 3837]}, {"key": "fixtures-and-fittings", "type": "definition", "offset": [3853, 3874]}, {"key": "but-excluding", "type": "clause", "offset": [3954, 3967]}, {"key": "facilities-provided", "type": "clause", "offset": [4040, 4059]}, {"key": "except-in-emergency", "type": "clause", "offset": [4236, 4255]}, {"key": "a-notice", "type": "definition", "offset": [4293, 4301]}, {"key": "replace-the", "type": "clause", "offset": [4366, 4377]}, {"key": "from-time-to-time", "type": "clause", "offset": [4398, 4415]}, {"key": "type-of", "type": "definition", "offset": [4431, 4438]}, {"key": "residential-units", "type": "definition", "offset": [4488, 4505]}, {"key": "free-and-clear", "type": "clause", "offset": [4614, 4628]}, {"key": "in-good-condition", "type": "definition", "offset": [4696, 4713]}, {"key": "working-order", "type": "clause", "offset": [4718, 4731]}, {"key": "to-extend", "type": "clause", "offset": [4736, 4745]}, {"key": "existing-facilities", "type": "clause", "offset": [4757, 4776]}, {"key": "additional-facilities", "type": "clause", "offset": [4788, 4809]}, {"key": "reasonable-discretion", "type": "definition", "offset": [4838, 4859]}, {"key": "approval-by", "type": "clause", "offset": [4925, 4936]}, {"key": "facilities-or-services", "type": "clause", "offset": [5067, 5089]}, {"key": "provision-of", "type": "clause", "offset": [5093, 5105]}, {"key": "the-current", "type": "clause", "offset": [5187, 5198]}, {"key": "management-budget", "type": "definition", "offset": [5206, 5223]}, {"key": "fire-fighting-equipment", "type": "clause", "offset": [5241, 5264]}, {"key": "regulations-applicable", "type": "clause", "offset": [5297, 5319]}, {"key": "contracts-with-third-parties", "type": "clause", "offset": [5428, 5456]}, {"key": "maintenance-of", "type": "clause", "offset": [5465, 5479]}, {"key": "other-matter", "type": "clause", "offset": [5552, 5564]}, {"key": "public-roads", "type": "clause", "offset": [5650, 5662]}, {"key": "other-government-property", "type": "clause", "offset": [5712, 5737]}, {"key": "to-ensure", "type": "clause", "offset": [5782, 5791]}, {"key": "no-damage", "type": "clause", "offset": [5797, 5806]}, {"key": "utility-services", "type": "definition", "offset": [5905, 5921]}, {"key": "other-works", "type": "definition", "offset": [5925, 5936]}, {"key": "adjacent-to", "type": "definition", "offset": [5962, 5973]}, {"key": "works-carried-out", "type": "clause", "offset": [6041, 6058]}, {"key": "make-good", "type": "clause", "offset": [6100, 6109]}, {"key": "parts-of-the", "type": "clause", "offset": [6571, 6583]}, {"key": "regular-intervals", "type": "definition", "offset": [6828, 6845]}, {"key": "to-maintain", "type": "clause", "offset": [6850, 6861]}, {"key": "collection-facilities", "type": "definition", "offset": [6902, 6923]}, {"key": "satisfaction-of", "type": "clause", "offset": [6931, 6946]}, {"key": "gas-and-electricity", "type": "clause", "offset": [7229, 7248]}, {"key": "reasonably-necessary", "type": "clause", "offset": [7378, 7398]}, {"key": "burglar-alarms", "type": "clause", "offset": [7477, 7491]}, {"key": "other-security-measures", "type": "clause", "offset": [7496, 7519]}, {"key": "at-all-times", "type": "definition", "offset": [7539, 7551]}, {"key": "subject-to-sub", "type": "clause", "offset": [7557, 7571]}, {"key": "this-clause", "type": "clause", "offset": [7587, 7598]}, {"key": "maintain-and-operate", "type": "clause", "offset": [7603, 7623]}, {"key": "contract-for", "type": "definition", "offset": [7627, 7639]}, {"key": "operation-of-the", "type": "clause", "offset": [7660, 7676]}, {"key": "cable-television-system", "type": "definition", "offset": [7718, 7741]}, {"key": "government-grant", "type": "definition", "offset": [8076, 8092]}, {"key": "expenses-of", "type": "clause", "offset": [8224, 8235]}, {"key": "making-good", "type": "definition", "offset": [8257, 8268]}, {"key": "to-advise", "type": "definition", "offset": [8397, 8406]}, {"key": "legal-advice", "type": "definition", "offset": [8499, 8511]}, {"key": "authority-to-accept", "type": "clause", "offset": [8521, 8540]}, {"key": "development-of", "type": "clause", "offset": [8616, 8630]}, {"key": "legal-proceedings", "type": "clause", "offset": [8635, 8652]}, {"key": "relating-to", "type": "definition", "offset": [8653, 8664]}, {"key": "obligations-of", "type": "clause", "offset": [8740, 8754]}, {"key": "individual-owners", "type": "definition", "offset": [8755, 8772]}, {"key": "carry-on", "type": "definition", "offset": [8800, 8808]}, {"key": "legal-and-other-proceedings", "type": "clause", "offset": [8836, 8863]}, {"key": "without-limiting-the-foregoing", "type": "clause", "offset": [8966, 8996]}, {"key": "a-party", "type": "clause", "offset": [9050, 9057]}, {"key": "director-of-lands", "type": "definition", "offset": [9132, 9149]}, {"key": "competent-authority", "type": "definition", "offset": [9159, 9178]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [9289, 9307]}, {"key": "rule-1", "type": "definition", "offset": [9317, 9323]}, {"key": "rules-of", "type": "definition", "offset": [9331, 9339]}, {"key": "high-court", "type": "definition", "offset": [9344, 9354]}, {"key": "legal-action", "type": "definition", "offset": [9448, 9460]}, {"key": "any-person", "type": "definition", "offset": [9475, 9485]}, {"key": "an-owner", "type": "clause", "offset": [9496, 9504]}, {"key": "breach-by", "type": "clause", "offset": [9703, 9712]}, {"key": "any-owner", "type": "clause", "offset": [9713, 9722]}, {"key": "electrical-installations", "type": "definition", "offset": [10140, 10164]}, {"key": "right-to-represent", "type": "clause", "offset": [10250, 10268]}, {"key": "any-other-person", "type": "definition", "offset": [10401, 10417]}, {"key": "fire-safety-management-plan", "type": "clause", "offset": [10543, 10570]}, {"key": "not-limited", "type": "clause", "offset": [10586, 10597]}, {"key": "fire-services", "type": "clause", "offset": [10605, 10618]}, {"key": "pursuant-to-the", "type": "clause", "offset": [10658, 10673]}, {"key": "fire-safety-system", "type": "definition", "offset": [10711, 10729]}, {"key": "power-to-bind", "type": "clause", "offset": [10754, 10767]}, {"key": "action-taken", "type": "clause", "offset": [10827, 10839]}, {"key": "in-relation-to", "type": "clause", "offset": [10840, 10854]}, {"key": "other-professional", "type": "definition", "offset": [10971, 10989]}, {"key": "management-companies", "type": "definition", "offset": [10999, 11019]}, {"key": "transfer-or-assign", "type": "clause", "offset": [11242, 11260]}, {"key": "rights-duties", "type": "clause", "offset": [11265, 11278]}, {"key": "responsible-to", "type": "clause", "offset": [11360, 11374]}, {"key": "for-the-avoidance-of-doubt", "type": "clause", "offset": [11388, 11414]}, {"key": "contained-in", "type": "definition", "offset": [11444, 11456]}, {"key": "responsible-for", "type": "clause", "offset": [11502, 11517]}, {"key": "control-of-the", "type": "clause", "offset": [11537, 11551]}, {"key": "professional-advisers", "type": "definition", "offset": [11692, 11713]}, {"key": "work-on", "type": "definition", "offset": [11764, 11771]}, {"key": "related-to", "type": "clause", "offset": [11784, 11794]}, {"key": "the-performance", "type": "clause", "offset": [11846, 11861]}, {"key": "powers-and-duties", "type": "clause", "offset": [11879, 11896]}, {"key": "house-staff", "type": "definition", "offset": [11984, 11995]}, {"key": "management-staff", "type": "definition", "offset": [11997, 12013]}, {"key": "clerical-staff", "type": "clause", "offset": [12015, 12029]}, {"key": "other-staff", "type": "clause", "offset": [12058, 12069]}, {"key": "working-clothes", "type": "clause", "offset": [12325, 