Common use of Management by Board of Directors Clause in Contracts

Management by Board of Directors. (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, who shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The Except as otherwise set forth herein, the management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The Except as otherwise set forth herein, the powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, who shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, whowhich, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management Board shall conduct, direct and manage all activities of the Company is fully reserved to the MembersCompany. Except as otherwise expressly provided in this Agreement, and the Company shall not have “managers” as that term is used in the Act. The all management powers of the Company shall be exercised by or under the authority of, and over the business and affairs of the Company shall be managed under exclusively vested in the direction ofBoard, and no Member shall have any management power over the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions business and take all actions for affairs of the Company.

Management by Board of Directors. (a) The management of the Company is fully reserved All powers to the Membersconduct, direct and the Company shall not have “managers” as that term is used in the Act. The powers manage all activities of the Company shall be exercised by or under fully vested in the authority ofMembers, acting exclusively through the Board and their Representatives on the Board. Except as otherwise expressly provided in this Agreement, all management powers over the business and affairs of the Company shall be managed under exclusively vested in the direction ofBoard, and the Members, who, except as expressly provided otherwise Members shall act solely through the Board. Decisions or actions taken by the Board in accordance with the provisions of this Agreement, Agreement shall make all constitute decisions or actions by the Company and take all actions for the CompanyMembers and shall be binding on each Member.

Management by Board of Directors. (ad) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management of the Company is fully reserved to the MembersManaging Member, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the MembersManaging Member, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management of the Company is fully reserved to the Membersthose Members that are Common Unitholders, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Membersthose Members that are Common Unitholders, who, except as expressly provided otherwise in this Agreement, who shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the ActSole Member. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the MembersSole Member, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The Subject to matters that are expressly reserved under this Agreement or under the Act to the Shareholders for vote, decision or approval and any delegation of rights and powers as provided for in this Agreement, the management of the Company is fully reserved will be vested in a board of Directors (the "Board of Directors" or "Board") that will have the sole right to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and manage the business and affairs of the Company shall be managed under and will have all powers and rights necessary, appropriate or advisable to effectuate and carry out the direction ofpurposes, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions business and take all actions for affairs of the Company. Each Director is deemed to be a "manager" within the meaning to Section 18-101(10) of the Act.

Management by Board of Directors. (a) The management of the Company is fully reserved to the MembersMember, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, a Board of Directors elected in accordance with Section 8(d) (the Members“Board of Directors”), who, except as expressly provided otherwise in this Agreement, who shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The All management of powers over the Company is fully reserved to the Members, business and the Company shall not have “managers” as that term is used in the Act. The powers affairs of the Company shall be exercised by or under (i) exclusively vested in a board of directors (the authority of“Board”) and (ii), subject to the Board, the officers of the Company (the “Officers”), which members of the Board (each, a “Director”) and Officers shall collectively constitute “managers” of the Company within the meaning of the Act. Except as otherwise specifically provided in this Agreement, the business and affairs of the Company shall be managed under the direction ofof the Board, and the Members, who, except as expressly provided otherwise in this Agreement, day-to-day activities of the Company shall make all decisions and take all actions for be conducted on the Company’s behalf by the Officers who shall be agents of the Company.

Management by Board of Directors. (a1) The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. The powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.