Common use of Powers of the Manager Clause in Contracts

Powers of the Manager. (a) The Manager shall have no power to enter into any contract or subject the Company or the Managed Subsidiaries to any obligation, such power to be the sole right and obligation of the Company, acting through its Board of Directors and/or Company Officers, or of the applicable Managed Subsidiary, acting through its Board of Directors and/or officers.

Appears in 11 contracts

Samples: Management Services Agreement, Management Services Agreement (Macquarie Infrastructure Holdings, LLC), Management Services Agreement

AutoNDA by SimpleDocs

Powers of the Manager. (a) The Manager shall have no power to enter into any contract for or subject on behalf of the Company or the Managed Subsidiaries otherwise subject it to any obligation, such power to be the sole right and obligation of the Company, acting through its Board of Directors and/or Company Officers, or of the applicable Managed Subsidiary, acting through its Board of Directors and/or Company’s officers.

Appears in 11 contracts

Samples: Management Services Agreement (1847 Holdings LLC), Management Services Agreement (1847 Holdings LLC), Management Services Agreement (1847 Holdings LLC)

Powers of the Manager. (a) The Manager shall have no power to enter into any contract for or subject on behalf of the Company or the Managed Subsidiaries otherwise subject it to any obligation, such power to be the sole right and obligation of the Company, acting through its Board of Directors and/or the Company Officers, or of the applicable Managed Subsidiary, acting through its Board of Directors and/or officers.

Appears in 10 contracts

Samples: Management Services Agreement, Management Services Agreement (Compass Group Diversified Holdings LLC), Management Services Agreement (Compass Diversified Holdings)

Powers of the Manager. (a) . (a) The Manager shall have no power to enter into any contract or subject the Company or the Managed Subsidiaries to any obligation, such power to be the sole right and obligation of the Company, acting through its Board of Directors and/or Company Officers, or of the applicable Managed Subsidiary, acting through its Board of Directors and/or officers.

Appears in 1 contract

Samples: Management Services Agreement (Macquarie Infrastructure Holdings, LLC)

AutoNDA by SimpleDocs

Powers of the Manager. (a) The Manager shall have no power to enter into any contract for or subject on behalf of the Company or the Managed Subsidiaries otherwise subject it to any obligation, such power to be the sole right and obligation of the Company, acting through its the Board of Directors and/or and the Company Officers, or of the applicable Managed Subsidiary, acting through its Board of Directors and/or officers.

Appears in 1 contract

Samples: Management Services Agreement (Ore Pharmaceutical Holdings Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.