12340]}, {"key": "other-materials", "type": "clause", "offset": [12374, 12389]}, {"key": "all-equipment", "type": "clause", "offset": [12394, 12407]}, {"key": "performance-by", "type": "definition", "offset": [12467, 12481]}, {"key": "terms-and-conditions-of-the", "type": "clause", "offset": [12500, 12527]}, {"key": "enforcement-of", "type": "clause", "offset": [12705, 12719]}, {"key": "the-units", "type": "clause", "offset": [12792, 12801]}, {"key": "number-of", "type": "clause", "offset": [12893, 12902]}, {"key": "owner-or-occupant", "type": "definition", "offset": [12918, 12935]}, {"key": "in-default", "type": "clause", "offset": [12939, 12949]}, {"key": "the-terms-and-conditions-of-this", "type": "clause", "offset": [12966, 12998]}, {"key": "default-or-breach", "type": "clause", "offset": [13037, 13054]}, {"key": "notice-boards", "type": "clause", "offset": [13069, 13082]}, {"key": "prior-written-approval", "type": "definition", "offset": [13123, 13145]}, {"key": "absolute-discretion", "type": "definition", "offset": [13387, 13406]}, {"key": "exercise-of", "type": "clause", "offset": [13517, 13528]}, {"key": "right-to-hold", "type": "clause", "offset": [13669, 13682]}, {"key": "access-to", "type": "definition", "offset": [13741, 13750]}, {"key": "payment-received", "type": "clause", "offset": [13784, 13800]}, {"key": "the-special-fund", "type": "clause", "offset": [13822, 13838]}, {"key": "rights-of", "type": "definition", "offset": [14030, 14039]}, {"key": "access-or-use", "type": "clause", "offset": [14047, 14060]}, {"key": "other-premises", "type": "definition", "offset": [14108, 14122]}, {"key": "manager-may", "type": "definition", "offset": [14214, 14225]}, {"key": "reasonably-think", "type": "definition", "offset": [14226, 14242]}, {"key": "grant-of", "type": "definition", "offset": [14333, 14341]}, {"key": "adjoining-premises", "type": "definition", "offset": [14376, 14394]}, {"key": "easements-and-rights", "type": "clause", "offset": [14932, 14952]}, {"key": "adjoining-properties", "type": "definition", "offset": [15002, 15022]}, {"key": "to-construct", "type": "clause", "offset": [15023, 15035]}, {"key": "other-equipment", "type": "definition", "offset": [15159, 15174]}, {"key": "reports-and-correspondence", "type": "clause", "offset": [15791, 15817]}, {"key": "tenancy-agreements", "type": "clause", "offset": [16048, 16066]}, {"key": "other-persons", "type": "clause", "offset": [16083, 16096]}], "hash": "95964a87296ac6f9c10f631ebc1632de", "id": 1}, {"snippet": "The Managers shall be the chief executives of the Company and each, individually, shall have the following powers:\n(a) Select and remove all employees, agents and representatives of the Company, prescribe such powers and duties for them as may be consistent with law, with the Articles of Organization or this Operating Agreement, fix their compensation, and require from them security for faithful service.\n(b) Conduct, manage and control the affairs and business of the Company, and to make such rules and regulations therefor consistent with the law, with the Articles of Organization or this Operating Agreement.\n(c) Change the principal office of this Company from one location to another; to fix and locate from time to time one or more subsidiary offices of the Company; and to designate any place for the holding of any Members' meeting or meetings.\n(d) Borrow money and incur indebtedness for the purpose of the Company, and to cause to be executed and delivered therefor, in the Company name, promissory notes, bonds, and debentures.\n(e) Appoint an executive committee and other committees, and delegate to the executive committee any of the powers and authority of the Manager in the management of the business and affairs of the Company. The Manager, in his discretion, may or may not be a member of an executive committee.", "size": 2, "samples": [{"hash": "6ZKwL7AdR8G", "uri": "/contracts/6ZKwL7AdR8G#managers-powers", "label": "Operating Agreement (Amscan Holdings Inc)", "score": 18.0, "published": true}, {"hash": "67coWRwlqxd", "uri": "/contracts/67coWRwlqxd#managers-powers", "label": "Operating Agreement (Amscan Holdings Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-managers", "type": "clause", "offset": [0, 12]}, {"key": "chief-executives", "type": "definition", "offset": [26, 42]}, {"key": "all-employees", "type": "definition", "offset": [137, 150]}, {"key": "representatives-of-the", "type": "clause", "offset": [163, 185]}, {"key": "powers-and-duties", "type": "clause", "offset": [210, 227]}, {"key": "consistent-with-law", "type": "clause", "offset": [247, 266]}, {"key": "articles-of-organization", "type": "definition", "offset": [277, 301]}, {"key": "operating-agreement", "type": "clause", "offset": [310, 329]}, {"key": "faithful-service", "type": "clause", "offset": [390, 406]}, {"key": "business-of-the-company", "type": "definition", "offset": [456, 479]}, {"key": "rules-and-regulations", "type": "definition", "offset": [498, 519]}, {"key": "the-law", "type": "clause", "offset": [545, 552]}, {"key": "principal-office", "type": "clause", "offset": [632, 648]}, {"key": "this-company", "type": "definition", "offset": [652, 664]}, {"key": "from-time-to-time", "type": "clause", "offset": [713, 730]}, {"key": "borrow-money", "type": "clause", "offset": [862, 874]}, {"key": "incur-indebtedness", "type": "clause", "offset": [879, 897]}, {"key": "purpose-of-the-company", "type": "clause", "offset": [906, 928]}, {"key": "executed-and-delivered", "type": "clause", "offset": [949, 971]}, {"key": "company-name", "type": "clause", "offset": [989, 1001]}, {"key": "promissory-notes", "type": "clause", "offset": [1003, 1019]}, {"key": "executive-committee-and-other-committees", "type": "clause", "offset": [1059, 1099]}, {"key": "the-executive-committee", "type": "definition", "offset": [1117, 1140]}, {"key": "authority-of-the-manager", "type": "clause", "offset": [1163, 1187]}, {"key": "business-and-affairs-of-the-company", "type": "clause", "offset": [1213, 1248]}, {"key": "a-member-of", "type": "clause", "offset": [1300, 1311]}], "hash": "c05e210c500d43bfad56cd1d6e3a77be", "id": 2}, {"snippet": "Except to the extent reserved to the Member in the Certificate of Formation or the Act, the Manager shall have the exclusive right to manage the operations and affairs of the Company, and to make all decisions regarding the business of the Company. Without limiting the generality of the foregoing, each Manager shall have the power and authority, on behalf of the Company:\n5.2.1 To borrow money for the Company from banks or other lending institutions on such terms as the Manager deems appropriate, and in connection therewith, to hypothecate, encumber and grant security interests in the assets of the Company to secure repayment of the borrowed sums;\n5.2.2 To purchase liability and other insurance to protect the Company's property and business;\n5.2.3 To invest any Company funds temporarily (by way of example but not limitation) in time deposits, short-term governmental obligations, commercial paper or other investments;\n5.2.4 To execute on behalf of the Company all instruments and documents, including, without limitation, checks; drafts; notes and other negotiable instruments; mortgages or deeds of trust; security agreements; financing statements; documents providing for the acquisition, mortgage or disposition of the Company's property; assignments; bills of sale; leases; partnership agreements; operating agreements of other limited liability companies; and any other instruments or documents that are, in the opinion of a Manager, necessary to the ordinary conduct of