Powers of Managers, Director of Oversight Board and Director of LLC Administration Sample Clauses

Powers of Managers, Director of Oversight Board and Director of LLC Administration. Sections 5.3(a), (b), (c), (d) and (e) designate specific powers exercisable solely by the Corporate Manager or the Individual Managers, as applicable, which powers are to be carried out by them or on their behalf by the Director of Oversight Board or Director of LLC Administration, as set forth below, as well as those powers which require the consent of others. The power to make any decisions under this Agreement or with respect to the Company that are not specifically set forth in this Sections 5.3(a), (b), (c), (d) and (e) shall be vested in the Individual Managers, who may exercise said power in their sole and absolute discretion and may delegate the power to make one or more of said decisions to the Director of Oversight Board.
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