Common use of General Management of the Company Clause in Contracts

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.

Appears in 4 contracts

Samples: Limited Liability Company Agreement (ACAR Leasing Ltd.), Limited Liability Company Agreement (GMF Floorplan Owner Revolving Trust), Limited Liability Company Agreement (ACAR Leasing Ltd.)

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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 shall be managed by the Board a board of Managers managers (the “BoardBoard of Managers). Without ) which, without limiting the generality of the foregoing, the Board 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 and documents in the name and on behalf of the Company, subject to and in accordance with this Agreement.

Appears in 1 contract

Samples: Limited Liability Company Agreement (Efcar, LLC)

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