the business of the Company;\n5.2.5 To appoint Officers of the Company, pursuant to Section 5.5 hereof, and to employ agents and employees of the Company in connection with the business and purposes of the Company, including without limitation, the engagement of the auditors of the Company and legal counsel and to pay to such Officers, agents and employees reasonable compensation for services rendered to the Company;\n5.2.6 To select depreciation and accounting methods and make other decisions with respect to the treatment of various transactions for federal income tax purposes;\n5.2.7 To make distributions to the Member in accordance with this Agreement;\n5.2.8 To delegate the Manager's authority to qualified Persons; and\n5.2.9 To establish such business strategies, reserves and other practices and to make such business decisions as the Manager in his sole discretion deems advisable for the", "size": 2, "samples": [{"hash": "9REsjiIMkHg", "uri": "/contracts/9REsjiIMkHg#managers-powers", "label": "Limited Liability Company Agreement (Wci Communities Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "except-to-the-extent", "type": "clause", "offset": [0, 20]}, {"key": "the-certificate-of-formation", "type": "clause", "offset": [47, 75]}, {"key": "the-act", "type": "clause", "offset": [79, 86]}, {"key": "the-manager", "type": "definition", "offset": [88, 99]}, {"key": "exclusive-right-to-manage", "type": "clause", "offset": [115, 140]}, {"key": "the-operations", "type": "clause", "offset": [141, 155]}, {"key": "affairs-of-the-company", "type": "clause", "offset": [160, 182]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [249, 297]}, {"key": "power-and-authority", "type": "clause", "offset": [327, 346]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [351, 372]}, {"key": "borrow-money", "type": "clause", "offset": [383, 395]}, {"key": "for-the-company", "type": "clause", "offset": [396, 411]}, {"key": "lending-institutions", "type": "clause", "offset": [432, 452]}, {"key": "and-in-connection-therewith", "type": "clause", "offset": [501, 528]}, {"key": "security-interests", "type": "clause", "offset": [565, 583]}, {"key": "assets-of-the-company", "type": "definition", "offset": [591, 612]}, {"key": "to-secure", "type": "clause", "offset": [613, 622]}, {"key": "repayment-of", "type": "clause", "offset": [623, 635]}, {"key": "liability-and-other-insurance", "type": "clause", "offset": [673, 702]}, {"key": "to-invest", "type": "clause", "offset": [757, 766]}, {"key": "company-funds", "type": "clause", "offset": [771, 784]}, {"key": "time-deposits", "type": "definition", "offset": [839, 852]}, {"key": "governmental-obligations", "type": "definition", "offset": [865, 889]}, {"key": "commercial-paper", "type": "definition", "offset": [891, 907]}, {"key": "other-investments", "type": "clause", "offset": [911, 928]}, {"key": "instruments-and-documents", "type": "clause", "offset": [976, 1001]}, {"key": "negotiable-instruments", "type": "definition", "offset": [1066, 1088]}, {"key": "mortgages-or-deeds-of-trust", "type": "clause", "offset": [1090, 1117]}, {"key": "security-agreements", "type": "definition", "offset": [1119, 1138]}, {"key": "financing-statements", "type": "clause", "offset": [1140, 1160]}, {"key": "the-acquisition", "type": "clause", "offset": [1186, 1201]}, {"key": "disposition-of", "type": "clause", "offset": [1215, 1229]}, {"key": "bills-of-sale", "type": "clause", "offset": [1267, 1280]}, {"key": "partnership-agreements", "type": "definition", "offset": [1290, 1312]}, {"key": "operating-agreements", "type": "definition", "offset": [1314, 1334]}, {"key": "limited-liability-companies", "type": "definition", "offset": [1344, 1371]}, {"key": "other-instruments-or-documents", "type": "clause", "offset": [1381, 1411]}, {"key": "conduct-of-the-business-of-the-company", "type": "clause", "offset": [1477, 1515]}, {"key": "officers-of-the-company", "type": "clause", "offset": [1534, 1557]}, {"key": "section-55", "type": "clause", "offset": [1571, 1582]}, {"key": "in-connection-with", "type": "clause", "offset": [1641, 1659]}, {"key": "purposes-of-the-company", "type": "clause", "offset": [1677, 1700]}, {"key": "including-without-limitation", "type": "clause", "offset": [1702, 1730]}, {"key": "engagement-of", "type": "clause", "offset": [1736, 1749]}, {"key": "auditors-of-the-company", "type": "definition", "offset": [1754, 1777]}, {"key": "legal-counsel", "type": "definition", "offset": [1782, 1795]}, {"key": "pay-to", "type": "definition", "offset": [1803, 1809]}, {"key": "such-officers", "type": "definition", "offset": [1810, 1823]}, {"key": "compensation-for-services-rendered", "type": "clause", "offset": [1857, 1891]}, {"key": "to-the-company", "type": "clause", "offset": [1892, 1906]}, {"key": "accounting-methods", "type": "definition", "offset": [1941, 1959]}, {"key": "other-decisions", "type": "clause", "offset": [1969, 1984]}, {"key": "with-respect-to", "type": "clause", "offset": [1985, 2000]}, {"key": "treatment-of", "type": "clause", "offset": [2005, 2017]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [2043, 2070]}, {"key": "distributions-to-the-member", "type": "clause", "offset": [2086, 2113]}, {"key": "in-accordance-with", "type": "definition", "offset": [2114, 2132]}, {"key": "this-agreement", "type": "clause", "offset": [2133, 2147]}, {"key": "to-delegate", "type": "clause", "offset": [2155, 2166]}, {"key": "authority-to", "type": "clause", "offset": [2181, 2193]}, {"key": "qualified-persons", "type": "definition", "offset": [2194, 2211]}, {"key": "to-establish", "type": "clause", "offset": [2223, 2235]}, {"key": "business-strategies", "type": "clause", "offset": [2241, 2260]}, {"key": "other-practices", "type": "clause", "offset": [2275, 2290]}, {"key": "business-decisions", "type": "definition", "offset": [2308, 2326]}, {"key": "sole-discretion", "type": "clause", "offset": [2349, 2364]}], "hash": "8cb3590d47f39754407f6d90e4793225", "id": 3}, {"snippet": "The Manager shall be the chief executive of the Company. The Manager shall have the following powers and addition to such other powers as may be required to engage in the purpose of the Company as set forth in Article II:\n6.03.1 To select and remove all employees, agents and representatives of the Company, prescribe such powers and duties for them as may be consistent with law, with the Company's Articles of Organization or this Operating Agreement, fix their compensation, and require from them security for faithful service.\n6.03.2 To conduct, manage and control the affairs and business of the Company, and to make such rules and regulations therefor consistent with the law, with the Company's Articles of Organization or this Operating Agreement.\n6.03.3 To change the principal office of this Company from one location to another within Nevada; to fix and locate from time to time one or more subsidiary offices of the Company; and to designate any place within or without the State of Nevada for the holding of any Members' meeting or meetings.\n6.03.4 To borrow money and incur indebtedness for the purpose of the Company, and to cause to be executed and delivered therefor, in the Company name, promissory notes, bonds, and debentures.