Authority of the Board. (a) The business and affairs of the Company shall be managed by or under the direction of the Board. The power to act for and bind the Company shall be vested exclusively in the Board, subject to the authority of the Board to delegate powers and duties to a Committee thereof or to the Officers.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.), Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.), Limited Liability Company Agreement (Walgreens Boots Alliance, Inc.)
Authority of the Board. (a) The business business, property and affairs of the Company shall be managed by or under the sole, absolute and exclusive direction of the Board. The power , which may from time to time delegate authority to officers or to others to act for and bind the Company shall be vested exclusively in on behalf of the Board, subject to the authority of the Board to delegate powers and duties to a Committee thereof or to the Officers.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Apollo Global Management LLC), Limited Liability Company Agreement (Apollo Global Management LLC), Limited Liability Company Agreement (Apollo Global Management LLC)
Authority of the Board. (a) The business and affairs of the Company shall be managed by or under the direction of Board which shall have the Board. The full and exclusive power and authority to represent the Company, to act for in its name, and bind to manage the Company shall be vested exclusively in the Board, subject to the authority of the Board to delegate powers and duties to a Committee thereof or to the Officersbusiness.
Appears in 3 contracts
Samples: Operating Agreement (RealD Inc.), Operating Agreement (RealD Inc.), Operating Agreement (Ballantyne of Omaha Inc)
Authority of the Board. (a) The business and affairs of the Company shall be managed by or under the direction of the Board. The power to act for and bind the Company shall be vested exclusively in the BoardBoard and not in any individual Director, subject to the authority of the Board to delegate powers and duties to a Committee committee thereof or to the Officers. Notwithstanding the foregoing, the Board and the Company shall not effectuate a Sale of the Company without obtaining the consent of a Majority-in-Interest of the Members.
Appears in 1 contract
Samples: Limited Liability Company Agreement
