Common use of Authority of the Manager Clause in Contracts

Authority of the Manager. (a) The management and operation of this Fund and the determination of its policies shall be vested exclusively in the Manager, and all determinations made by the Manager shall be made (unless otherwise expressly provided) in the Manager's sole and absolute discretion. The Manager shall have the authority and power on behalf and in the name of this Fund to carry out any and all of the objectives and purposes ML Cornerstone FuturesAccess LLC Limited Liability Company Operating Agreement of this Fund set forth in Section 1.02, and to perform all acts and enter into and perform all contracts and other undertakings which the Manager may deem necessary or advisable in connection with such objectives and purposes or incidental thereto; provided, that the Trading Advisor shall at all times have discretionary authority over the trading and investing of this Fund. (b) The Manager is specifically authorized to manage this Fund's cash flow, pay costs by bank or other borrowings.

Authority of the Manager. (a) The management and operation of this Fund and the determination of its policies shall be vested exclusively in the Manager, and all determinations made by the Manager shall be made (unless otherwise expressly provided) in the Manager's sole and absolute discretion. The Manager shall have the authority and power on behalf and in the name of this Fund to carry out any and all of the objectives and purposes ML Cornerstone Appleton FuturesAccess LLC Limited Liability Company Operating Agreement Xxxxxxxxx of this Fund set forth in Section 1.02, and to perform all acts and enter into and perform all contracts and other undertakings which the Manager may deem necessary or advisable in connection with such objectives and purposes or incidental thereto; provided, that the Trading Advisor shall at all times have discretionary authority over the trading and investing of this Fund. (b) The Manager is specifically authorized to manage this Fund's cash flow, pay costs by bank or other borrowings.

Authority of the Manager. (a) The management and operation of this Fund and the determination of its policies shall be vested exclusively in the Manager, and all determinations made by the Manager shall be made (unless otherwise expressly provided) in the Manager's sole and absolute discretion. The Manager shall have the authority and power on behalf and in the name of this Fund to carry out any and all of the objectives and purposes ML Cornerstone XX Xxxxxx FuturesAccess LLC Limited Liability Company Operating Agreement of this Fund set forth in Section 1.02, and to perform all acts and enter into and perform all contracts and other undertakings which the Manager may deem necessary or advisable in connection with such objectives and purposes or incidental thereto; provided, that the Trading Advisor shall at all times have discretionary authority over the trading and investing of this Fund. (b) The Manager is specifically authorized to manage this Fund's cash flow, pay costs by bank or other borrowings.

Authority of the Manager. (a) The management and operation of this Fund and the determination of its policies shall be vested exclusively in the Manager, and all determinations made by the Manager shall be made (unless otherwise expressly provided) in the Manager's sole and absolute discretion. The Manager shall have the authority and power on behalf and in the name of this Fund to carry out any and all of the objectives and purposes ML Cornerstone Aspect FuturesAccess LLC Limited Liability Company Operating Agreement of this Fund set forth in Section 1.02, and to perform all acts and enter into and perform all contracts and other undertakings which the Manager may deem necessary or advisable in connection with such objectives and purposes or incidental thereto; provided, that the Trading Advisor shall at all times have discretionary authority over the trading and investing of this Fund. (b) The Manager is specifically authorized to manage this Fund's cash flow, pay costs by bank or other borrowings.