Limitations on Authority of Manager. Notwithstanding any other provision in this Agreement to the contrary, MANAGER shall have no authority to engage or discharge any accountants, auditors or attorneys without the written consent of OWNER. Further, MANAGER shall have no authority to pay to itself the Incentive Bonus until MANAGER and OWNER approve the financial statements for the applicable quarter, in accordance with paragraph 9 below. Unless otherwise authorized by OWNER and except as provided in paragraphs 3 and 4, MANAGER shall have no authority regarding any matter not provided for under this Agreement.
Appears in 3 contracts
Samples: Credit Agreement (East Kansas Agri Energy LLC), Management Agreement (East Kansas Agri Energy LLC), Management Agreement (East Kansas Agri Energy LLC)
Limitations on Authority of Manager. Notwithstanding any other provision in this Agreement to the contrary, MANAGER shall have no authority to engage or discharge any third-party accountants, auditors or attorneys without the prior written consent of OWNER. Further, MANAGER shall have no authority to pay to itself the Incentive Bonus until MANAGER and OWNER approve the financial statements for the applicable quarter, in accordance with paragraph 9 below. Unless otherwise othewise authorized by OWNER and except as provided in paragraphs 3 and 4, MANAGER shall have no authority regarding any matter not provided for under this Agreement.
Appears in 1 contract
Samples: Management and Operational Services Agreement (Akron Riverview Corn Processors, LLC)
