POWERS OF MANAGERS. The Managers are authorized to make all decisions regarding the Company’s operations and legal affairs, including but not limited to (a) the sale, development, lease or other disposition of the Company's assets; (b) the purchase or other acquisition of other assets of all kinds; (c) the management of all or any part of the Company's assets; (d) the borrowing of money and the granting of security interests in the Company's assets; (e) the pre-payment, refinancing or extension of any loan affecting the Company's assets; (f ) the compromise or release of any of the Company's claims or debts; and, (g) the employment of persons, firms or corporations for the operation and management of the Company's business. Managers are authorized to execute and deliver (a) all contracts, conveyances, assignments leases, sub-leases, franchise agreements, licensing agreements, management contracts and maintenance contracts covering or affecting the Company's assets; (b) all checks, drafts and other orders for the payment of the Company's funds; (c) all promissory notes, loans, security agreements and other similar documents; and, (d) all other instruments of any other kind relating to the Company's business.
POWERS OF MANAGERS. The Managers are authorized:
POWERS OF MANAGERS. The business of the Company shall be managed by or under the direction of its Managers, who need not be Members, and who may exercise all such powers of the Company and do all such lawful acts and things as are not by the Articles or by this Agreement directed or required to be exercised or done by the Members. No Member has the authority or power to act for or on behalf of the Company or to do any act that would be binding on the Company.
POWERS OF MANAGERS. In addition to the powers and authorities expressly conferred by this Agreement upon them, the Managers may exercise all such powers of the Company and do all such lawful acts and things as are not directed or required to be exercised or done by the Members by statute or by the Certificate of Formation or this Agreement.
POWERS OF MANAGERS. (a.) The Manager, or Managers if more than one, shall have no power to cause the Company to do an act outside the purpose of the Company as set forth in Article Four of this Agreement. Subject to the foregoing limitation and all other limitations in this Agreement, the Managers, acting jointly if more than one, shall have full, complete and exclusive power to manage and control the Company, and shall have the authority to take any action they deem to be necessary, convenient or advisable in connection with the management of the Company, including, but not limited to, the power and authority on behalf of the Company:
POWERS OF MANAGERS. Pursuant to Sections 35-8-301 and 35-8-307 of the Act, the Managers are authorized:
POWERS OF MANAGERS. The Board of Managers shall have the broadest powers to carry out any act of administration, management or disposal concerning the Company, whatever the nature or size of the operation, provided that it falls within the object and purposes of the Company, and is not expressly reserved by the Delaware Act or this Agreement to the Sole Member or to the general meeting of the Members. For the avoidance of doubt, it is expressly stipulated that all decisions relating to any transfers of the Company’s assets, even when these assets represent all of the Company’s assets, shall be taken by resolution of the Board of Managers. Any person dealing with the Company may rely absolutely upon the act, deed and/or signature of the Managers as being the act of the Company, and no person shall be obliged to inquire into or otherwise ascertain whether the act of the Managers have been duly authorized.
POWERS OF MANAGERS. Without limiting the generality of Section ------------------ 5.1, but subject to Section 5.3.2 and to the express limitations set forth elsewhere in this Agreement, the Managers shall have all necessary powers to manage and carry out the purposes, business, property, and affairs of the Company, including, without limitation, the power to exercise on behalf and in the name of the Company all of the powers described in Corporations Code Section 17003.
POWERS OF MANAGERS. Except as set forth in this Amended and Restated Agreement, the Managers shall have power and authority, on behalf of the Company to (a) purchase, lease or otherwise acquire from, or sell, lease or otherwise dispose of to, and Person and property, (b) open bank accounts and otherwise invest the funds of the Company, (c) purchase insurance on the business and assets of the Company, (d) commence lawsuits and other proceedings, (e) enter into any agreement, instrument or other writing, (f) retain accountants, attorneys or other agents and (g) take any other lawful action that the Managers consider necessary, convenient or advisable in connection with any business of the Company.
