Common use of Certain Powers of Managers Clause in Contracts

Certain Powers of Managers. Without limiting the generality of the provisions set forth in Section 2.1 above, the Managers shall have the power to act on behalf of the Company: (a) To enter into and execute, on behalf of the Company, all agreements, contracts, instruments and related documents in connection with the Company's business, on such terms as the Managers, in their reasonable discretion, deem to be in the best interests of the Company. (b) To carry out the business of the Company. (c) To acquire and enter into, on behalf of the Company, any contract of insurance, which the Managers reasonably deem necessary and proper for the protection of the Company, for the conservation of its property, or for any purpose beneficial to the Company. (d) To employ persons (including affiliates of any Manager, subject to the restrictions on compensation to such affiliates set forth in this Agreement) in the operation of the Company, on such terms and for such compensation as the Managers shall reasonably determine. (e) To employ attorneys, accountants, consultants, brokers, and other outside entities or individuals (including affiliates of any Manager, subject to the restrictions on compensation to such affiliates set forth in this Agreement) on behalf of the Company. (f) To pay, collect, compromise, arbitrate, resort to legal action for or otherwise adjust claims or demands of or against the Company. (g) To sell assets to another investor as well as maintain servicing and/or obtain other incentives as deemed in the best interest of the company.