Common use of Management and Authority Clause in Contracts

Management and Authority. The business and affairs of the Company shall be managed by its Member. Except as otherwise provided by applicable law and this Agreement, the Member shall have sole, exclusive, full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, 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, including, without limitation, the right and power to appoint individuals to serve as officers of the Company (“Officers”) and to delegate authority to such Officers. The signature of any officer of the Member on any document purporting to bind the Company shall constitute exclusive evidence to third parties of the authority of such person to execute such document on behalf of the Company and so bind the Company.

Management and Authority. The business and affairs of the Company shall be managed by its Member. Except as otherwise provided by applicable law and this Agreement, the Member shall have sole, exclusive, full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, 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, including, without limitation, the right and power to appoint individuals to serve as officers of the Company (“Officers”) and to delegate authority to such Officers. The signature of any officer of the Member on any document purporting to bind the Company shall constitute exclusive conclusive evidence to third parties of the authority of such person to execute such document on behalf of the Company and so bind the Company.