Common use of Member Managed Clause in Contracts

Member Managed. The management of the business and affairs of the Company shall be reserved to the Member, which shall have the power to do any and all acts necessary or convenient for the furtherance of the purpose of the Company described in this Agreement, including all powers, statutory or otherwise, possessed by members of a limited liability company under the DLLCA.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (CDM Environmental & Technical Services LLC), Limited Liability Company Agreement (CDM Environmental & Technical Services LLC), Limited Liability Company Agreement (San Juan Refining Co.)