Powers of Management Committee. The Member hereby establishes a management committee (the “Management Committee”) and delegates to the Management Committee the Member’s full power and authority as manager of the Company to represent the Company, to act in the name of the Company and to manage the business of the Company, including without limitation the powers and authorities set forth in Section 5.1.2 of the Agreement. Further, the Member hereby authorizes the Management Committee to delegate its powers and authorities to the officers and other managers of the Company. The officers of the Company described in Section 5.3 shall have the powers and authorities set forth therein. The officers of the Company shall conduct the business operations and activities of the Company in a manner consistent with the policies adopted from time to time by the Management Committee.
Powers of Management Committee. The Management Committee is authorized on the Company’s behalf to make all decisions as to:
Powers of Management Committee. 12.1 The Management Committee will, without limiting any of its powers as specified elsewhere in this Agreement, have the exclusive right, power and authority to:
Powers of Management Committee. The Management Committee shall determine and exercise overall supervision and control of all matters regarding the Authority which are left to the determination of the Management Committee under this Agreement, including but not limited to, the following:
Powers of Management Committee. At the meeting of the Management Committee convened under clause 11.4 the Management Committee may consider the program and budget submitted for consideration with amendments, if any, as the Management Committee considers fit or reject the same. In the case of rejection the Management Committee may give directions to the Operator regarding the preparation and submission of a further program and budget in respect of the Financial Year concerned as the Management Committee may determine by Unanimous Resolution.
Powers of Management Committee. 9 4.3 Composition of the Management Committee....................................... 11 4.4 Meetings of the Management Committee.......................................... 11 4.5 Votes of Members of the Management Committee.................................. 12 4.6 Function and Operation of Management Committee................................ 12 4.7 Delegation.................................................................... 12 4.8
Powers of Management Committee. The Management Committee shall have the full, exclusive and complete authority to manage, direct and control the business and affairs of the Company, and shall be responsible for the enforcement of the rights of the Company pursuant to this Agreement and the Related Agreements. Without limiting the generality of the foregoing, the Management Committee, upon the unanimous vote or consent of the Managers, shall have the right and power, on behalf of the Company, to do any or all of the following:
Powers of Management Committee. All Major Decisions, as set forth below, shall be made by the Management Committee and shall be reduced to writing. Any decision or act of the Management Committee within the scope of its power and authority granted hereunder shall control and shall bind the Company. The majority vote of the Management Committee shall be the act of the Management Committee. The "Major Decisions" are as follows:
Powers of Management Committee. (a) Except as otherwise explicitly provided herein, the Management Committee shall have the power on behalf and in the name of the Company to implement the objectives of the Company and to exercise any rights and powers the Company may possess, including, without limitation, the power to cause the Company to (a) make any elections available to the Company under applicable tax or other laws, (b) make any investments permitted under this Agreement, (c) satisfy any Company obligations (such as payment of Company Expenses), (d) cause the Company to make distributions, pay dividends and redeem Interests as permitted under this Agreement or (e) take actions with respect to defaults, work-outs, dispositions and other matters affecting Portfolio Investments. Notwithstanding any other provision of this Agreement, without the consent of any Member or other Person being required, the Company is hereby authorized to execute, deliver and perform, and the Management Committee on behalf of the Company is hereby empowered to authorize a representative of the Company to execute and deliver, (x) a Subscription Agreement with each Member, (y) a licensing agreement with TCW or an Affiliate of TCW to use certain trademarks and service marks in connection with the Company’s business, provided, that no fees or other payments shall be made in connection therewith, and (z) any amendment of any such document (to the extent such amendment is approved in accordance with the terms of the relevant agreement and is consistent with the terms of this Agreement) and any other agreement, document or other instrument contemplated thereby or related thereto (to the extent that such other agreement, document or other instrument is consistent with the terms of the relevant agreement or this Agreement). Such authorization shall not be deemed a restriction on the power of the Management Committee to cause the Company to enter into other documents.
Powers of Management Committee. Without limiting the general powers of
