Agreement Administration. This Agreement will be administered by the Managing Member. Except as limited by law, the Managing Member will have full power to construe and interpret this Agreement and the LLC Agreement, to establish, amend or waive rules and regulations for this Agreement’s administration, and to make all other determinations that may be necessary or advisable to administer this Agreement. As permitted by law, the Managing Member may delegate some or all of its authority under this Agreement. All determinations and decisions made by the Managing Member (or its delegate) pursuant to the provisions of this Agreement will be final, conclusive and binding on all Persons, including, without limitation, the Company, its Members, all Affiliates, the Participant and his successors, heirs and assigns.
Appears in 6 contracts
Samples: Class a Unit Award Agreement (Medley LLC), Class a Unit Award Agreement (Medley Management Inc.), Class a Unit Award Agreement (Medley LLC)
Agreement Administration. This Agreement will be administered by the Managing MemberBoard of Managers. Except as limited by law, the Managing Member Board of Managers will have full power to construe and interpret this Agreement and the LLC Agreement, to establish, amend or waive rules and regulations for this Agreement’s 's administration, and to make all other determinations that may be necessary or advisable to administer this Agreement. As permitted by law, the Managing Member Board of Managers may delegate some or all of its authority under this Agreement. All determinations and decisions made by the Managing Member Board of Managers (or its delegate) pursuant to the provisions of this Agreement will be final, conclusive and binding on all Persons, including, without limitation, the Company, its Members, all Affiliates, the Participant Participants and his successors, heirs their estates and assignsbeneficiaries.
Appears in 2 contracts
Samples: Class C Unit Award Agreement (Medley Management Inc.), Class C Unit Award Agreement (Medley Management Inc.)
Agreement Administration. This Agreement will be administered by the Managing MemberBoard of Managers. Except as limited by law, the Managing Member Board of Managers will have full power to construe and interpret this Agreement and the LLC Agreement, to establish, amend or waive rules and regulations for this Agreement’s administration, and to make all other determinations that may be necessary or advisable to administer this Agreement. As permitted by law, the Managing Member Board of Managers may delegate some or all of its authority under this Agreement. All determinations and decisions made by the Managing Member Board of Managers (or its delegate) pursuant to the provisions of this Agreement will be final, conclusive and binding on all Persons, including, without limitation, the Company, its Members, all Affiliates, the Participant Participants and his successors, heirs their estates and assignsbeneficiaries.
Appears in 1 contract
Samples: Class C Unit Award Agreement (Medley Management Inc.)