Duties and Obligations of the Board of Managers. (a) The board of managers shall take all reasonable action that may be necessary or appropriate for the continuation of the Company's valid existence as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Company to conduct the business in which it is engaged.
Duties and Obligations of the Board of Managers. (a) The Board of Managers may engage one or more managers or Officers to advise the Board of Managers and be responsible for directing the day-to-day operations of the Company under the supervision of the Board of Managers. Each Manager shall be deemed a “manager” of the Company for all purposes of, and with the meaning set forth in, the Delaware Act.
Duties and Obligations of the Board of Managers. 5.2.1 The Board of Managers will use reasonable efforts, and act in good faith to find opportunities for investment in Investments. The Board of Managers shall have the discretion to determine the amount, terms and provisions of the Investments to be made by the Company.
Duties and Obligations of the Board of Managers. (a) The Board of Managers shall cause the Company to conduct its business and affairs separate and apart from the business and affairs of any Member or Manager, or any Affiliate of any Member or Manager, including, without limitation, (i) segregating Company assets and not allowing funds or other assets of the Company to be commingled with the funds or other assets of, held by, or registered in the name of any Member or Manager, or any Affiliate of any Member or Manager, (ii) maintaining books and financial records of the Company separate from the books and financial records of any Member or Manager and the Affiliates of any Member or Manager, and observing all Company procedures and formalities, (iii) causing the Company to pay its liabilities from assets of the Company, and (iv) causing the Company to conduct its dealings with third parties in its own name and as a separate and independent entity.
Duties and Obligations of the Board of Managers. (a) Except as may be provided in the Related Agreements, the Board of Managers shall cause the Company to conduct its business and operations separate and apart from that of any other Person, including, without limitation, (i) segregating Company assets and bank accounts and not allowing funds or other assets of the Company to be commingled with the funds or other assets of, held by, or registered in the name of, any other Person, (ii) maintaining books and financial records of the Company separate from the books and financial records of any other Person, and observing all Company procedures and formalities, including, without limitation, maintaining minutes of meetings and acting on behalf of the Company only pursuant to due authorization of the Members, (iii) paying its liabilities from assets of the Company, (iv) conducting its dealings with third parties in its own name and as a separate and independent entity, (v) maintaining its assets in such a manner that minimizes the cost and difficulty of segregating, ascertaining or otherwise identifying its assets from those of any other Person, and (vi) abiding by all formalities under the Act with respect to causing the Company’s financial statements to be prepared in accordance with GAAP and in a manner that indicates the separateness of the Company and the Company’s assets and liabilities from any other Person.
Duties and Obligations of the Board of Managers. (a) The Board of Managers shall cause the Company to conduct its business and operations separate and apart from that of any Member or Manager or any of its Affiliates, including, without limitation, (i) segregating Company assets and not allowing funds or other assets of the Company to be commingled with the funds or other assets or, held by, or registered in the name of, any Member or Manager or any of its Affiliates, (ii) maintaining books and financial records of the Company separate from the books and financial records of any Member or Manager and its Affiliates, and observing all Company procedures and formalities, including, without limitation, maintaining minutes of Company meetings and action on behalf of the Company only pursuant to due authorization of the Members, (iii) causing the Company to pay its liabilities from assets of the Company, and (iv) causing the Company to conduct its dealings with third parties in its own name and as a separate and independent entity.
Duties and Obligations of the Board of Managers. (a) The Board of Managers shall take all actions that may be reasonably necessary or appropriate (i) for the continuation of the Plan’s valid existence as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Plan to conduct the Business and (ii) subject to Section 4.4(b), (c) and (d), for the accomplishment of the Plan’s purposes, including the acquisition, development, maintenance, preservation, and operation of Property in accordance with the provisions of this Agreement and applicable laws and regulations.
Duties and Obligations of the Board of Managers. Subject to the provisions of Section 5.4 hereof,
Duties and Obligations of the Board of Managers. Subject to the provisions of Section 5.04 hereof:
Duties and Obligations of the Board of Managers
