Collection and Payment. The Directors shall have power to collect all property due to the Company; to pay all claims, including taxes, against the Company Property; to prosecute, defend, compromise or abandon any claims relating to the Company Property; to foreclose any security interest securing any obligations by virtue of which any property is owed to the Company; and to enter into releases, agreements and other instruments.
Appears in 10 contracts
Samples: Limited Liability Company Agreement (Master Value Opportunities LLC), Limited Liability Company Agreement (Master Basic Value LLC), Limited Liability Company Agreement (Master Institutional Money Market LLC)
Collection and Payment. The Directors shall have power on behalf of the Company to collect all property due to the Company; to pay all claims, including taxes, against the Company Property; to prosecute, defend, compromise or abandon any claims relating to the Company Property; to foreclose any security interest securing any obligations by virtue of which any property is owed to the Company; and to enter into releases, agreements and other instruments.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Oppenheimer Master Inflation Protected Securities Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Loan Fund, LLC), Limited Liability Company Agreement (Oppenheimer Master Event-Linked Bond Fund, LLC)
Collection and Payment. The Directors shall have power to collect all property due to the CompanyCompany or any Series; to pay all claims, including taxes, against the Company Property; to prosecute, defend, compromise or abandon any claims relating to the Company Property; to foreclose any security interest securing any obligations by virtue of which any property is owed to the CompanyCompany or any Series; and to enter into releases, agreements and other instruments.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Blackrock Master LLC), Limited Liability Company Agreement (Quantitative Master Series LLC), Limited Liability Company Agreement (Short Term Bond Master LLC)
