Management and Authority. The business and affairs of the Company shall be managed by or under the direction of a Board of Managers (the “Board of Managers”). Except with respect to matters where the approval of the Member is expressly required pursuant to this Agreement, or by nonwaivable provisions of applicable law, the Board of Managers has, to the full extent permitted by the Delaware Act, sole, exclusive, full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company’s business, including the right and power to appoint individuals to serve as officers of the Company and to delegate authority to such officers.
Management and Authority. Each Partner shall have an equal voice in the management of the Partnership and shall have authority to bind the Partnership in making contracts and incurring obligations in the name and on the credit of the firm. However, no Partner shall incur any obligations in the name or on the credit of the firm exceeding $ without the express written consent of the other Partner. Any obligation incurred in violation of this provision shall be charged to and collected from the individual Partner incurring the obligation.
Management and Authority. The business, affairs and operations of the Company shall be managed by its Member. Except as otherwise provided by applicable law and this Agreement, the Member shall have the sole, exclusive, full and complete right, authority, power and discretion to control, direct, manage and administer the business and affairs of the Company and to do all things necessary to carry on the business and purposes of the Company, including, without limitation, the right and power to appoint individuals to serve as officers of the Company and to delegate such authority to such officers.
Management and Authority. The business and affairs of the Company shall be managed by its Member. Except as otherwise provided by applicable law and this Agreement, the Member shall have sole, exclusive, full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company’s business, including, without limitation, the right and power to appoint individuals to serve as officers of the Company (“Officers”) and to delegate authority to such Officers. The signature of any officer of the Member on any document purporting to bind the Company shall constitute exclusive evidence to third parties of the authority of such person to execute such document on behalf of the Company and so bind the Company.
Management and Authority. Pursuant to Section 18-402 of the Act, the business and affairs of the Company shall be managed by the Member, who shall have sole, exclusive, full, and complete authority, power, and discretion to manage and control the business, affairs, and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company's business, including, without limitation, the right and power to appoint individuals to serve as officers of the Company and to delegate authority to such officers ("Officers") and to perform such acts or make such decisions as are expressly permitted under this Agreement. Any agreement, instrument, certificate, or other document shall be signed, executed, and delivered by the Officers or the Member in order to be binding on behalf of the Company, and such execution and delivery shall be conclusive evidence that it has been duly authorized and approved by the Member.
Management and Authority. The business and affairs of the Company shall be managed by its Manager. Except with respect to matters where the approval of the Members is expressly required pursuant to this Agreement, or by nonwaivable provisions of applicable law, the Manager have, to the full extent permitted by the Delaware Act, sole, exclusive, full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company's business, including, without limitation, the right and power to appoint individuals to serve as officers of the Company and to delegate authority to such officers. The signature of any one or more officers of the Manager on any document or instrument purporting to bind the Company shall constitute conclusive evidence as to third parties of the authority of such person to execute such document or instrument on behalf of the Company and thereby so bind the Company.
Management and Authority. (a) Except for situations in which the approval of the Members is otherwise required by this Agreement or by applicable law, (i) the powers of the Company shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Managers; and (ii) the Managers may make all decisions and take all actions for the Company not otherwise provided in this Agreement, including, without limitation, setting the general policies of the Company. Subject to the foregoing and to the provisions of this Agreement, including Section 3.2, the President of the Company shall have the full power and authority to manage and control, in good faith, the day-to-day business, operations and affairs of the Company, to make all decisions regarding such matters and to perform any and all other acts or activities customary or incident to the management of the Company's day to day business operations, subject to the supervision of the Bank. The initial President shall be Xxxxxx X. Xxxxxxxx.
Management and Authority. (a) Partners shall decide all executive affairs relating to the Partnership together. Executive decisions include, but are not limited to:
Management and Authority. (a) THE MANAGER. The Company shall be managed by Veritas (the "MANAGER"). The Manager shall have such rights, duties and powers as are specified in this Agreement and the Act.
Management and Authority. (a) The Company shall have up to eight (8) managers serving on a Board of Directors, each of which shall be referred to individually as a "DIRECTOR" and collectively as the "BOARD OF DIRECTORS" or the "BOARD." The number of Directors shall be fixed from time to time by action of the Board. A Director shall serve until any meeting of Members that may be called pursuant to Section 5.2 for the purpose of electing Directors or until its successor shall have been elected and qualified.
