Authority of Members. Except as it relates to those matters specifically identified in Section 5.12C as requiring the approval of the Board of Directors, the management of the Company shall be vested in the Administrative Member in accordance with this Agreement (but subject to the limitations provided for in this Agreement and the rights of BREA more particularly described herein).
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Emeritus Corp\wa\), Limited Liability Company, Agreement of Purchase and Sale
