{"component": "clause", "props": {"groups": [{"size": 81, "samples": [{"hash": "d5eS0VViHdY", "uri": "/contracts/d5eS0VViHdY#managers", "label": "Limited Liability Company Agreement (Duke Energy Carolinas SC Storm Funding LLC)", "score": 36.879535675, "published": true}, {"hash": "j8zRjhKEX3n", "uri": "/contracts/j8zRjhKEX3n#managers", "label": "Limited Liability Company Agreement (Duke Energy Progress NC Storm Funding II LLC)", "score": 36.7316894531, "published": true}, {"hash": "af2FilwvGRR", "uri": "/contracts/af2FilwvGRR#managers", "label": "Limited Liability Company Agreement (Duke Energy Carolinas NC Storm Funding II LLC)", "score": 36.7316894531, "published": true}], "snippet_links": [{"key": "subject-to-sections", "type": "clause", "offset": [4, 23]}, {"key": "the-company-shall", "type": "clause", "offset": [67, 84]}, {"key": "by-or-under-the-direction-of", "type": "definition", "offset": [96, 124]}, {"key": "by-the-member", "type": "clause", "offset": [159, 172]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [189, 212]}, {"key": "at-any-time", "type": "clause", "offset": [239, 250]}, {"key": "sole-and-absolute-discretion", "type": "definition", "offset": [258, 286]}, {"key": "number-of-managers", "type": "clause", "offset": [291, 309]}, {"key": "in-all-cases", "type": "clause", "offset": [319, 331]}, {"key": "authorized-number", "type": "definition", "offset": [368, 385]}, {"key": "decreased-by", "type": "clause", "offset": [418, 430]}, {"key": "notice-to", "type": "clause", "offset": [496, 505]}, {"key": "except-as-provided-in", "type": "clause", "offset": [536, 557]}, {"key": "at-all-times", "type": "definition", "offset": [572, 584]}, {"key": "independent-manager", "type": "definition", "offset": [621, 640]}, {"key": "initial-number", "type": "definition", "offset": [646, 660]}, {"key": "an-independent", "type": "clause", "offset": [711, 725]}, {"key": "execute-and-deliver", "type": "clause", "offset": [927, 946]}, {"key": "the-management-agreement", "type": "clause", "offset": [947, 971]}, {"key": "attached-hereto-as-exhibit", "type": "definition", "offset": [984, 1010]}, {"key": "a-member", "type": "definition", "offset": [1035, 1043]}, {"key": "initial-managers", "type": "clause", "offset": [1049, 1065]}, {"key": "schedule-b", "type": "clause", "offset": [1105, 1115]}, {"key": "to-the-company", "type": "clause", "offset": [1345, 1359]}, {"key": "business-and-objectives", "type": "clause", "offset": [1429, 1452]}, {"key": "in-good-faith", "type": "definition", "offset": [1534, 1547]}, {"key": "reasonably-believes", "type": "definition", "offset": [1571, 1590]}, {"key": "interests-of-the-company", "type": "clause", "offset": [1609, 1633]}, {"key": "prudent-person", "type": "definition", "offset": [1671, 1685]}, {"key": "similar-circumstances", "type": "definition", "offset": [1721, 1742]}, {"key": "except-as-otherwise-provided", "type": "clause", "offset": [1748, 1776]}, {"key": "in-this-agreement", "type": "clause", "offset": [1777, 1794]}, {"key": "affirmative-vote", "type": "clause", "offset": [1826, 1842]}, {"key": "majority-of-the-managers", "type": "definition", "offset": [1848, 1872]}, {"key": "authority-to-sign", "type": "clause", "offset": [1902, 1919]}, {"key": "duly-authorized", "type": "clause", "offset": [1920, 1935]}, {"key": "other-instruments", "type": "definition", "offset": [1951, 1968]}, {"key": "behalf-of-the-company", "type": "clause", "offset": [1972, 1993]}, {"key": "other-manager", "type": "definition", "offset": [2021, 2034]}, {"key": "any-action", "type": "definition", "offset": [2080, 2090]}, {"key": "without-prior-notice", "type": "clause", "offset": [2142, 2162]}, {"key": "authorized-by", "type": "clause", "offset": [2166, 2179]}, {"key": "consent-of", "type": "clause", "offset": [2192, 2202]}, {"key": "by-this-agreement", "type": "clause", "offset": [2269, 2286]}, {"key": "records-of-the-company", "type": "clause", "offset": [2335, 2357]}, {"key": "agent-of-the-company", "type": "clause", "offset": [2383, 2403]}, {"key": "for-the-purpose-of", "type": "definition", "offset": [2404, 2422]}, {"key": "the-act", "type": "clause", "offset": [2441, 2448]}, {"key": "the-execution", "type": "clause", "offset": [2477, 