AUTHORITY OF THE SPONSOR. (a) (i) The Sponsor shall have full and complete charge of all affairs of the Platform. The management and control of the Platform's business and its assets shall rest exclusively with the Sponsor. The Sponsor shall have all of the rights and powers that can be granted to the Sponsor under the Act and as otherwise provided by Law, and any action taken on behalf of the Platform by the Sponsor shall constitute the act of and bind the Platform.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (UBS Managed Futures LLC (Aspect Series)), Limited Liability Company Agreement (UBS Managed Futures LLC (Aspect Series))
AUTHORITY OF THE SPONSOR. (a) (i) The Sponsor shall have full and complete charge of all affairs of the Platform. The management and control of the Platform's ’s business and its assets shall rest exclusively with the Sponsor. The Sponsor shall have all of the rights and powers that can be granted to the Sponsor under the Act and as otherwise provided by Law, and any action taken on behalf of the Platform by the Sponsor shall constitute the act of and bind the Platform.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (AlphaMetrix Managed Futures III LLC (AlphaMetrix WC Diversified Series)), Limited Liability Company Agreement (UBS Managed Futures LLC (Aspect Series))
