Common use of Examples of Manager’s Authority Clause in Contracts

Examples of Manager’s Authority. Without limiting the grant of authority set forth in section 5.1.2, the Manager shall have the power to (i) determine and adjust the price of Class A Shares from time to time; (ii) issue Class A Shares to any person for such consideration as the Manager maybe determine in its sole discretion, and admit such persons to the Company as Class A Members; (iii) make all decisions concerning the Property; (iv) engage the services of third parties to perform services; (v) enter into joint ventures, leases and any other contracts of any kind; (vi) incur indebtedness, whether to banks or other lenders; (vii) determine the amount and the timing of distributions; (ix) determine the information to be provided to the Members; (x) grant mortgage, liens, and other encumbrances on the assets of the Company and the Property; (xi) make all elections under the Code and State and local tax laws; (xii) file and settle lawsuits; (xiii) file a petition in bankruptcy; (xiv) discontinue the business of the Company; (xv) sell all or any portion of the assets of the Company or the Property; and (xvi) dissolve the Company.

Examples of Manager’s Authority. Without limiting the grant of authority set forth in section Section 5.1.2, the Manager shall have the power to (i) determine and adjust the price of Class A Shares from time to time; (ii) issue Class A Shares to any person for such consideration as the Manager maybe determine in its sole discretion, and admit such persons to the Company as Class A Members; (iii) make all decisions concerning lease the PropertyProperty on such terms and for such periods as the Manager may determine in its sole discretion; (iv) engage the services of third parties to perform services; (v) enter into joint ventures, leases ventures and any other contracts of any kind; (vi) incur indebtedness, whether to banks or other lenders; (vii) determine the amount and the timing of distributions; (ix) determine the information to be provided to the Members; (x) grant mortgage, liens, and other encumbrances on the assets of the Company and the Property; (xi) make all elections under the Code and State and local tax laws; (xii) file and settle lawsuits; (xiii) file a petition in bankruptcy; (xiv) discontinue the business of the Company; (xv) sell all or any portion of the assets of the Company or the Property; and (xvi) dissolve the Company.;

Examples of Manager’s Authority. Without limiting the grant of authority set forth in section 5.1.2, the Manager shall have the power to (i) create series of Investor Shares with such terms and conditions as the Manager may determine and adjust the price of Class A Shares from time to timein its sole discretion; (ii) issue Class A Shares to any person for such consideration as the Manager maybe determine in its sole discretion, and admit such persons to the Company as Class A Investor Members; (iii) make all decisions concerning the Property; (iv) engage the services of third parties to perform servicesservices on behalf of the Company; (iv) enter into one or more joint ventures; (v) purchase, lease, sell, or otherwise dispose of mortgages, real estate, and other assets, in the ordinary course of business or otherwise; (vi) enter into joint ventures, leases and any other contracts of any kind; (vivii) incur indebtednessindebtedness on behalf of the Company, whether to banks or other lenders; (viiviii) determine the amount and the timing of distributionsdistributions to Members; (ix) determine the information to be provided to the Members; (x) grant mortgage, liens, and other encumbrances on the assets of the Company and the PropertyCompany’s assets; (xi) make all elections under the Code and the provisions of State and local tax laws, including but not limited the election to be treated as a real estate investment trust; (xii) file and settle lawsuitslawsuits on behalf of the Company; (xiii) file a petition in bankruptcy; (xiv) discontinue the business of the Company; and (xv) sell all or any portion of the assets of the Company or the Property; and (xvi) dissolve the Company.

Examples of Manager’s Authority. Without limiting the grant of authority set forth in section 5.1.2, the Manager shall have the power to (i) create classes of Investor Shares with such terms and conditions as the Manager may determine and adjust the price of Class A Shares from time to timein its sole discretion; (ii) issue Class A Shares to any person for such consideration as the Manager maybe determine in its sole discretion, and admit such persons to the Company as Class A Investor Members; (iii) make all decisions concerning the Property; (iv) engage the services of third parties to perform servicesservices on behalf of the Company; (iv) enter into one or more joint ventures; (v) purchase, lease, sell, or otherwise dispose of real estate and other assets, in the ordinary course of business or otherwise; (vi) enter into joint ventures, leases and any other contracts of any kind; (vivii) incur indebtednessindebtedness on behalf of the Company, whether to banks or other lenders; (viiviii) determine the amount of the Company’s Available Cash and the timing and amount of distributionsdistributions to Members; (ix) determine the information to be provided to the Members; (x) grant mortgagemortgages, liens, and other encumbrances on the assets of the Company and the PropertyCompany’s assets; (xi) make all elections under the Code and the provisions of State and local tax laws; (xii) file and settle lawsuits; (xiii) file a petition in bankruptcy; (xiv) discontinue the business of the Company; and (xv) sell all or any portion of the assets of the Company or the Property; and (xvi) dissolve the Company.. P a g e | 5