2490]}, {"key": "company-name", "type": "clause", "offset": [2498, 2510]}, {"key": "the-business-of-the-company", "type": "clause", "offset": [2545, 2572]}, {"key": "agreement-or", "type": "definition", "offset": [2637, 2649]}, {"key": "the-company-and-the", "type": "clause", "offset": [2720, 2739]}, {"key": "knowledge-of", "type": "definition", "offset": [2782, 2794]}, {"key": "the-fact", "type": "clause", "offset": [2795, 2803]}, {"key": "to-the-extent-permitted-by-law", "type": "clause", "offset": [2846, 2876]}], "snippet": "(a) Subject to Sections 1.07 and 1.08, the business and affairs of the Company shall be managed by or under the direction of three or more Managers designated by the Member. Subject to the terms of this Agreement, the Member may determine at any time in its sole and absolute discretion the number of Managers. Subject in all cases to the terms of this Agreement, the authorized number of Managers may be increased or decreased by the Member at any time in its sole and absolute discretion, upon notice to all Managers; provided, that, except as provided in Section 7.06, at all times the Company shall have at least one Independent Manager. The initial number of Managers shall be three, one of which shall be an Independent Manager. Each Manager designated by the Member shall hold office until a successor is elected and qualified or until such Manager\u2019s earlier death, resignation, expulsion or removal. Each Manager shall execute and deliver the Management Agreement in the form attached hereto as Exhibit A. Managers need not be a Member. The initial Managers designated by the Member are listed on Schedule B hereto.\n(b) Each Manager shall be designated by the Member and shall hold office for the term for which designated and until a successor has been designated.\n(c) The Managers shall be obliged to devote only as much of their time to the Company\u2019s business as shall be reasonably required in light of the Company\u2019s business and objectives. Subject to Section 7.02, a Manager shall perform his or her duties as a Manager in good faith, in a manner he or she reasonably believes to be in the best interests of the Company, and with such care as an ordinarily prudent Person in a like position would use under similar circumstances.\n(d) Except as otherwise provided in this Agreement, the Managers shall act by the affirmative vote of a majority of the Managers. 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Managers shall be appointed by the Sole Member and shall hold office at the pleasure of the Sole Member. A Manager shall serve until the earlier of his or her death, resignation or removal. A Manager may be removed at any time, with or without cause, by the Sole Member. 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Such provisions are hereinafter incorporated into this Agreement by reference. Without limiting the generality of the foregoing, the Manager shall have the powers set forth in Paragraph 2 of Article 5.", "hash": "f18d7fc1a25a52310337aefae09543e0", "id": 3}, {"size": 24, "samples": [{"hash": "k4Ue88w8EcO", "uri": "/contracts/k4Ue88w8EcO#managers", "label": "Merger Agreement (Mid Atlantic Medical Services Inc)", "score": 18.0, "published": true}, {"hash": "iIAT1LWmLu6", "uri": "/contracts/iIAT1LWmLu6#managers", "label": "Merger Agreement (Unitedhealth Group Inc)", "score": 18.0, "published": true}, {"hash": "czJm2MUbHEf", "uri": "/contracts/czJm2MUbHEf#managers", "label": "Merger Agreement (Unitedhealth Group Inc)", "score": 18.0, "published": true}], "snippet_links": [{"key": "the-managers", "type": "clause", "offset": [0, 12]}, {"key": "merger-sub", "type": "definition", "offset": [16, 26]}, {"key": "prior-to-the-effective-time", "type": "clause", "offset": [39, 66]}, {"key": "managers-of-the-surviving-entity", "type": "clause", "offset": [80, 112]}, {"key": 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directing the commercial presence or a department or sub- division thereof;\n(ii) supervising and controlling the work of other supervisory, professional or managerial employees;\n(iii) having the authority personally to recruit and dismiss or recommend recruiting, dismissing or other personnel actions.", "hash": "562f2e440ef978601146d6832f56aba2", "id": 