Common use of Management and Authority Clause in Contracts

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.

Appears in 5 contracts

Samples: Limited Liability Company Operating Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Agreement (2420 Lakemont Avenue MM, LLC), Limited Liability Company Operating Agreement (2420 Lakemont Avenue MM, LLC)

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Management and Authority. The business, business and affairs and operations of the Company shall be managed by its Member. Managers, acting by majority in number, Except as otherwise provided by applicable law and this Agreement, the Member Managers shall have the sole, exclusive, full and complete right, authority, power and discretion to control, direct, manage and administer control the business business, affairs and affairs of the Company and to do all things necessary to carry on the business and purposes 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 such authority to such officersOfficers.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Tandy Holdings, Inc.)

Management and Authority. The business, business and affairs and operations of the Company shall be managed by its MemberManagers, acting by majority in number. Except as otherwise provided by applicable law and this Agreement, the Member Managers shall have the sole, exclusive, full and complete right, authority, power and discretion to control, direct, manage and administer control the business business, affairs and affairs of the Company and to do all things necessary to carry on the business and purposes properties of the Company, including, without limitation, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the right and power to appoint individuals to serve as officers management of the Company and to delegate such authority to such officersCompany’s business.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (Tandy Holdings, Inc.)

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 managers of the Company and to delegate such authority to such officersmanagers.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (2420 Lakemont Avenue MM, LLC)

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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 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.

Appears in 1 contract

Samples: Limited Liability Company Operating Agreement (2420 Lakemont Avenue MM, LLC)

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