Common use of Authority of Management Committee Clause in Contracts

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. The Management Committee shall direct, manage (a) Subject to the limitations imposed by the Act 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 ActAgreement, the Management Committee shall have full and complete authorityexclusive authority to conduct, power and discretion to manage and control the business, affairs and properties all of the Company, business affairs of the Company and to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management business of the Company's business. Managers may take In furtherance of such authority, the Management Committee shall have all of the rights and powers provided in this Section 7.2, as amended from time to time, and, except as otherwise provided by law or this Agreement, any action permitted hereunder or under the Act, only if approved taken by the Management CommitteeCommittee shall constitute the act of and serve to bind the Company.

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 and. to perform any and o 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.