Powers of the Managing Member. The Managing Member shall have the right, power and authority, in the management of the business and affairs of the Company, to do or cause to be done any and all acts deemed by the Managing Member to be necessary or appropriate to effectuate the business, purposes and objectives of the Company, at the expense of the Company. Without limiting the generality of the foregoing, the Managing Member shall have the power and authority to:
Powers of the Managing Member. (a) The business and affairs of the Company shall be under the sole and exclusive direction, management and supervision of the Managing Member. In addition to all powers provided or permitted by the Laws of the State of Delaware or any other applicable Law, the Managing Member is hereby authorized on behalf of the Company: to expend Company funds in furtherance of the business and purpose of the Company; to admit Members and issue Units for consideration and on terms and conditions in his discretion; to incur obligations for and on behalf of the Company in connection with its business; to open, maintain and close, in the name of the Company, brokerage and bank accounts, and to draw checks or other orders for the payment of money; to borrow or raise moneys for and on behalf of the Company upon such terms and conditions as may be necessary or advisable and without limit as to amount or manner and time of repayment; to issue, accept, endorse and execute promissory notes, drafts, bills of exchange, bonds, debentures and other negotiable or non-negotiable instruments and evidences of indebtedness; to hypothecate, mortgage or pledge the whole or any part of the property or credit of the Company, whether at the time owned or thereafter acquired; to repay in whole or in part, refinance, modify or extend any security interest affecting property owned by the Company and, in connection therewith, to execute for and on behalf of the Company any or all extensions, renewals, or modifications of such security interests; to lend funds and other property of the Company either with or without security; to waive any default under any agreement to which the Company is a party; to apply for membership or participation in any exchanges, clearing agencies, trade associations or other organizations and to take any actions and disclose any information necessary or appropriate in connection with such applications; to determine, subject to the provisions of this Agreement, the terms of any offering of Units and the manner of complying with applicable Law and to take any additional action as he shall deem necessary or desirable to effectuate the offering of Units; to prepare, execute, file and deliver any documents, instruments or agreements; to employ such agents, brokers, traders, consultants, advisers, employees, attorneys and accountants as he deems appropriate and necessary to the conduct of the Company, at such rates and fees as it deems necessary or appropriate, whether or not...
Powers of the Managing Member. 5.2.1 The Managing Member shall have and may exercise, on behalf of the Fund, all powers and rights necessary, proper, convenient or advisable to effectuate and carry out the purposes, business and objectives of the Fund and as permitted under the Act and the CEA, including, as required by applicable law, being the Fund’s Commodity Pool Operator.
Powers of the Managing Member. (a) Without limiting the generality of the foregoing Section 7.1, the Managing Member shall have the power and authority to:
Powers of the Managing Member. Without limiting the generality of the foregoing, the Managing Member shall have the exclusive power and authority to cause the Company:
Powers of the Managing Member. (a) Subject to the other provisions of this Agreement, the management, operation and policies of the Company shall be vested exclusively in the Managing Member, which shall have the power by itself and shall be authorized and empowered on behalf of and in the name of the Company to delegate or carry out any and all objects and purposes of the Company and to perform all acts and enter into and perform all contracts and other undertakings that it may in its discretion deem necessary or advisable in connection therewith or incidental thereto. Without limiting the foregoing, except as expressly provided otherwise in this Agreement, the Managing Member, on behalf of and in the name of the Company, shall have the power without any further act, approval or vote of the Members or any other Person, at all times in accordance with the terms of the Offering Memorandum to:
Powers of the Managing Member. Subject to the limitations otherwise set forth in this Agreement, the Managing Member shall have the right, power and authority, in the management of the business and affairs of the Company, to do or cause to be done any and all acts, at the expense of the Company unless otherwise specifically provided in this Agreement, deemed by the Managing Member to be necessary or appropriate to effectuate the business, purposes and objectives of the Company. Notwithstanding the foregoing, TMC shall not be entitled to be compensated for serving as the Managing Member or for providing administrative services to the Company; provided, however, if the cost of the administrative services provided to the Company by TMC exceeds $150,000 in any year, TMC shall be entitled to cease providing such services and to arrange for such services to be provided to the Company by a third party at the expense of the Company. Without limiting the generality of the foregoing, the Managing Member shall have the power and authority to:
Powers of the Managing Member. Subject to the limitations imposed by the Act and this Agreement, including without limitation, the limitations in Sections 6.2, 6.5 and 6.7, the Managing Member shall have the power to conduct, manage, control, and make all decisions affecting the conduct of the ordinary business, assets and affairs of the Company, including, but not limited to, the power to:
