Common use of Authority of the Board of Managers Clause in Contracts

Authority of the Board of Managers. (a) Except as specifically reserved to the Members in this Agreement, the Board of Managers has all power and authority to manage, and direct the management of, the business and affairs of the Company in the ordinary course of its business. Except to the extent limited by Section 4.2(c) and Section 5.1(a), approval by or action taken by the Board of Managers in accordance with this Agreement is the approval or action of the Company and is binding on each Member.

Authority of the Board of Managers. (a) Except as specifically reserved to the Members in this AgreementAgreement or as provided by applicable law, the Board of Managers has all power and authority to manage, and direct the management of, the business and affairs of the Company in the ordinary course of its business. Except to the extent limited by Section 4.2(c) and Section 5.1(a), approval Approval by or action taken by the Board of Managers in accordance with this Agreement is the approval or action of the Company and is binding on each Member.

Authority of the Board of Managers. (ai) Except as specifically reserved to the Members in this Agreementotherwise provided herein, the Board of Managers has all power and Managers, acting as a group, shall have the sole authority to managemanage and control the business, affairs and properties of the Company, and direct the management ofis authorized to approve any contracts, the business enter into any transactions, and affairs make or obtain any commitments on behalf of the Company in to conduct or further the ordinary course of its Company's business. Except to Each Manager shall have one (1) vote in all Board decisions. Notwithstanding the extent limited by Section 4.2(c) and Section 5.1(a)foregoing, approval by or action taken by the Board of Managers in accordance with this Agreement is following actions shall require the approval or action consent of the Company and is binding on each Member.:

Authority of the Board of Managers. (ai) Except as specifically reserved to the Members in this Agreementotherwise provided herein, the Board of Managers has all power and Managers, acting as a group, shall have the sole authority to managemanage and control the business, affairs and properties of the Company, and direct the management ofis authorized to approve any contracts, the business enter into any transactions, and affairs make or obtain any commitments on behalf of the Company in to conduct or further the ordinary course of its Company’s business. Except to Each Manager shall have one (1) vote in all Board decisions. Notwithstanding the extent limited by Section 4.2(c) and Section 5.1(a)foregoing, approval by or action taken by the Board of Managers in accordance with this Agreement is following actions shall require the approval or action consent of the Company and is binding on each Member.: