Management and Control of the Company. The Manager shall direct, manage and control the business of the Company to the best of such Manager’s ability and shall have full and complete authority, power and discretion to make any and all decisions and to do any and all things which the Manager shall deem to be reasonably required in light of the Company’s business and objectives.
Management and Control of the Company. (a) (i) The Members have established the Company as a “board of managers-managed” limited liability company and have agreed to designate a board of managers (the “Board of Managers”) of six (6) Persons to manage the Company and its business and affairs. Each of the Managers on the Board of Managers is referred to herein as a “Manager.” The Board of Managers shall be comprised, as follows:
Management and Control of the Company. (a) (i) The Members have established the Company as a “managers- managed” limited liability company and have agreed to designate a board of managers (the “Board of Managers”) of three Persons to manage the Company and its business and affairs. Each of the Persons appointed to the Board of Managers is referred to herein as a “Manager.” The Managers shall be designated solely by a Majority in Interest of the Common Members. Any Manager may be removed, at any time, by a Majority in Interest of the Common Members, in their sole discretion.
Management and Control of the Company. 5.1 Management of the Company by Manager.
Management and Control of the Company. (a) Except as otherwise provided herein, the management, control and operation of the business and affairs of the Company shall be vested exclusively with the Managing Member. The Managing Member shall have the authority to exercise all powers necessary and convenient for the purposes of the Company, including those set forth in Section 2.6, on behalf, and in the name, of the Company, subject to compliance with the restrictions and other provisions of this Agreement. Subject to the rights and powers of the Managing Member and the limitations thereon contained in this Agreement, the Managing Member may delegate to any Person any or all of its powers, rights and obligations under this Agreement and may appoint, contract or otherwise deal with any Person to perform any acts or services for the Company as the Managing Member may reasonably determine. Notwithstanding any delegation made by the Managing Member, the Managing Member shall oversee any Person so appointed or contracted to perform any acts or services for the Company on the Managing Member’s behalf and the Managing Member shall be liable for any breaches of this Agreement caused by the foregoing. Unless the authority of an agent designated as an officer is limited in the document appointing such officer or is otherwise specified by the Managing Member, any officer so appointed shall, subject to this Article IV, have the same authority to act for the Company as a corresponding officer of a Tennessee corporation would have to act for a Tennessee corporation in the absence of a specific delegation of authority. The officers of the Company shall have the same fiduciary duties to the Company as an officer of a Tennessee corporation has under Tennessee law. The Managing Member may, in its sole discretion, by vote or resolution thereof ratify any act previously taken by an officer or agent acting on behalf of the Company. The Managing Member is specifically authorized to execute, sign, seal and deliver in the name of and on behalf of the Company any and all agreements, certificates, instruments or other documents requisite to carrying out the intentions and purposes of this Agreement and of the Company.
Management and Control of the Company. 5.1 Management of the Company by the Managers. The business and affairs of the Company shall be managed by the Managers. The Company shall have three (3)
Management and Control of the Company. (a) The daily business, investment property(ies) and affairs of the Company shall be managed by the Manager. Except for matters as to which the approval of the other Members is expressly required by this Operating Agreement (Article VI(c) below), the Manager shall have full, complete and exclusive authority, power and discretion to manage and control the business, property(ies) and affairs of the Company (including, but not limited to, any and all decisions with respect to renovation and tenanting of the Investment Property(ies), the supervision and oversight of the Investment Property(ies) Contractors and the Investment Property(ies) Management Companies, and the management of the Investment Property(ies) Sale or Alternate Exit Strategy in accordance with the terms hereof), to make all decisions regarding those matters, and to perform any and all other acts or activities customary or incident to the management of the Company’s business, property(ies) and affairs.
Management and Control of the Company. The business and affairs of the Company shall be managed exclusively by the Manager.
Management and Control of the Company. Conning & Company, a Connecticut corporation and a Member of the Company, shall act and serve as the sole manager of the Company ("Manager Member"). Subject to the provisions of this Agreement, the management, policies and control of the Company shall be vested exclusively in the Manager Member.
Management and Control of the Company. 10 5.1 Management of the Company by the Manager 10 5.2 Election of the Manager. 10 5.3 Powers of the Manager 11 5.4 Members Have No Managerial Authority 11 5.5 Performance of Duties; Liability of Manager 11 5.6 Devotion of Time 11 5.7 Transactions between the Company and the Manager 12 5.8 Manager Compensation. 12 5.9 Acts of the Manager as Conclusive Evidence of Authority 12 5.10 Officers. 12 5.11 Limited Liability 14 ARTICLE VI