\n6.03.5 To appoint an executive committee and other committees, and to delegate to the executive committee any of the powers and authority of the Manager in the management of the business and affairs of the Company. The Manager, in their discretion, may or may not be a member of an executive committee.", "size": 2, "samples": [{"hash": "hisoKSmtpAe", "uri": "/contracts/hisoKSmtpAe#managers-powers", "label": "Operating Agreement (HGI - Lakeside)", "score": 19.0, "published": true}], "snippet_links": [{"key": "the-chief-executive", "type": "clause", "offset": [21, 40]}, {"key": "other-powers", "type": "clause", "offset": [122, 134]}, {"key": "purpose-of-the-company", "type": "clause", "offset": [171, 193]}, {"key": "article-ii", "type": "definition", "offset": [210, 220]}, {"key": "all-employees", "type": "definition", "offset": [250, 263]}, {"key": "representatives-of-the", "type": "clause", "offset": [276, 298]}, {"key": "powers-and-duties", "type": "clause", "offset": [323, 340]}, {"key": "consistent-with-law", "type": "clause", "offset": [360, 379]}, {"key": "articles-of-organization", "type": "definition", "offset": [400, 424]}, {"key": "operating-agreement", "type": "clause", "offset": [433, 452]}, {"key": "faithful-service", "type": "clause", "offset": [513, 529]}, {"key": "business-of-the-company", "type": "definition", "offset": [585, 608]}, {"key": "rules-and-regulations", "type": "definition", "offset": [627, 648]}, {"key": "the-law", "type": "clause", "offset": [674, 681]}, {"key": "principal-office", "type": "clause", "offset": [777, 793]}, {"key": "this-company", "type": "definition", "offset": [797, 809]}, {"key": "from-time-to-time", "type": "clause", "offset": [872, 889]}, {"key": "state-of-nevada", "type": "definition", "offset": [986, 1001]}, {"key": "borrow-money", "type": "clause", "offset": [1065, 1077]}, {"key": "incur-indebtedness", "type": "clause", "offset": [1082, 1100]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [1101, 1119]}, {"key": "executed-and-delivered", "type": "clause", "offset": [1152, 1174]}, {"key": "company-name", "type": "clause", "offset": [1192, 1204]}, {"key": "promissory-notes", "type": "clause", "offset": [1206, 1222]}, {"key": "executive-committee-and-other-committees", "type": "clause", "offset": [1268, 1308]}, {"key": "to-delegate", "type": "clause", "offset": [1314, 1325]}, {"key": "the-executive-committee", "type": "definition", "offset": [1329, 1352]}, {"key": "authority-of-the-manager", "type": "clause", "offset": [1375, 1399]}, {"key": "business-and-affairs-of-the-company", "type": "clause", "offset": [1425, 1460]}, {"key": "a-member-of", "type": "clause", "offset": [1514, 1525]}], "hash": "2e2ef5f47746ed8e4a437c368e564cf3", "id": 4}, {"snippet": "Subject to the Members\u2019 approval of the matters set forth in Section 6.6 below, the Manager has the exclusive right, power and duty, acting alone, to manage the business and affairs of the Company, with all powers necessary, advisable or convenient to that end. The powers and duties of the Manager include, but are not limited to, the following:\n6.5.1 To establish and maintain operating bank accounts and reserves with any bank for such purposes and in such amounts as the Manager deems appropriate from time-to-time and in his discretion to designate persons to have signature authority on such accounts;\n6.5.2 To employ or engage on behalf of the Company such Persons as in the Manager\u2019s exclusive discretion or judgment may be deemed advisable for the proper operation of the business of the Company;\n6.5.3 To make, execute, acknowledge and deliver such certificates, instruments and documents as may be required by, or may be appropriate under, in connection with the conduct of business by the Company;\n6.5.4 To extend the Class 1 Offering, to accept funds from subscribing investors as Capital Contributions to the Company, to issue Class 1 Membership in the Company to such subscribing investors in connection therewith and accept such Persons as Members (and to rescind any such admittances as the Manager deems necessary to comply with applicable securities or other laws, or if it is in the best interest of the Company), to enter into, execute, acknowledge and deliver all agreements, documents and instruments in connection therewith which the Manager deems necessary to effectuate the Class 1 Offering, and to take any and all other actions in connection therewith as the Manager deems necessary or appropriate;\n6.5.5 To extend the Class 2 Offering, to accept funds from Existing Members and/or new subscribing investors as Capital Contributions to the Company, to issue Class 2 Membership in the Company to such subscribing investors in connection therewith and accept such Persons as Members (and to rescind any such admittances as the Manager deems necessary to comply with applicable securities or other laws, or if it is in the best interest of the Company), and to redeem the Membership Interests of certain Existing Members as they may so select, to enter into, execute, acknowledge and deliver all agreements, documents and instruments in connection therewith which the Manager deems necessary to effectuate the Class 2 Offering, and to take any and all other actions in connection therewith as the Manager deems necessary or appropriate;\n6.5.6 To enter into, execute, acknowledge and deliver all agreements, documents and instruments, and to take any and all other actions, which the Manager deems necessary or appropriate to consummate and/or evidence the Company\u2019s investment in Tolleson Hospitality (including, but not limited to, the execution of any\n6.5.7 To enter into, execute, acknowledge and deliver all agreements, documents and instruments, and to take any and all other actions, which the Manager deems necessary or appropriate to consummate and/or evidence the Company\u2019s investment in Avondale Holdings (including, but not limited to, the execution of a contribution agreement, an operating agreement for Avondale Holdings, an assignment of membership interest in Avondale Hospitality, and any requisite consents, and the delivery of Company assets to Avondale Holdings as the Company\u2019s capital contribution therein);\n6.5.8 To approve any matter submitted by Tolleson Hospitality and/or Avondale Holdings to the Company for decision, including, but not limited to, (i) any proposed sale or other disposition of Tolleson Hospitality\u2019s interest in Tolleson Owner, and/or Tolleson Owner\u2019s ownership interest in the Tolleson Property (in each case, whether in whole or in part), and/or (ii) any proposed acquisition or refinance of debt secured by the Tolleson Property (or any portion thereof) or any other assets of Tolleson Hospitality and/or Tolleson Owner; and\n6.5.9 In addition to the specific rights and powers herein granted, to engage in any activities necessary or incidental to the accomplishment of any of the purposes and business which the Company was formed to conduct.", "size": 2, "samples": [{"hash": "98P2JTYfHJm", "uri": "/contracts/98P2JTYfHJm#managers-powers", "label": "Operating Agreement", "score": 25.3107460643, "published": true}], "snippet_links": [{"key": "to-the-members", "type": "clause", "offset": [8, 22]}, {"key": "approval-of", "type": "clause", "offset": [24, 35]}, {"key": "section-66", "type": "clause", "offset": [61, 72]}, {"key": "exclusive-right", "type": "clause", "offset": [100, 115]}, {"key": "business-and-affairs-of-the-company", "type": "clause", "offset": [161, 196]}, {"key": "powers-and-duties-of-the-manager", "type": "clause", "offset": [266, 298]}, {"key": "not-limited", "type": "clause", "offset": [316, 327]}, {"key": "establish-and-maintain", "type": "clause", "offset": [356, 378]}, {"key": "accounts-and-reserves", "type": "clause", "offset": [394, 415]}, {"key": "signature-authority", "type": "definition", "offset": [570, 589]}, {"key": "to-employ", "type": "clause", "offset": [614, 623]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [637, 658]}, {"key": "exclusive-discretion", "type": "clause", "offset": [692, 