Management and Powers. The intent of each Member is to actively engage in the Company management. Accordingly, each Member shall have full, complete and 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 Manager. As used herein, the term Major Decision shall mean:
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 full, complete and 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. (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.
Management and Powers. (a) Subject to SECTION 3.9 and any provisions of the Articles and this Agreement relating to actions required to be approved by the Members, the overall affairs of the Company shall be managed and all powers of the Company shall be exercised by or under the direction of the Manager. Landmark shall be the sole "Manager" of the Company and, except as provided in SECTION 3.1(c), may be removed as Manager only upon the consent of Keystone (provided that in connection with admission of new Members under SECTION 5.1(c) or a sale of Landmark's Membership Interest under SECTION 5.1(d), Lanmark may change the Manager with the consent of all lenders to the Company where such consent is required and without the consent of Keystone) or a Member shall be entitled to cause the Company to remove the Manager for Cause. Except as provided in SECTION 3.1(c), upon any removal of the Manager, the Members shall appoint a replacement Manager.
Management and Powers. (a) The business and affairs of the Company shall be managed by the Members. The Members, each acting individually, shall have the power to do any and all acts necessary or convenient to or for the furtherance of the purposes of the Company, including all powers, statutory or otherwise, possessed by the members of a limited liability company under the LLC Act.
Management and Powers. (i) Subject to such matters which are expressly reserved hereunder or under the Act to the Member for decision, the business and affairs of the Company shall be managed by a board of managers (the "Board"), which shall be responsible for policy setting, approving the overall direction of the Company and making all decisions affecting the business and affairs of the Company. The Board shall consist of one (1) to five (5) individuals (the "Managers"), the exact number of Managers to be determined from time to time by resolution of the Member. The initial Board shall consist of three (3) members, who shall be Ronald O. Perelman, Howard Gittxx xxx Xxxx X.
Management and Powers. 17 14.1 General......................................................... 17 14.2
Management and Powers. 7 4.2 Limitation on Power of Members.........................7 4.3
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.
