Business Management. (a) The business and affairs of the Company shall be managed exclusively by the Managers. The Managers shall, acting in their sole discretion, direct, manage, and control the business of the Company to the best of their ability and shall have full and complete authority, power and discretion to make any and all decisions and to do any and all things which they shall deem to be necessary, appropriate, or convenient to accomplish the business and objectives of the Company. (b) No Member (except one who may also be a Manager) shall participate in or have any control over the Company business, except as required by law or as provided by this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Tempur Pedic International Inc), Limited Liability Company Agreement (Tempur Pedic International Inc)
Business Management. (a) The business and affairs of the Company shall be managed exclusively by the Managers. The Managers shall, acting in their sole discretion, direct, manage, and control the business of the Company to the best of their ability and shall have full .full and complete authority, power and discretion to make any and all decisions and to do any and all things which they shall deem to be necessary, appropriate, or convenient to accomplish the business and objectives of the Company.
(b) No Member (except one who may also be a Manager) shall participate in or have any control over the Company business, except as required by law or as provided by this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sealy US Sales, LLC), Limited Liability Company Agreement (Tempur Pedic International Inc)
Business Management. (a) The business and affairs of the Company shall be managed exclusively by the ManagersManaging Member. The Managers Managing Member shall, acting in their its sole discretion, direct, manage, and control the business of the Company to the best of their its ability and shall have full and complete authority, power and discretion to make any and all decisions and to do any and all things which they it shall deem to be necessary, appropriate, or convenient reasonably required to accomplish the business and objectives of the Company.
(b) No Member (except one who may also be a Managerthe Managing Member) shall participate in or have any control over the Company business, except as required by law or as provided by this Agreement.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Berkshire Income Realty Inc)
