Common use of POWERS OF MANAGERS Clause in Contracts

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.

Appears in 2 contracts

Samples: Operating Agreement (Auto Marketing Network Inc), Operating Agreement (Franchise Mortgage Acceptance Co)

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POWERS OF MANAGERS. Without limiting the generality of Section ------------------ 5.1, but subject to the limitations of 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.

Appears in 1 contract

Samples: Operating Agreement (Neurocrine Biosciences Inc)

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POWERS OF MANAGERS. Without limiting the generality of Section ------------------ 5.1, but Except and subject to Section 5.3.2 the rights and authority reserved to the express limitations set forth Members pursuant to Section 5.1 and elsewhere in this Agreement, the Managers shall have may generally exercise all necessary powers of the Company and do all lawful acts necessary, advisable, or convenient to manage and carry out the purposes, business, property, business and affairs of the Company, including, without limitation, the power to exercise right, power, and authority, on behalf and in the name of the Company all of the powers described in Corporations Code Section 17003.Company, to:

Appears in 1 contract

Samples: Operating Agreement (National Wine & Spirits Corp)

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