Function of Board. The business and affairs of the Company shall be managed under the direction of the Board. All the powers of the Company are vested in and shall be exercised by or under the authority of the Board except as otherwise prescribed by statute, by the Certificate of Formation of the Company or by this Agreement.
Appears in 5 contracts
Samples: Operating Agreement (LNT Leasing II, LLC), Operating Agreement (LNT Leasing II, LLC), Operating Agreement (LNT Leasing II, LLC)
Function of Board. The business and affairs of the Company shall be managed under the direction of the Board. All the powers of the Company are vested in and shall be exercised by or under the authority of the Board except as otherwise prescribed by statute, by the Certificate Articles of Formation Organization of the Company or by this Agreement.
Appears in 1 contract