6}, {"size": 20, "samples": [{"hash": "bydD1xHi2MJ", "uri": "/contracts/bydD1xHi2MJ#managers", "label": "Limited Liability Company Agreement (CenterPoint Energy Transition Bond Co IV, LLC)", "score": 22.9164962769, "published": true}, {"hash": "eq03KafJKuG", "uri": "/contracts/eq03KafJKuG#managers", "label": "Limited Liability Company Agreement (CenterPoint Energy Restoration Bond Company, LLC)", "score": 21.0, "published": true}, {"hash": "8TZbcvKssbL", "uri": "/contracts/8TZbcvKssbL#managers", "label": "Limited Liability Company Agreement (Centerpoint Energy Houston Electric LLC)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-member", "type": "definition", "offset": [0, 10]}, {"key": "actions-necessary", "type": "clause", "offset": [43, 60]}, {"key": "from-time-to-time", "type": "clause", "offset": [61, 78]}, {"key": "to-ensure", "type": "clause", "offset": [79, 88]}, {"key": "at-all-times", "type": "definition", "offset": [94, 106]}, {"key": "number-of-managers", "type": "clause", "offset": [111, 129]}, {"key": "pursuant-to-section", "type": "clause", "offset": [203, 222]}, {"key": "the-company-shall", "type": "clause", "offset": [229, 246]}, {"key": "independent-manager", "type": "definition", "offset": [278, 297]}, {"key": "the-managers", "type": "clause", "offset": [299, 311]}, {"key": "execution-of-this-agreement", "type": "clause", "offset": [321, 348]}, {"key": "on-schedule", "type": "definition", "offset": [383, 394]}], "snippet": "The Member and each Manager shall take all actions necessary from time to time to ensure that at all times the number of Managers shall be not less than three nor more than five; provided, however, that pursuant to Section 4.04, the Company shall at all times have at least one Independent Manager. The Managers upon the execution of this Agreement shall be those persons identified on Schedule C.", "hash": "71af3742f299a12d4816d25e7886b324", "id": 7}, {"size": 18, "samples": [{"hash": "kGuabOpzxSH", "uri": "/contracts/kGuabOpzxSH#managers", "label": "Operating Agreement (Kids Behavioral Health of Montana, Inc.)", "score": 23.1752223969, "published": true}, {"hash": "jyQ8IWUJJAm", "uri": "/contracts/jyQ8IWUJJAm#managers", "label": "Limited Liability Company Agreement (Kids Behavioral Health of Montana, Inc.)", "score": 23.1752223969, "published": true}, {"hash": "jOiNShe5xuR", "uri": "/contracts/jOiNShe5xuR#managers", "label": "Limited Liability Company Agreement (Kids Behavioral Health of Montana, Inc.)", "score": 23.1752223969, "published": true}], "snippet_links": [{"key": "from-time-to-time", "type": "clause", "offset": [16, 33]}, {"key": "managers-of-the-company", "type": "clause", "offset": [75, 98]}, {"key": "authority-and", "type": "clause", "offset": [138, 151]}, {"key": "manager-may", "type": "definition", "offset": [230, 241]}, {"key": "at-any-time", "type": "clause", "offset": [257, 268]}, {"key": "notice-to-the-company", "type": "definition", "offset": [290, 311]}, {"key": "with-or-without-cause", "type": "clause", "offset": [356, 377]}, {"key": "by-the-member", "type": "clause", "offset": [379, 392]}, {"key": "sole-discretion", "type": "definition", "offset": [401, 416]}, {"key": "the-managers", "type": "clause", "offset": [418, 430]}, {"key": "the-authority", "type": "clause", "offset": [495, 508]}], "snippet": "The Member may, from time to time, designate one or more individuals to be managers of the Company. Managers so designated will have such authority and perform such duties as the Member may from time to time delegate to them. Any manager may resign as such at any time by providing written notice to the Company. Any manager may be removed as such, either with or without cause, by the Member, in its sole discretion. 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It typically outlines how managers are appointed, their decision-making powers, and the scope of their duties, such as overseeing operations, managing assets, or representing the organization in dealings with third parties. By clearly specifying who the managers are and what they are empowered to do, this clause ensures effective governance and helps prevent disputes over management authority."}, "json": true, "cursor": ""}}