712]}, {"key": "operation-of-the-business-of-the-company", "type": "clause", "offset": [764, 804]}, {"key": "instruments-and-documents", "type": "clause", "offset": [873, 898]}, {"key": "required-by", "type": "definition", "offset": [909, 920]}, {"key": "in-connection-with", "type": "clause", "offset": [951, 969]}, {"key": "conduct-of-business-by-the-company", "type": "clause", "offset": [974, 1008]}, {"key": "to-extend", "type": "clause", "offset": [1016, 1025]}, {"key": "class-1", "type": "clause", "offset": [1030, 1037]}, {"key": "capital-contributions-to-the-company", "type": "clause", "offset": [1094, 1130]}, {"key": "to-issue", "type": "clause", "offset": [1132, 1140]}, {"key": "applicable-securities", "type": "definition", "offset": [1347, 1368]}, {"key": "other-laws", "type": "definition", "offset": [1372, 1382]}, {"key": "best-interest", "type": "definition", "offset": [1403, 1416]}, {"key": "to-enter", "type": "definition", "offset": [1434, 1442]}, {"key": "all-agreements", "type": "clause", "offset": [1482, 1496]}, {"key": "documents-and-instruments", "type": "clause", "offset": [1498, 1523]}, {"key": "all-other-actions", "type": "clause", "offset": [1638, 1655]}, {"key": "class-2", "type": "clause", "offset": [1747, 1754]}, {"key": "existing-members", "type": "clause", "offset": [1786, 1802]}, {"key": "the-membership-interests", "type": "clause", "offset": [2193, 2217]}, {"key": "the-execution", "type": "clause", "offset": [2858, 2871]}, {"key": "contribution-agreement", "type": "definition", "offset": [3191, 3213]}, {"key": "agreement-for", "type": "clause", "offset": [3228, 3241]}, {"key": "assignment-of-membership-interest", "type": "clause", "offset": [3264, 3297]}, {"key": "requisite-consents", "type": "definition", "offset": [3331, 3349]}, {"key": "delivery-of", "type": "clause", "offset": [3359, 3370]}, {"key": "company-assets", "type": "definition", "offset": [3371, 3385]}, {"key": "to-approve", "type": "clause", "offset": [3461, 3471]}, {"key": "submitted-by", "type": "definition", "offset": [3483, 3495]}, {"key": "disposition-of", "type": "clause", "offset": [3633, 3647]}, {"key": "ownership-interest", "type": "definition", "offset": [3723, 3741]}, {"key": "each-case", "type": "definition", "offset": [3771, 3780]}, {"key": "proposed-acquisition", "type": "clause", "offset": [3828, 3848]}, {"key": "debt-secured", "type": "clause", "offset": [3865, 3877]}, {"key": "other-assets", "type": "definition", "offset": [3935, 3947]}, {"key": "in-addition-to-the", "type": "clause", "offset": [4005, 4023]}, {"key": "specific-rights-and-powers", "type": "clause", "offset": [4024, 4050]}, {"key": "engage-in-any", "type": "definition", "offset": [4070, 4083]}, {"key": "incidental-to", "type": "definition", "offset": [4108, 4121]}, {"key": "purposes-and-business", "type": "clause", "offset": [4155, 4176]}], "hash": "3ce41b3d4d88706b14ccc9559690b512", "id": 5}, {"snippet": "16 SECTION D. BANK ACCOUNTS..................................16", "size": 1, "samples": [{"hash": "36e4mYnzdZp", "uri": "/contracts/36e4mYnzdZp#managers-powers", "label": "Master Agreement (Paul Son Gaming Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "bank-accounts", "type": "definition", "offset": [14, 27]}], "hash": "51c15e9df764c8dcc1bdf3aacc4f902c", "id": 6}, {"snippet": "Subject to the Members' approval of the major Decisions as provided in paragraph 5.2 below, the Manager shall have the exclusive right, power and duty to manage the business and affairs of the Company, with all powers necessary, advisable or convenient to that end. The powers and duties of the Manager shall include, but are not limited to, the following:\n5.1.a. To execute all documents and do all things necessary to acquire the Property, or to execute any other documents required in connection with the acquisition, maintenance, development, operation or sale of the Property or reasonable or necessary in connection with the Company business;\n5.1.b. To enter into a construction loan for the Company for $6,232,000 bearing interest at L.I.B.O.R plus 240 basis points or the prime rate plus one-half percent (l/2%)from Guaranty Federal Bank with a five (5) year term consisting of one (1) two (2) year period of interest-only and three (3) one (1) year extension options thereafter with amortization of principal to commence after the first two (2) years; the Manager is hereby authorized to execute such promissory notes, security agreements and other loan documentation as necessary to consummate the foregoing loan.\n5.1.c. To employ or engage on behalf of the Company such Persons, as in the Manager's exclusive discretion or judgment may be deemed advisable for the proper operation of the business of the Company, upon such terms and for such compensation as the Manager shall determine, provided that such compensation paid by the Company shall not exceed the cost of obtaining similar services from third parties;\n5.1.d. To make, execute, acknowledge and deliver such certificates, instruments and documents as may be required by, or may be appropriate under, the laws of the State of Arizona in connection with the conduct of business by the Company;\n5.1.e. To enter into such contracts and execute, acknowledge and deliver all instruments in connection therewith which the Manager deems necessary to effectuate the powers set forth herein and to take all such action in connection therewith as the Manager deems necessary or appropriate;\n5.1.f. To establish and maintain operating bank accounts and reserves for such purposes and in such amounts as the Manager deems appropriate from time-to-time and in their discretion designate persons to have signature authority on such accounts;\n5.1.g. In addition to the specific rights and powers herein granted, to engage in any activities necessary or incidental to the accomplishment of any of the purposes and business which the Company was formed to conduct;\n5.1.h. To protect and preserve the title and interest of the Company with respect to the 9 Property and other assets now or hereafter owned by the Company;\n5.1.i. To pay from the funds of the Company, before delinquency and prior to the addition thereto of interest or penalties, all taxes, assessments, rents and other impositions applicable to the Property and other assets now or hereafter owned by the Company and undertake, when approved by the Members holding at least two-thirds (2/3) of the Units, any action or proceeding seeking to reduce such taxes, assessments, terms or other impositions;\n5.1.j. To retain or employ and coordinate the services of all contractors, approved architects, engineers, accountants, attorneys and other professional persons in connection with the construction of buildings and other improvements;\n5.1.k. To maintain all funds of the Company in an interest-bearing account or accounts established by the Manager with a bank or banks chartered in the United States as may from time to time be selected by the Manager;\n5.1.1. When permitted or required by this Agreement or otherwise approved by the Members, to make distributions periodically to the Members in accordance with the provisions of this Agreement,", "size": 1, "samples": [{"hash": "K6tVpr114k", "uri": "/contracts/K6tVpr114k#managers-powers", "label": "Operating Agreement (Cerprobe Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "to-the-members", "type": "clause", "offset": [8, 22]}, {"key": "approval-of", "type": "clause", "offset": [24, 35]}, {"key": "major-decisions", "type": "clause", "offset": [40, 55]}, {"key": "exclusive-right", "type": "clause", "offset": [119, 134]}, {"key": "business-and-affairs-of-the-company", "type": "clause", "offset": [165, 