Common use of DIRECTOR'S POWERS Clause in Contracts

DIRECTOR'S POWERS. The business, affairs and property of the Company shall be managed by a Board of Directors consisting of one or more Directors. Unless otherwise required in this Agreement, the affirmative vote of a majority of the Directors shall be required on any action taken or resolution approved which requires Director approval. The Directors shall have the authority to designate one or more officers of the Company with such authority and power as the Directors shall, in their discretion, delegate to such officers. The Member shall have the power to designate the Board of Directors and to change the constituency of the Board of Directors.

DIRECTOR'S POWERS. The business, affairs and property of the Company shall be managed by a Board of Directors consisting of one or more Directors. Unless otherwise required in this Agreement, the affirmative vote of a majority of the Directors shall be required on any action taken or resolution approved which requires Director approval. The Directors shall have the authority to designate one or more officers Officers of the Company with such authority and power as the Directors shall, in their discretion, delegate to such officersOfficers. The Member shall have the power to designate the Board of Directors and to change the constituency of the Board of Directors.