Common use of Actions By Manager Clause in Contracts

Actions By Manager. Except as otherwise may be expressly provided in this Agreement, the Articles of Organization or the Act, all decisions with respect to the management of the business and affairs of the Company shall be made by action of a Manager. Each Manager shall have full and complete authority, power and discretion to manage and control the business of the Company, to make all decisions regarding those matters and to perform any and all other acts customary or incident to the management of the Company’s business, except only as to those acts as to which approval by the Member is expressly required by the Articles of Organization, this Agreement, the Act or other applicable law.

Appears in 2 contracts

Samples: Operating Agreement (Groundfloor Yield LLC), Operating Agreement (Groundfloor Yield LLC)

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Actions By Manager. Except as otherwise may be expressly provided in this Agreement, the Articles of Organization or the Act, all decisions with respect to the management of the business and affairs of the Company shall be made by action of a the Manager. Each The Manager shall have full and complete authority, power and discretion to manage and control the business of the Company, to make all decisions regarding those matters and to perform any and all other acts customary or incident to the management of the Company’s business, except only as to those acts as to which approval by the Member is expressly required by the Articles of Organization, this Agreement, the Act or other applicable law.

Appears in 2 contracts

Samples: Operating Agreement (Groundfloor Real Estate 3, LLC), Operating Agreement (Groundfloor Real Estate 1, LLC)

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