200]}, {"key": "powers-and-duties-of-the-manager", "type": "clause", "offset": [270, 302]}, {"key": "not-limited", "type": "clause", "offset": [326, 337]}, {"key": "all-documents", "type": "definition", "offset": [375, 388]}, {"key": "all-things-necessary", "type": "clause", "offset": [396, 416]}, {"key": "to-acquire", "type": "definition", "offset": [417, 427]}, {"key": "other-documents-required", "type": "clause", "offset": [460, 484]}, {"key": "in-connection-with", "type": "clause", "offset": [485, 503]}, {"key": "the-acquisition", "type": "clause", "offset": [504, 519]}, {"key": "sale-of-the-property", "type": "clause", "offset": [560, 580]}, {"key": "company-business", "type": "clause", "offset": [631, 647]}, {"key": "to-enter", "type": "definition", "offset": [656, 664]}, {"key": "construction-loan", "type": "definition", "offset": [672, 689]}, {"key": "for-the-company", "type": "clause", "offset": [690, 705]}, {"key": "basis-points", "type": "clause", "offset": [760, 772]}, {"key": "the-prime-rate", "type": "definition", "offset": [776, 790]}, {"key": "federal-bank", "type": "definition", "offset": [833, 845]}, {"key": "period-of", "type": "definition", "offset": [907, 916]}, {"key": "extension-options", "type": "definition", "offset": [958, 975]}, {"key": "amortization-of-principal", "type": "clause", "offset": [992, 1017]}, {"key": "promissory-notes", "type": "clause", "offset": [1110, 1126]}, {"key": "security-agreements", "type": "definition", "offset": [1128, 1147]}, {"key": "loan-documentation", "type": "definition", "offset": [1158, 1176]}, {"key": "the-foregoing", "type": "definition", "offset": [1204, 1217]}, {"key": "to-employ", "type": "clause", "offset": [1231, 1240]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [1254, 1275]}, {"key": "exclusive-discretion", "type": "clause", "offset": [1310, 1330]}, {"key": "operation-of-the-business-of-the-company", "type": "clause", "offset": [1382, 1422]}, {"key": "terms-and", "type": "clause", "offset": [1434, 1443]}, {"key": "provided-that", "type": "clause", "offset": [1498, 1511]}, {"key": "the-company-shall", "type": "clause", "offset": [1538, 1555]}, {"key": "cost-of", "type": "definition", "offset": [1571, 1578]}, {"key": "similar-services", "type": "clause", "offset": [1589, 1605]}, {"key": "from-third-parties", "type": "clause", "offset": [1606, 1624]}, {"key": "instruments-and-documents", "type": "clause", "offset": [1694, 1719]}, {"key": "required-by", "type": "definition", "offset": [1730, 1741]}, {"key": "the-laws", "type": "definition", "offset": [1772, 1780]}, {"key": "state-of-arizona", "type": "clause", "offset": [1788, 1804]}, {"key": "conduct-of-business-by-the-company", "type": "clause", "offset": [1828, 1862]}, {"key": "all-instruments", "type": "clause", "offset": [1937, 1952]}, {"key": "establish-and-maintain", "type": "clause", "offset": [2162, 2184]}, {"key": "accounts-and-reserves", "type": "clause", "offset": [2200, 2221]}, {"key": "signature-authority", "type": "definition", "offset": [2361, 2380]}, {"key": "in-addition-to-the", "type": "clause", "offset": [2406, 2424]}, {"key": "specific-rights-and-powers", "type": "clause", "offset": [2425, 2451]}, {"key": "engage-in-any", "type": "definition", "offset": [2471, 2484]}, {"key": "incidental-to", "type": "definition", "offset": [2509, 2522]}, {"key": "purposes-and-business", "type": "clause", "offset": [2556, 2577]}, {"key": "title-and-interest", "type": "clause", "offset": [2654, 2672]}, {"key": "with-respect-to", "type": "clause", "offset": [2688, 2703]}, {"key": "other-assets", "type": "definition", "offset": [2723, 2735]}, {"key": "owned-by", "type": "definition", "offset": [2753, 2761]}, {"key": "to-pay", "type": "clause", "offset": [2782, 2788]}, {"key": "the-funds", "type": "clause", "offset": [2794, 2803]}, {"key": "prior-to-the", "type": "clause", "offset": [2843, 2855]}, {"key": "addition-thereto", "type": "definition", "offset": [2856, 2872]}, {"key": "all-taxes", "type": "clause", "offset": [2899, 2908]}, {"key": "other-impositions", "type": "clause", "offset": [2933, 2950]}, {"key": "applicable-to", "type": "clause", "offset": [2951, 2964]}, {"key": "members-holding", "type": "clause", "offset": [3069, 3084]}, {"key": "the-units", "type": "clause", "offset": [3114, 3123]}, {"key": "action-or-proceeding", "type": "clause", "offset": [3129, 3149]}, {"key": "the-services", "type": "definition", "offset": [3263, 3275]}, {"key": "all-contractors", "type": "clause", "offset": [3279, 3294]}, {"key": "professional-persons", "type": "definition", "offset": [3361, 3381]}, {"key": "buildings-and-other-improvements", "type": "clause", "offset": [3421, 3453]}, {"key": "to-maintain", "type": "clause", "offset": [3462, 3473]}, {"key": "all-funds", "type": "clause", "offset": [3474, 3483]}, {"key": "company-in", "type": "clause", "offset": [3491, 3501]}, {"key": "an-interest", "type": "clause", "offset": [3502, 3513]}, {"key": "accounts-established", "type": "clause", "offset": [3533, 3553]}, {"key": "by-the-manager", "type": "clause", "offset": [3554, 3568]}, {"key": "a-bank", "type": "clause", "offset": [3574, 3580]}, {"key": "in-the-united-states", "type": "clause", "offset": [3600, 3620]}, {"key": "from-time-to-time", "type": "clause", "offset": [3628, 3645]}, {"key": "when-permitted", "type": "clause", "offset": [3681, 3695]}, {"key": "agreement-or", "type": "definition", "offset": [3716, 3728]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [3814, 3865]}], "hash": "a37455c6529bc73f25bae91af019c35c", "id": 7}, {"snippet": "In addition to any other rights and powers which the Managers may possess under this Agreement and the Act, the Managers shall, except as otherwise provided herein, have all specific rights and powers required or appropriate to their management of the Company business which, by way of illustration but not by way of limitation, may include the following rights and powers:\n(a) To cause the Company to engage in any activity and to execute, perform, and carry out contracts or agreements of any kind necessary or incidental to the accomplishment of any Company purposes and the business that may be lawfully carried on or performed by a limited liability company under the laws of the State of Georgia;\n(b) To cause the Company to acquire by purchase, lease, exchange, or otherwise any Company asset or any property incidental to the purposes of the Company;\n(c) To cause the Company to grant options, licenses, and other rights with respect to any Company asset and enter into agreements with respect to the use or operation of any Company asset;\n(d) To cause the Company to borrow money and issue promissory notes and other evidence of indebtedness on behalf of the Company for any Company purpose, to secure the indebtedness by a mortgage, deed of trust, contract, pledge, or other encumbrance or lien on all or any Company assets, and to execute, on behalf of the Company, any notes or other evidence of indebtedness, mortgage, deed of trust, contract, pledge, or other encumbrance or lien;\n(e) To cause the Company to pay, prepay, refinance, increase, modify, or extend, in whole or in part, any indebtedness affecting Company property and to execute any extensions or renewals of indebtedness on Company assets;\n(f) To cause the Company to acquire and enter into any contract of insurance deemed necessary or appropriate for the protection of the Company or its assets or for any other purpose convenient or beneficial to the Company;\n(g) To cause the Company to employ agents, employees, managers, consultants, accountants, attorneys, and other Persons necessary or appropriate to carry