Management and Powers. The intent of each Member is to actively engage in the Company management. Accordingly, each Member shall have full, complete and exclusive authority, power and discretion to manage and control the business, property and affairs 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 property and affairs.
Management and Powers. The making of all Major Decisions concerning the Company shall require the approval of the Manager. As used herein, the term Major Decision shall mean:
Management and Powers. In entering into this Agreement, the intent of each Member is to actively engage in the management of the Company. The Members shall have the responsibility to perform any and all acts or activities customary or incident to the management of the Company's business, property and affairs. Unless expressly stated to the contrary, management decisions of the Company shall require the consent or approval of all Members and any provision in this Agreement requiring the consent or approval of the Members shall mean the consent of all of the Members.
Management and Powers. It is the intent of the Members to engage the services of a Manager for the Company. Accordingly, unless otherwise limited by the Articles or this Agreement, the Manager shall have full, complete and exclusive authority, power, and discretion to manage and control the day-to- day business, property holdings and affairs of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incidental to the management of the Company’s, business, property and affairs except as set forth in §4.3 below. The Manager shall provide a quarterly report to the Members.
Management and Powers. 7 4.2 Limitation on Power of Members.........................7 4.3
Management and Powers. (a) In entering into this Agreement, the intent of each Member is to actively engage in the management of the Company. Accordingly, unless otherwise limited by the Articles or this Agreement, each Member shall have full and complete authority, power, and discretion to manage and control the business, property and affairs of the Company and the operation and organization of the Tour, 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 and affairs and the operation and organization of the Tour.
Management and Powers. Xxxxx shall have the title of Manager, as defined in the Act. Notwithstanding that Xxxxx is named as Manager, the Company shall be managed by the Members. Xxxxx shall also be named President of the Company. The Members acknowledge that Craig's compensation shall be based upon a reasonable allocation of duties between Xxxxx and Xxxxx Xxxxx ("Xxxxx"), and that if Xxxxx is unavailable and unable to perform such duties due to long-term commitments outside of this Company, such as directing a motion picture, the Members should hold good faith discussions regarding whether an adjustment to Craig's compensation is warranted.
Management and Powers. (i) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of one (1) to five (5) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of three (3) members, who shall be Ronald O. Perelman, Howard Gittxx xxx Xxxx X.
Management and Powers. In entering into this Agreement it is the intent of each Member to engage in the management of the Company; however, all management and operational decisions will be made by approval of Members holding Majority Interests, In addition, Members holding Majority Interests may temporarily delegate any of such management and operational authority as such Members deem appropriate.
Management and Powers. The business and affairs of the Company shall be managed by or under the direction of the Sole Member.
