General Management of the Company. (a) The activities, properties and affairs of the Company will be managed by the Board. Without limiting the generality of the foregoing, the Board will have the power to appoint officers of the Company, to appoint and direct agents, to grant general or limited authority to officers, employees and agents of the Company and to make, execute and deliver contracts and other instruments and documents in the name and on behalf of the Company, subject to and in accordance with this Agreement.
General Management of the Company. (a) Subject to Section 4.3(a) and to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business, properties and affairs of the Company will be managed by the Board of Managers (the “Board”). Without limiting the generality of the foregoing, the Board will have the power to appoint officers of the Company, to appoint and direct agents, to grant general or limited authority to officers, employees and agents of the Company, and to make, execute and deliver contracts and other instruments and documents in the name and on behalf of the Company, subject to and in accordance with this Agreement.
General Management of the Company. Subject to Sections 2.8, 3.3 and 3.5, activities, properties and affairs of the Company (on its own behalf and on behalf of or with respect to any Series) and each Series will be managed by the Administrator appointed in accordance with Article VII. Without limiting the generality of the foregoing, the Administrator will have the power to appoint officers of the Company and each Series, to appoint and direct agents, to grant general or limited authority to officers, employees and agents of the Company and each Series, and to make, execute and deliver contracts and other instruments and documents in the name and on behalf of the Company (on its own behalf and on behalf of or with respect to each Series) and each Series, subject to and in accordance with this Agreement.
General Management of the Company. The board of directors shall elect a president, who must be an individual, from among its members. It shall determine his term of office, which cannot exceed that of his office as director and may dismiss him at any time. The president of the board is responsible for the general management of the company. The president is vested with the most extensive powers to act under all circumstances on behalf of the company within the limits of the goals of the company, except for those powers expressly granted by law to the meetings of shareholders and to the board of directors. The president of the board cannot be more than seventy (70) years old. Should the president reach this age limit during his term of office as president, his office would automatically terminate. This term may be prolonged however until the next meeting of the board during which his successor will be appointed. Subject to this provision, the president of the board may always be reelected.
