Management and Powers Clause Samples

Management and Powers. The making of all Major Decisions concerning the Company shall require the approval of the Manager. As used herein, the term Major Decision shall mean: 3.3.1. To make loans for the purchase and renovations of Properties on behalf of the Company to advance the purpose of the Company as expressed in Section 1.5; 3.3.2. To sell or otherwise dispose of all or substantially all of the assets of the Company as part of a single transaction or plan so long as such disposition is not in violation of or a cause of a default under any other agreement to which the Company may be bound; 3.3.3. Borrow money and issue of evidences of indebtedness necessary, convenient, or incidental to the accomplishment of the purposes of the Company and securing the same by mortgage, pledge, or other lien on any Company property; 3.3.4. Admit an additional Member to the Company; 3.3.5. The opening, maintaining and closing, as appropriate, all Company bank accounts and (subject to any limitations set forth herein) draw checks and other instruments for the payment of funds associated with Major Decisions. 3.3.6. To invest any Company funds temporarily (by way of example but not limitation) in time deposits, short-term governmental obligations, commercial paper, or other investments.

Management and Powers. In entering into this Agreement, the intent of each Member is to actively engage in the management of the Company. Accordingly, unless otherwise limited by the Articles or this Agreement, each Member shall have the full, complete or exclusive authority, power and discretion to manage and control the business, property and affairs 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, property and affairs.

Management and Powers. The making of all Major Decisions concerning the Company shall require the approval of the Managing Member only. As used herein, the term Major Decision shall mean: 3.3.1. The acquisition by purchase, lease, or otherwise of any real or personal property which may be necessary, convenient, or incidental to the accomplishment of the nature of the business of the Company; 3.3.2. the borrowing of money and issuing of evidences of indebtedness necessary, convenient, or incidental to the accomplishment of the purposes of the Company and securing the same by mortgage, pledge, or other lien on any Company property; 3.3.3. Admitting an additional Member to the Company; 3.3.4. The opening, maintaining and closing, as appropriate, all Company bank accounts and (subject to any limitations set forth herein) draw checks and other instruments for the payment of funds associated with Major Decisions. 3.3.5. To invest any Company funds temporarily (by way of example but not limitation) in time deposits, short-term governmental obligations, commercial paper, or other investments.

Management and Powers. (a) In entering into this Agreement, the intent of each Member is to actively engage in the management of the Company. Accordingly, unless otherwise limited by the Articles or this Agreement, each Member shall have full and complete authority, power, and discretion to manage and control the business, property and affairs of the Company and the operation and organization of the Tour, 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, property and affairs and the operation and organization of the Tour. (b) The management, control and conduct of the business of the Company shall be conducted in accordance with an annual business plan and the budget contained therein which shall be adopted annually by approval of the holders of one hundred percent (100%) of the Membership Interests of the Members (the "Annual Business Plan"). In the event that the Members cannot agree on an Annual Business Plan for any year, the holders of seventy five percent (75%) of the Membership Interests of the Members may adopt a temporary plan for such year, provided that such temporary plan provides for expenditures by the Company which do not exceed those contemplated by the Annual Business Plan for the immediately preceding year.

Management and Powers. 17 14.1 General......................................................... 17 14.2

Management and Powers. ▇▇▇▇▇ shall have the title of Manager, as defined in the Act. Notwithstanding that ▇▇▇▇▇ is named as Manager, the Company shall be managed by the Members. ▇▇▇▇▇ shall also be named President of the Company. The Members acknowledge that Craig's compensation shall be based upon a reasonable allocation of duties between ▇▇▇▇▇ and ▇▇▇▇▇ ▇▇▇▇▇ ("▇▇▇▇▇"), and that if ▇▇▇▇▇ is unavailable and unable to perform such duties due to long-term commitments outside of this Company, such as directing a motion picture, the Members should hold good faith discussions regarding whether an adjustment to Craig's compensation is warranted.

Management and Powers. In entering into this Agreement, the intent of each Member is to actively engage in the management of the Company. Accordingly, unless otherwise limited by the Articles of Organization or this Agreement, each Member shall have the full, complete or exclusive authority, power and discretion to manage and control the business, property and affairs of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incidental to the management of the Company's business, property and affairs. Member Approval. No annual or regular meetings of the Members are required to be held. However, if such meetings are held, such meetings shall be noticed, held and conducted pursuant to the Act. In any instance in which the approval of the Members is required under this Agreement, such approval may be obtained in any manner permitted by the Act. Unless otherwise provided in this Agreement, approval of the Members shall mean the approval of Members who hold a majority of the Membership Interests.

Management and Powers. In entering into this Agreement it is the intent of each Member to engage in the management of the Company; however, all management and operational decisions will be made by approval of Members holding Majority Interests, In addition, Members holding Majority Interests may temporarily delegate any of such management and operational authority as such Members deem appropriate.

Management and Powers. The business and affairs of the Company shall be managed by or under the direction of the Sole Member.