Common use of Exclusive Management by the Managers Clause in Contracts

Exclusive Management by the Managers. The business, property and affairs of the Company will be managed exclusively by the Managers. The Managers will have full, complete and exclusive authority, power and discretion to manage and control the business, property and affairs of the Company, to make all decisions regarding those matters, and to perform any and all other actions customary or incident to the management of the Company’s business, property and affairs. The Members of the Company will have no power to participate in the management of the Company, except as expressly authorized by this Agreement and except as expressly required by any non-waivable provision of the Delaware Act. Xxxxxx Xxxxx will serve as the “tax matters” Manager of the Company.