The Member. The Member is the sole member of the Company. The management of the Company is fully reserved to the Member, and the Company shall not have any “manager,” as that term is used in the Act. The Member shall have no personal liability for the obligations of the Company except to the extent provided in the Act. The Member shall have the right and authority to take all actions specifically enumerated in the Certificate of Formation or this Agreement or which the Member otherwise deems necessary, useful or appropriate for the day-to-day management and conduct of the Company’s business, and may cause the Company to undertake all actions necessary or appropriate in connection therewith. All instruments, contracts, agreements and documents shall be valid and binding on the Company if executed by the Member.
Appears in 7 contracts
Samples: Company Agreement (Sabra Phoenix TRS Venture, LLC), Limited Liability Company Agreement (Sabra Phoenix TRS Venture, LLC), Limited Liability Company Agreement (Sabra Health Care Frankenmuth, LLC)
