Common use of General Scope of Authority Clause in Contracts

General Scope of Authority. The business and affairs of the Company shall be managed by a management committee of the Company (the "Management Committee") appointed and constituted in the manner provided in Section 5.2 hereof. The Management Committee shall be responsible for all aspects of the operations and development of the Company and, except as otherwise expressly provided for in this Agreement, the Management Committee shall have exclusive authority and full discretion with respect to the management of the business of the Company and shall have the exclusive right, power and authority to cause the Company to do, or cause to be done, all acts and actions which in its sole judgment are necessary, proper, convenient or desirable in order to operate and conduct the business of the Company and to carry out and fulfill the purposes of the Company.

General Scope of Authority. The business and affairs of the Company shall be managed by a management committee of the Company (the "Management CommitteeMANAGEMENT COMMITTEE") appointed and constituted in the manner provided in Section 5.2 hereof. The Management Committee shall be responsible for all aspects of the operations and development of the Company and, except as otherwise expressly provided for in this Agreement, the Management Committee shall have exclusive authority and full discretion with respect to the management of the business of the Company and shall have the exclusive right, power and authority to cause the Company to do, or cause to be done, all acts and actions which in its sole judgment are necessary, proper, convenient or desirable in order to operate and conduct the business of the Company and to carry out and fulfill the purposes of the Company.

General Scope of Authority. The business and affairs of the Company shall be managed by a management committee of the Company (the "“Management Committee"”) appointed and constituted in the manner provided in Section 5.2 hereof. The Management Committee shall be responsible for all aspects of the operations and development of the Company and, except as otherwise expressly provided for in this Agreement, the Management Committee shall have exclusive authority and full discretion with respect to the management of the business of the Company and shall have the exclusive right, power and authority to cause the Company to do, or cause to be done, all acts and actions which in its sole judgment are necessary, proper, convenient or desirable in order to operate and conduct the business of the Company and to carry out and fulfill the purposes of the Company.