Common use of Authority of the Advisor Clause in Contracts

Authority of the Advisor. (a) Pursuant to the terms of this Agreement (including the restrictions included in this Section 4 and in Section 7), and subject to the continuing and exclusive authority of the Directors over the management of the Company, the Board hereby delegates to the Advisor the authority to take those actions set forth in Section 3.

Authority of the Advisor. (a) 4.1 Pursuant to the terms of this Agreement (including the restrictions included set forth in this Section 4 and in Section 75), and subject to the continuing and exclusive authority of the Directors over the management of the CompanyBoard, the Board hereby delegates to the Advisor the authority to take those actions perform the services described in Section 3. The Advisor shall have the power to delegate all or any part of its rights and powers to manage the business and affairs of the Company to such officers, employees, Affiliates, agents and representatives of the Advisor or the Company as it may deem appropriate. Any authority delegated by the Advisor to any other Person shall be subject to the limitations on the rights and powers of the Advisor specifically set forth in Section 3this Agreement.