Member Management. Except as otherwise expressly provided in this Agreement, the business and affairs of the LLC shall be managed and controlled by the Member, and the Member shall have full, exclusive and complete authority and discretion to make all the decisions affecting the business and affairs of the LLC, and to take all such actions as the Member deems necessary or appropriate to accomplish the purposes of the LLC; and any actions taken by the Member shall be binding on the LLC.
Member Management. Subject to Section 7.2 below, the business and affairs of the Company shall be managed by the Members by the affirmative vote of a majority-in-interest of the Members (unless otherwise provided herein). The Members shall have the power to do any and all acts necessary or convenient to, or for the furtherance of the purposes described herein, including all powers, statutory or otherwise, possessed by members under the Act.
Member Management. Subject to Section 9(c), the business and affairs of the Company shall be managed by or under the direction of the Member.
Member Management. The Company shall be managed solely by the Members, who may be known as and hold any title(s) approved by a majority Vote in interest of LLC Units.
Member Management. The business and affairs of the Company shall be managed and all its powers shall be exercised by or under the direction of the Members. The Members may take any action consented to in writing by a majority in Membership Interests of the Members or otherwise approved by a majority in Membership Interests of the Members.
Member Management. The Company shall be Member managed and shall have no managers. Except as otherwise provided in this Agreement (including the right of the Members to Approve Major Decisions under Section 5.1.5), any Member who is not a Terminated Member may supervise and/or undertake the business of the Company and make decisions affecting the day-to-day operations of the Company, the Company Interest and the Investment. Except to the extent the Approval of a Member is expressly required under this Agreement, no consent or Approval of the other Member shall be required with respect to any action or decision of such Member with respect to Company or Investment Entity matters. No Member shall receive any compensation for serving as a Member or undertaking any action on behalf of the Company. Each Member shall cause each of its Authorized Representatives to devote as much time as is reasonably necessary to fulfill the Member's obligations under this Agreement.
Member Management. The member shall exercise all authority ordinarily allocated to the Board of Governors. The member may take any action otherwise within the authority of the Board of Governors, and any action so taken shall be an action of the member in its capacity as such pursuant to Section 322B.606, subd. 2 of the Act.
Member Management. The overall management of the business and affairs of the Company shall be exercised by or under the direction of the Sole Member. The Sole Member may delegate to officers of the Company the power and authority to administer the business and affairs of the Company as provided in this Article II.
Member Management. The Company will be Member-managed by the Member, which will have sole authority to manage the Company. No Person has any authority to act for or bind the Company or to execute any instrument in the name of the Company, except as authorized by, or pursuant to the procedures set forth in, this Section 3.1. The Member may appoint such officers and other agents for the Company, with such titles and duties, as the Member deems to be appropriate.
Member Management. Except as otherwise provided herein, the management of the Company is fully vested in the Members, acting exclusively in their membership capacities. To facilitate the orderly and efficient management of the Company, the Members shall act (i) collectively as a "committee of the whole" (named the Management Committee) pursuant to Section 15.2, and (ii) through the delegation of certain responsibility and authority to the Managing Member pursuant to Section 15.4 and the LD Member pursuant to Section 15.5. The Company will not have "managers," as that term is used in the Act, it being understood that the Representatives and Alternate Representatives do not constitute "managers."
