Duties and Powers of the Manager. The Manager shall record, or cause to be recorded, all the resolutions of the Manager or Members in a book to be kept for that purpose, and shall perform like duties for the standing committees when required. The Manager shall give, or cause to be given, notice of any meetings of the Members or Manager and shall have custody of the seal, if any, and have authority to affix the same to any instrument requiring it, and when so affixed it may be attested by his signature. The Manager may give general authority to any other officer to affix the seal of the Company, if any, and to attest the affixing by his signature. The Manager shall keep, or cause to be kept, at the principal executive office or at the office of the Company's transfer agent or registrar, as determined by resolution of the Manager, a register, or a duplicate register, showing the names of all Members and their addresses, and the number of Units held by each. The Manager shall also keep, or cause to be kept, all documents described in Section 11.1 and such other documents as may be required under the Act and deliver documents to the Members to the extent required by Section 1 1.2 or the Act. The Manager shall be responsible for financial management and control, financial reporting to the lenders, investors and regulatory agencies, and tax planning, tax compliance and tax reporting. The Manager shall also be responsible for personnel policies and administration. The Manager shall keep and maintain, or cause to be kept and maintained, adequate and correct books and records of accounts of the properties and business transactions of the Company, including accounts of its assets, liabilities, receipts, disbursements, gains, losses, capital, and interests. The books of account shall at all reasonable times be open to inspection by the Manager. The Manager or agent expressly authorized shall have, Chief Financial Officer shall have the custody of the funds and securities of the Company, and shall keep full and accurate accounts of receipts and disbursements in books belonging to the Company, and shall deposit all moneys and other valuable effects in the name and to the credit of the Company with such depositories as may be designated by the Manager. The Chief Financial Officer shall disburse the funds of the Company as may be ordered by the Manager, taking proper vouchers for such disbursements, and shall render to the president and the Manager, or when Members so require, at a meeting of the Members...
Duties and Powers of the Manager. Without limitation of the provisions of paragraph EIGHTH, the Manager agrees to render, in connection with the Play, services customarily and usually rendered by theatrical producers, and to devote as much time thereto as it deems necessary. The Manager agrees to furnish, from the date of this agreement, office facilities including local telephone, secretarial and like facilities (but not including a press department) for which it shall receive reimbursement of disbursements incurred on behalf of the Company (such as long distance telephone calls, postage and messengers) and, beginning two weeks prior to the first rehearsal and continuing until two weeks after the close of the Play, a cash office charge of $250 per week. Such cash office charge shall also be payable to the Manager with respect to any additional company of the Play. Payments made hereunder shall be deemed to be, and shall be charged as, Running Expenses and/or Production Expenses of the Company. XxxXxxxxxxxxXxxxxxxxxxx.xxx PRO As between the Manager and the Investors, subject to the provisions of paragraph TWENTY-FIRST hereof, the Manager shall have complete control, in its discretion, both of production of the Play and the exploitation of all rights therein, including, without limiting the generality of the foregoing, changes in script, choice of cast, directors and designers, properties, sets, prices of tickets, time of opening and closing the Off-Broadway Production, and organizing and arranging for additional companies of the Play.
Duties and Powers of the Manager
