Control of Business. Subject to Section 6.4 below and the provisions of the Act, (i) the business and affairs of the Company will be managed or under the direction of the Board of Directors, and (ii) the power to act for and bind the Company will be vested exclusively in the Board of Directors, subject to the authority of the Board of Directors to delegate powers and duties to the Officers as set forth in this Agreement.
Appears in 2 contracts
Samples: Operating Agreement, Operating Agreement (International Assets Holding Corp)
Control of Business. Subject to the limitations contained in Section 6.4 below 8.4, and the provisions of the Act, (i) the business and affairs of the Company will and ORS shall be managed or under the direction of the Board of Directors, and (ii) the power to act for and bind the Company will and ORS shall be vested exclusively in the Board of Directors, subject to the authority of the Board of Directors to delegate powers and duties to the Officers as set forth in this Agreement.
Appears in 2 contracts
Samples: Operating Agreement (Eastern Airlines Inc), Operating Agreement (Eglobe Inc)
