POWERS OF THE BOARD OF MANAGERS; RELIANCE ON EXPERTS. (a) Except as otherwise provided in this Agreement, the Board of Managers shall have all the powers conferred upon managers by the Act and this Agreement, including but not limited to, (i) the right to choose and hire employees; and (ii) the right to select the provider of any insurance to or for the benefit of the Company, and purchase, modify or terminate any such insurance. The Board of Managers shall have no authority to do any act in contravention of either the Certificate of Formation or this Agreement.
Appears in 16 contracts
Samples: Limited Liability Company Agreement (Alpha Terminal Company, LLC), Limited Liability Company Agreement (Alpha Terminal Company, LLC), Limited Liability Company Agreement (Alpha Terminal Company, LLC)
POWERS OF THE BOARD OF MANAGERS; RELIANCE ON EXPERTS. (a) Except as otherwise provided in this Agreement, the Board of Managers shall have all the powers conferred upon managers by the Act and this Agreement, including but not limited to, (i) the right to choose and hire employees; and (ii) the right to select the provider of any insurance to or for the benefit of the Company, and purchase, modify or terminate any such insurance. The Board of Managers shall have no authority to do any act in contravention of either the Certificate Articles of Formation Organization or this Agreement.
Appears in 5 contracts
Samples: Limited Liability Company Agreement (Alpha Terminal Company, LLC), Limited Liability Company Agreement (Alpha Terminal Company, LLC), Limited Liability Company Agreement (Alpha Terminal Company, LLC)
POWERS OF THE BOARD OF MANAGERS; RELIANCE ON EXPERTS. (a) Except as otherwise provided in this Agreement, the Board of Managers shall have all the powers conferred upon managers Managers by the Act and this Agreement, including but not limited to, (i) the right to choose and hire employees; and (ii) the right to select the provider of any insurance to or for the benefit of the Company, and purchase, modify or terminate any such insurance. The Board of Managers shall have no authority to do any act in contravention of either the Certificate of Formation or this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Alpha Terminal Company, LLC)