Authority of Management Committee. The Management Committee shall direct, manage and control the business of the Company. Except for situations in which the approval of the Members is expressly required by this Agreement or by nonwaivable provisions of the Act, the Management Committee shall have full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company's business. Managers may take action permitted hereunder or under the Act, only if approved by the Management Committee.
Authority of Management Committee. 4 5.8 OFFICERS...................................................................4
Authority of Management Committee. Subject to the provisions of Sections 5.8 and 5.9, the Management Committee shall have sole and unfettered discretion with respect to all determinations, decisions, consents, approvals, actions and the like by the Management Committee pursuant to this Agreement or under the Act. Without limiting the generality of the foregoing, in addition to the rights and obligations of the Management Committee provided for elsewhere in this Agreement, subject to Sections 5.8 and 5.9, the Members hereby authorize the Management Committee (or any subcommittee of the Management Committee established in accordance with Section 5.12):
Authority of Management Committee. Except as otherwise provided herein, the implementation of the Regional Plan pursuant to this Agreement shall be managed and governed by the Management Committee. In addition to the duties and authority referenced elsewhere in this Agreement, the Participants hereby delegate such functions, powers and responsibilities set forth below to the Management Committee:
Authority of Management Committee. The Board of Directors, shall have the exclusive power and authority to attain information of, and manage the business and affairs of any of the Company, to make all decisions affecting the business and affairs of the Company and to do or cause to be done any and all acts, at the expense of the Company as the Board of Directors deems necessary or appropriate. The Board of Directors and the officers appointed thereby, acting as such, shall have the power and authority to bind Company, subject to the provisions hereunder this Shareholders Agreement, except and to the extent that such power is expressly delegated in writing to any other person by the Board of Directors, and such delegation shall not cause the Board of Directors to cease to be the managing authority of Company. THE Board of Directors shall be an agent of the Company’s business, and the actions of the Board of Directors duly taken in such capacity and in accordance with this Agreement shall bind the Company. Except as otherwise expressly provided in this Agreement, all actions to be taken on behalf of the Board of Directors, including all decisions and determinations to be made and discretion to be exercised, shall be taken, made or exercised by the Board of Directors.
Authority of Management Committee. TO VARY ALLOCATIONS TO PRESERVE AND PROTECT MEMBERS' INTENT.
Authority of Management Committee. Pursuant to the provisions of this Agreement, and the Operating Agreement of LLC, as originally executed and as amended from time to time ("OPERATING AGREEMENT"), the Management Committee is granted the authority to establish business plans, policies, budgets and direction for LLC. As part of and further to this grant of authority, the Management Committee hereby takes the following actions and adopts the following provisions:
Authority of Management Committee. The operations and related contractual, financial and other affairs of the Company shall be managed and conducted under the direction of managers (each a “Manager”), who will act collectively as a “Management Committee.” No individual Manager shall have the authority to act on behalf of the Company, or to bind the Company, except as expressly provided by the Management Committee acting pursuant to this Agreement. Any action, approval or determination required to be taken by the Management Committee may only be taken by affirmative vote of a majority of the Managers then appointed, unless the vote of a greater number is required by this Agreement; provided, however, that if there is a vacancy on the Management Committee, no action, approval or determination may be taken unless the Member or Members entitled to fill such vacancy are given at least five days’ notice and an opportunity to fill such vacancy. In all Management Committee votes, each Manager shall have one vote. Managers need not be employees or Members of the Company.
Authority of Management Committee. (a) Except as otherwise expressly provided in this Agreement or otherwise agreed to by the General Partners in writing, and except as provided in Articles III and IV of the Development and Operational Agreement, the Management Committee is hereby granted the full right, power, and authority to manage, conduct, and operate the Partnership’s business and to do on behalf of the Partnership all things which, in its sole judgment, are necessary, proper, or desirable to carry out its responsibilities and duties under Article VIII hereof. Without limiting the generality of the foregoing, the Management Committee, acting in its discretion on behalf of the Partnership, may:
Authority of Management Committee. The operations and related contractual, financial and other affairs of the Company shall be managed and conducted under the direction of the Management Committee. The Management Committee shall generally have all the rights, powers, duties and obligations of a manager under the Delaware Act and as provided by other applicable law, except as restricted by this Agreement.