out the business and operations of the Company, and to pay fees, expenses, salaries, wages, and other compensation to these Persons;\n(h) To cause the Company to make or seek revocation of any of the elections referred to in the I.R.C.;\n(i) To invest and reinvest, on behalf of the Company, Company funds;\n(j) To place record title to, or the right to use, Company assets in the name or names of a nominee or nominees or trustee or trustees for any purpose convenient or beneficial to the Company for the benefit of the Company;\n(k) To establish and maintain reserves for purposes and in amounts as deemed appropriate from time to time;\n(l) To file actions, claims, petitions, and pleadings on behalf of the Company in any state or federal court, including in bankruptcy court;\n(m) To amend APPENDIX TWO from time to time to the extent necessary to ------------ reflect accurately, the information contained therein; and\n(n) To engage in any kind of lawful activity, and perform and carry out contracts of any kind, necessary or advisable in connection with the accomplishment of the purposes of the Company.", "size": 1, "samples": [{"hash": "zSTB13ZgZV", "uri": "/contracts/zSTB13ZgZV#managers-powers", "label": "Operating Agreement (Nanopierce Technologies Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-addition-to", "type": "clause", "offset": [0, 14]}, {"key": "other-rights-and-powers", "type": "clause", "offset": [19, 42]}, {"key": "the-managers", "type": "clause", "offset": [49, 61]}, {"key": "this-agreement", "type": "clause", "offset": [80, 94]}, {"key": "the-act", "type": "clause", "offset": [99, 106]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [128, 156]}, {"key": "specific-rights-and-powers", "type": "clause", "offset": [174, 200]}, {"key": "management-of-the-company-business", "type": "clause", "offset": [234, 268]}, {"key": "by-way-of-illustration", "type": "clause", "offset": [276, 298]}, {"key": "engage-in-any", "type": "definition", "offset": [402, 415]}, {"key": "contracts-or-agreements", "type": "clause", "offset": [464, 487]}, {"key": "incidental-to", "type": "definition", "offset": [513, 526]}, {"key": "company-purposes", "type": "clause", "offset": [553, 569]}, {"key": "the-business", "type": "clause", "offset": [574, 586]}, {"key": "performed-by", "type": "clause", "offset": [622, 634]}, {"key": "limited-liability-company", "type": "definition", "offset": [637, 662]}, {"key": "the-laws", "type": "definition", "offset": [669, 677]}, {"key": "state-of-georgia", "type": "definition", "offset": [685, 701]}, {"key": "to-acquire", "type": "definition", "offset": [728, 738]}, {"key": "purposes-of-the-company", "type": "clause", "offset": [834, 857]}, {"key": "with-respect-to", "type": "clause", "offset": [929, 944]}, {"key": "enter-into-agreements", "type": "clause", "offset": [967, 988]}, {"key": "operation-of", "type": "clause", "offset": [1016, 1028]}, {"key": "borrow-money", "type": "clause", "offset": [1076, 1088]}, {"key": "promissory-notes", "type": "clause", "offset": [1099, 1115]}, {"key": "evidence-of-indebtedness", "type": "definition", "offset": [1126, 1150]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [1154, 1175]}, {"key": "to-secure", "type": "clause", "offset": [1201, 1210]}, {"key": "the-indebtedness", "type": "clause", "offset": [1211, 1227]}, {"key": "a-mortgage", "type": "definition", "offset": [1231, 1241]}, {"key": "deed-of-trust", "type": "definition", "offset": [1243, 1256]}, {"key": "company-assets", "type": "definition", "offset": [1319, 1333]}, {"key": "company-property", "type": "clause", "offset": [1624, 1640]}, {"key": "renewals-of-indebtedness", "type": "clause", "offset": [1674, 1698]}, {"key": "contract-of-insurance", "type": "clause", "offset": [1773, 1794]}, {"key": "deemed-necessary", "type": "definition", "offset": [1795, 1811]}, {"key": "protection-of-the-company", "type": "clause", "offset": [1835, 1860]}, {"key": "to-the-company", "type": "clause", "offset": [1925, 1939]}, {"key": "to-employ-agents", "type": "clause", "offset": [1966, 1982]}, {"key": "other-persons", "type": "clause", "offset": [2046, 2059]}, {"key": "operations-of-the-company", "type": "clause", "offset": [2115, 2140]}, {"key": "to-pay-fees", "type": "clause", "offset": [2146, 2157]}, {"key": "other-compensation", "type": "definition", "offset": [2190, 2208]}, {"key": "to-invest", "type": "clause", "offset": [2334, 2343]}, {"key": "company-funds", "type": "clause", "offset": [2384, 2397]}, {"key": "to-place", "type": "definition", "offset": [2403, 2411]}, {"key": "title-to", "type": "clause", "offset": [2419, 2427]}, {"key": "right-to-use", "type": "clause", "offset": [2436, 2448]}, {"key": "names-of", "type": "clause", "offset": [2480, 2488]}, {"key": "a-nominee", "type": "definition", "offset": [2489, 2498]}, {"key": "trustee-or-trustees", "type": "definition", "offset": [2514, 2533]}, {"key": "for-the-benefit-of", "type": "definition", "offset": [2590, 2608]}, {"key": "establish-and-maintain", "type": "clause", "offset": [2629, 2651]}, {"key": "for-purposes", "type": "clause", "offset": [2661, 2673]}, {"key": "from-time-to-time", "type": "clause", "offset": [2711, 2728]}, {"key": "to-file", "type": "definition", "offset": [2734, 2741]}, {"key": "company-in", "type": "clause", "offset": [2801, 2811]}, {"key": "state-or-federal-court", "type": "clause", "offset": [2816, 2838]}, {"key": "bankruptcy-court", "type": "clause", "offset": [2853, 2869]}, {"key": "to-amend", "type": "definition", "offset": [2875, 2883]}, {"key": "to-the-extent", "type": "clause", "offset": [2915, 2928]}, {"key": "the-information", "type": "clause", "offset": [2975, 2990]}, {"key": "in-connection-with", "type": "clause", "offset": [3132, 3150]}], "hash": "43db493f63de8c1f3cc7bcd7690ef19f", "id": 8}, {"snippet": "Unless otherwise limited by the Articles of Organization of the Company or Section 3.15 hereof, the Manager shall have the power and authority in connection with the operation of the business of this Company to do the following:\nA. To sell, exchange, trade, transfer or otherwise dispose of any or all of the Company's assets;\nB. To lease office space, equipment and other property; and to negotiate a renewal or extended terms in such leases that may extend the termination date thereof beyond the date of termination of Company;\nC. To hire, employ, retain or otherwise secure employees, temporary personnel, accountants, attorneys and other independent contractors or personnel necessary to carry out the purposes of this Company upon such terms as the Manager may determine; to charge the compensation of such employees, temporary personnel, accountants, attorneys, and other agents and any other expenses against the assets or income of the Company;\nD. To enter into a contract or contracts for the furtherance of the Company's business upon such terms and conditions as may be determined by the Manager;\nE. To borrow money for Company's purposes from such lenders and upon such terms as the Manager may determine and to pledge, mortgage, grant security interests or otherwise encumber all or any part of the properties of this Company as security for any such loans;\nF. To obtain replacements of any loans with or without liens and/or security interests on the properties of this Company and to prepay in whole or in part, refinance, recast, increase, modify, consolidate, or extend any mortgages or security documents affecting the Company's assets, or any portion thereof; and\nG. To open bank accounts for the Company and to designate, from time to time, signatories authorized to draw funds on such accounts.