Common use of Certain Powers of Managers Clause in Contracts

Certain Powers of Managers. Without limiting the generality of Section 12.1, the Managers shall have the power and authority, upon the unanimous agreement of all Managers, on behalf of the Company: 12.4.1 To cause the Company to develop the Project in accordance with the Plans and Specifications without any material deviation therefrom; 12.4.2 To purchase liability and other insurance to protect the Company's Property and business; 12.4.3 To hold and own any and all Company Property on behalf of and in the name of the Company; 12.4.4 To invest any Company funds temporarily in time deposits with federally insured financial institutions or short-term United States governmental obligations; 12.4.5 Subject to the provisions of this Agreement, to employ accountants, legal counsel, managing agents or other experts to perform services for the Company and to compensate them from Company funds; and 12.4.6 To do and perform all other acts as may be necessary or appropriate to the conduct of the Company's ordinary course of business. Unless authorized to do so by this Agreement or by the Managers of the Company, no Member, agent, or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable pecuniarily for any purpose. However, the Managers may act by a duly authorized attorney-in-fact.

Certain Powers of Managers. Without limiting the generality of Section 12.1, the Managers shall have the power and authority, upon the unanimous agreement of all Managers, on behalf of the Company: 12.4.1 To cause the Company to develop the Project in accordance with the Plans and Specifications without any material deviation therefromSpecifications; 12.4.2 To purchase liability and other insurance to protect the Company's Property and business; 12.4.3 To hold and own any and all Company Property on behalf of and in the name of the Company; 12.4.4 To invest any Company funds temporarily in time deposits with federally insured financial institutions or short-term United States governmental obligations; 12.4.5 Subject to the provisions of this Agreement, to employ accountants, legal counsel, managing agents or other experts to perform services for the Company and to compensate them from Company funds; and 12.4.6 To do and perform all other acts as may be necessary or appropriate to the conduct of the Company's ordinary course of business. Unless authorized to do so by this Agreement or by the Managers of the Company, no Member, agent, or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable pecuniarily for any purpose. However, the Managers may act by a duly authorized attorney-in-fact.

Certain Powers of Managers. Without limiting the generality of Section 12.1, the Managers shall have the power and authority, upon the unanimous agreement of all Managers, on behalf of the Company: 12.4.1 To cause the Company to develop the Project in accordance with the Plans and Specifications without any material deviation therefromSpecifications; 12.4.2 To purchase liability and other insurance to protect the Company's Property and business; 12.4.3 To hold and own any and all Company Property on behalf of and in the name of the Company; 12.4.4 To invest any Company funds temporarily in time deposits with federally insured financial institutions or short-short- term United States governmental obligations; 12.4.5 Subject to the provisions of this Agreement, to employ accountants, legal counsel, managing agents or other experts to perform services for the Company and to compensate them from Company funds; and 12.4.6 To do and perform all other acts as may be necessary or appropriate to the conduct of the Company's ordinary course of business. Unless authorized to do so by this Agreement or by the Managers of the Company, no Member, agent, or employee of the Company shall have any power or authority to bind the Company in any way, to pledge its credit or to render it liable pecuniarily for any purpose. However, the Managers may act by a duly authorized attorney-in-fact.