Management in General. (a) The management and control of the business of the Company shall be vested exclusively in a position entitled the “Managing Member,” and the Managing Member shall have exclusive power and authority, in the name of and on behalf of the Company, to perform all acts and do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the Company; with or without the vote or consent of the Members in their capacity as such, except as specifically provided in this Agreement. Members, in their capacity as such, shall have no right to amend or terminate this Agreement or to appoint, select, vote for or remove the Managing Member, the officers or their agents or to exercise voting rights or call a meeting of the Members, except as specifically provided in this Agreement. No Member other than the Managing Member shall have the power to sign for or bind the Company to any agreement or document in its capacity as a Member, but the Managing Member may delegate the power to sign for or bind the Company to one or more officers.
Management in General. The business and affairs of the Company shall be managed under the direction and control of a manager (the “Manager”), who need not be a Member. The Manager initially shall be the Member. All powers of the Company shall be exercised by or under the authority of the Manager. Decisions of the Manager within the Manager’s scope of authority shall be binding upon the Company and the Member.
Management in General. Management of the LCR MSCP and implementation of its terms and the terms of the Permit and the Biological Opinion shall be the responsibility of Reclamation, which, in consultation with the Steering Committee, will employ a person who shall be designated the Program Manager of the LCR MSCP. Reclamation shall cooperate with and coordinate its management and implementation activities for the LCR MSCP with the Service and the other Members of the Steering Committee.
Management in General. Subject to the other terms and conditions of this Agreement, including the delegations of power and authority set forth herein, the management and control of the business of the LLC shall be vested exclusively in the Manager Member, and the Manager Member shall have exclusive power and authority, in the name of and on behalf of the LLC, to perform all acts and do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the LLC, with or without the vote or consent of the other Members in their capacity as such; PROVIDED, HOWEVER, that the Manager Member's power and authority over those matters delegated exclusively to the Management Committee pursuant to Section 3.5 of this Agreement shall be limited to (i) the Manager Member's power and authority under Section 3.2(b)(v) to designate members of the Management Committee and (ii) such other power and authority as is expressly granted or reserved to the Manager Member by other provisions of this Agreement (other than this Section 3.1(a)). Members, in their capacity as such, shall have no right to amend or terminate this Agreement or to appoint, select, vote for or remove the Manager Member, the Officers or their agents or to exercise voting rights or call a meeting of the Members, except as specifically provided in this Agreement. No Member other than the Manager Member shall have the power to sign for or bind the LLC in its capacity as a Member, but the Manager Member may delegate the power to sign for or bind the LLC to one or more Officers (including without limitation through delegation to the Management Committee).
Management in General. (a) Subject to the provisions of this Agreement, the management and control of the business of the Partnership shall be vested exclusively in the General Partner, and the General Partner shall have exclusive power and authority, in the name of and on behalf of the Partnership, to perform all acts and do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the Partnership; provided, however, that the General Partner shall not have the power to execute, or cause the execution of, transactions in, or exercise any powers or privileges with respect to, securities and other instruments in accounts of clients of the Partnership. No Partner other than the General Partner shall have the power to sign for or bind the Partnership to any agreement or document, but the General Partner may delegate the power to sign for or bind the Partnership to one or more Officers of the Partnership. Subject to the provisions of this Agreement, the General Partner shall be authorized to act, and to execute documents and instruments alone on all material matters affecting the Partnership's business; provided, however, that the General Partner shall not cause the Partnership to borrow substantial funds or to guarantee the repayment of such borrowings, in each case, to the extent such borrowing or guarantee is to be repaid out of Operating Cash Flow.
Management in General. (a) Subject to the provisions of this Agreement, the management and control of the business of the Partnership shall be vested exclusively in the General Partner, and the General Partner shall have exclusive power and authority, in the name of and on behalf of the Partnership, to perform all acts and do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the Partnership. No Partner other than the General Partner shall have the power to sign for or bind the Partnership to any agreement or document, but the General Partner may delegate the power to sign for or bind the Partnership to one or more Officers of the Partnership. The General Partner shall be authorized to act, and to execute documents and instruments alone on all material matters affecting the Partnership's business.
Management in General. (a) The management and control of the business of the Partnership shall be vested in the General Partner. Except to the extent otherwise provided in Section 3.3 hereof (recognizing expressly that the General Partner has delegated only specific responsibilities pursuant to Sections 3.3(a), 3.3(b) and 3.3(c) hereof, and acknowledging that the General Partner will have all such rights, duties, obligations and liabilities under Delaware law as derive from being the general partner of a Delaware limited partnership, and under the provisions of this Agreement), the General Partner, acting alone with no other approval or authorization of the Partners (except to the extent that any specific provision of this Agreement requires a Majority Vote), shall have the power and authority, in the name of and on behalf of the Partnership, to perform all acts and do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the Partnership, including, without limitation, (i) to enter into, execute, amend, supplement, acknowledge and deliver any and all contracts, agreements, leases or other instruments for the operation of the Partnership's business; and (ii) in general to do all things and execute all documents necessary or appropriate to conduct the business of the Partnership as set forth in Section 2.3 hereof, or to protect and preserve the Partnership's assets. Notwithstanding any other provision of law or of this Agreement, the General Partner shall not, without a Majority Vote, cause the Partnership to:
Management in General. (a) The management and control of the business of the LLC shall be vested exclusively in the Manager Member, and the Manager Member shall have exclusive power and authority, in the name of and on behalf of the LLC, to perform all acts and do all things which, in its sole discretion, it deems necessary or desirable to conduct the business of the LLC; with or without the vote or consent of the Members in their capacity as such, except as specifically provided in this Agreement; provided, however, that the Manager Member shall not have the power to execute, or cause the execution of, transactions in, or exercise any powers or privileges with respect to, securities and other instruments in accounts of clients of the LLC, which powers and privileges are hereby delegated exclusively to the Management Board pursuant to Section 3.3 hereof. Members, in their capacity as such, shall have no right to amend or terminate this Agreement or to appoint, select, vote for or remove the Manager Member, the Officers or their agents or to exercise voting rights or call a meeting of the Members, except as specifically
Management in General. 16.1 As a public sector authority committed to deriving maximum value for taxpayers' money, the Transport Authority must apply quality management principles in all aspects of its operations.
Management in General. It is understood and agreed that the Management Board provided for in Section 2.2 shall irrevocably be delegated and have the authority to manage the day-to-day business of the Company, that certain actions, but only to the extent expressly specified hereinafter, that are material to the business or that affect the interests of the Manager and its Affiliates may only be taken by the Management Board with the consent of the Manager, that certain activities, but only to the extent expressly specified hereinafter, in the financial and compliance areas require coordination between the Management Board and the Manager and that for regulatory reasons the Manager shall have the ability to alter the foregoing structure but that except in narrowly defined circumstances any such alteration will subject the Manager to substantial penalties.