\nH. To designate, appoint, replace, and/or terminate, from time to time, officers of the Company, and to define the authority and duties for each such postion.", "size": 1, "samples": [{"hash": "6pMCUtZ6WAV", "uri": "/contracts/6pMCUtZ6WAV#managers-powers", "label": "Manager's Agreement (Public Service Co of Oklahoma)", "score": 18.0, "published": true}], "snippet_links": [{"key": "organization-of-the-company", "type": "clause", "offset": [44, 71]}, {"key": "power-and-authority", "type": "clause", "offset": [123, 142]}, {"key": "in-connection-with", "type": "clause", "offset": [143, 161]}, {"key": "operation-of-the-business", "type": "clause", "offset": [166, 191]}, {"key": "this-company", "type": "definition", "offset": [195, 207]}, {"key": "to-sell", "type": "clause", "offset": [232, 239]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [270, 290]}, {"key": "to-lease", "type": "clause", "offset": [330, 338]}, {"key": "office-space", "type": "definition", "offset": [339, 351]}, {"key": "equipment-and-other-property", "type": "clause", "offset": [353, 381]}, {"key": "to-negotiate", "type": "definition", "offset": [387, 399]}, {"key": "extended-terms", "type": "definition", "offset": [413, 427]}, {"key": "termination-date", "type": "definition", "offset": [463, 479]}, {"key": "termination-of-company", "type": "clause", "offset": [507, 529]}, {"key": "secure-employees", "type": "clause", "offset": [571, 587]}, {"key": "temporary-personnel", "type": "definition", "offset": [589, 608]}, {"key": "other-independent-contractors", "type": "clause", "offset": [637, 666]}, {"key": "or-personnel", "type": "definition", "offset": [667, 679]}, {"key": "purposes-of", "type": "clause", "offset": [707, 718]}, {"key": "manager-may", "type": "definition", "offset": [755, 766]}, {"key": "to-charge", "type": "clause", "offset": [778, 787]}, {"key": "the-compensation", "type": "clause", "offset": [788, 804]}, {"key": "other-agents", "type": "definition", "offset": [873, 885]}, {"key": "other-expenses", "type": "definition", "offset": [894, 908]}, {"key": "the-assets", "type": "clause", "offset": [917, 927]}, {"key": "to-enter", "type": "definition", "offset": [957, 965]}, {"key": "contracts-for", "type": "clause", "offset": [985, 998]}, {"key": "terms-and-conditions", "type": "definition", "offset": [1051, 1071]}, {"key": "by-the-manager", "type": "clause", "offset": [1093, 1107]}, {"key": "borrow-money", "type": "clause", "offset": [1115, 1127]}, {"key": "for-company", "type": "definition", "offset": [1128, 1139]}, {"key": "security-interests", "type": "clause", "offset": [1249, 1267]}, {"key": "the-properties", "type": "definition", "offset": [1309, 1323]}, {"key": "security-documents", "type": "definition", "offset": [1605, 1623]}, {"key": "to-open", "type": "clause", "offset": [1687, 1694]}, {"key": "bank-accounts", "type": "definition", "offset": [1695, 1708]}, {"key": "for-the-company", "type": "clause", "offset": [1709, 1724]}, {"key": "from-time-to-time", "type": "clause", "offset": [1743, 1760]}, {"key": "officers-of-the-company", "type": "clause", "offset": [1889, 1912]}, {"key": "authority-and-duties", "type": "clause", "offset": [1932, 1952]}], "hash": "846526d8abf6bf4f4761c56d713212ef", "id": 9}, {"snippet": "(a) Except as otherwise provided in this Agreement, all powers to control and manage the business and affairs of the Company shall be exclusively vested in the Board of Managers and the Board of Managers may exercise all powers of the Company and do all such lawful acts as are not by statute, the Certificate of Formation, or this Agreement directed or required to be exercised or done by the Members and in so doing shall have the right and authority to take all actions that the Board of Managers deems necessary, useful, or appropriate for the management and conduct of the business and affairs of the Company.\n(b) Each Manager shall have one (1) vote. At all meetings of the Board of Managers the Managers entitled to cast a majority of the votes of the whole Board of Managers, including at least two of the Managers designated by HMNY, shall constitute a quorum for the transaction of business. With respect to all actions required or permitted to be taken by the Board of Managers at a meeting under this Agreement, such action may be taken only with the consent of a majority of the total number of Managers.\n(c) The Board of Managers shall have the power to delegate authority to Officers, employees, agents, and representatives of the Company as they may from time to time deem appropriate.", "size": 1, "samples": [{"hash": "hpvP23Ol0KH", "uri": "/contracts/hpvP23Ol0KH#managers-powers", "label": "Limited Liability Company Agreement (Helios & Matheson Analytics Inc.)", "score": 30.1006160164, "published": true}], "snippet_links": [{"key": "except-as-otherwise-provided", "type": "clause", "offset": [4, 32]}, {"key": "in-this-agreement", "type": "clause", "offset": [33, 50]}, {"key": "to-control", "type": "definition", "offset": [63, 73]}, {"key": "the-company-shall", "type": "clause", "offset": [113, 130]}, {"key": "powers-of-the-company", "type": "clause", "offset": [221, 242]}, {"key": "the-certificate-of-formation", "type": "clause", "offset": [294, 322]}, {"key": "by-the-members", "type": "clause", "offset": [387, 401]}, {"key": "authority-to", "type": "clause", "offset": [443, 455]}, {"key": "all-actions", "type": "clause", "offset": [461, 472]}, {"key": "the-management", "type": "clause", "offset": [544, 558]}, {"key": "conduct-of-the-business", "type": "clause", "offset": [563, 586]}, {"key": "meetings-of-the-board-of-managers", "type": "clause", "offset": [664, 697]}, {"key": "the-managers", "type": "clause", "offset": [698, 710]}, {"key": "a-majority", "type": "clause", "offset": [728, 738]}, {"key": "whole-board", "type": "definition", "offset": [759, 770]}, {"key": "transaction-of-business", "type": "clause", "offset": [877, 900]}, {"key": "with-respect-to", "type": "clause", "offset": [902, 917]}, {"key": "actions-required", "type": "clause", "offset": [922, 938]}, {"key": "by-the-board", "type": "clause", "offset": [964, 976]}, {"key": "consent-of", "type": "clause", "offset": [1063, 1073]}, {"key": "number-of-managers", "type": "clause", "offset": [1098, 1116]}, {"key": "delegate-authority", "type": "definition", "offset": [1168, 1186]}, {"key": "representatives-of-the", "type": "clause", "offset": [1223, 1245]}, {"key": "from-time-to-time", "type": "clause", "offset": [1266, 1283]}], "hash": "28b9ea7da5f153705e4850759c796415", "id": 10}], "next_curs": "ClgSUmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjQLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhhtYW5hZ2Vycy1wb3dlcnMjMDAwMDAwMGEMogECZW4YACAA", "clause": {"children": [["power-to-bind", "Power to Bind"], ["managers-general-powers-and-certain-specific-powers", "Manager\u2019s General Powers and Certain Specific Powers"], ["voting-at-meetings", "Voting at Meetings"], ["exercise-powers", "Exercise Powers"], ["representation-of-the-company", "Representation of the Company"]], "parents": [["management-and-operations", "Management and Operations"], ["managers", "Managers"], ["rights-powers-and-duties", "Rights Powers and Duties"], ["members", "Members"], ["deadlock", "Deadlock"]], "title": "Managers Powers", "size": 30, "id": "managers-powers", "related": [["general-powers", "General Powers", "General Powers"], ["statutory-powers", "Statutory Powers", "Statutory Powers"], ["police-powers", "Police Powers", "Police Powers"], ["powers", "Powers", "Powers"], ["additional-powers", "Additional Powers", "Additional Powers"]], "related_snippets": [], "updated": "2025-07-07T12:37:53+00:00"}, "json": true, "cursor": ""}}