General Management of the Company. Subject to such matters which are expressly reserved hereunder or under the Act to the Members for decision, the business, properties and affairs of the Company will be managed by a board of managers (the "Board of Managers") which, without limiting the generality of the foregoing, 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.
Appears in 3 contracts
Samples: Operating Agreement (MacroShares $100 Oil Up Trust), Operating Agreement (MacroShares Housing Depositor, LLC), Operating Agreement (MacroShares $100 Oil Down Trust)
General Management of the Company. Subject to such matters which are expressly reserved hereunder or under the Act to the Members for decision, the business, properties and affairs of the Company will be managed by a board of managers (the "Board of Managers") which, without limiting the generality of the foregoing, 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 instruments and documents in the name and on behalf of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Claymore MACROshares Oil Up Holding Trust), Operating Agreement (Macro Inflation Depositor, LLC)
General Management of the Company. Subject to such matters which are expressly reserved hereunder or under the Act to the Members for decision, the businessThe activities, properties and affairs of the Company will be managed by a board the Board of managers Managers (the "Board of Managers") which, without “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 instruments and documents in the name and on behalf of the Company, subject to and in accordance with this Agreement.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (CAB West LLC), Limited Liability Company Agreement (CAB West LLC)
General Management of the Company. Subject to such matters which are expressly reserved hereunder or under the Act to the Members for decision, the business, properties and affairs of the Company will be managed by a board of managers (the "Board of Managers") which, without limiting the generality of the foregoing, 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 instru-ments and documents in the name and on behalf of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Claymore MACROshares Oil Up Holding Trust), Operating Agreement (Claymore MACROshares Oil Down Holding Trust)
General Management of the Company. Subject to such matters which are expressly reserved hereunder or under the Act to the Members Member for decision, the business, properties and affairs of the Company will be managed by a board of managers (the "“Board of Managers"”) which, without limiting the generality of the foregoing, will have has 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 instruments and documents in the name and on behalf of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Ford Credit Floorplan LLC)
General Management of the Company. Subject to Section 4.3(a) and to such matters which are expressly reserved hereunder or under the Act to the Members Member for decision, the business, properties and affairs of the Company will shall be managed by a board of managers (the "“Board of Managers"”) which, without limiting the generality of the foregoing, will shall 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 instruments and documents in the name and on behalf of the Company.
Appears in 1 contract
General Management of the Company. Subject to such matters which are expressly reserved hereunder or under the Act to the Members for decision, the business(a). The activities, properties and affairs of the Company will be managed by a board the Board of managers Managers (the "Board of Managers") which, without “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 instruments and documents in the name and on behalf of the Company, subject to and in accordance with this Agreement.
Appears in 1 contract