Common use of Management by Board of Directors Clause in Contracts

Management by Board of Directors. The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. 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 Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Company.

Management by Board of Directors. (a) The management Board shall conduct, direct and manage all activities of the Company is fully reserved to the MembersCompany. Except as otherwise expressly provided in this Agreement, and the Company shall not have “managers” as that term is used in the Act. The all management powers of the Company shall be exercised by or under the authority of, and over the business and affairs of the Company shall be managed under exclusively vested in the direction ofBoard, and no Member shall have any management power over the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions business and take all actions for affairs of the Company. (b) No Member, in its capacity as such, shall participate in the operation, management or control of the Company’s business, transact any business in the Company’s name or have the power to sign documents for or otherwise bind the Company.

Management by Board of Directors. The management conduct and operation of the Company is Company's business and affairs shall be fully reserved vested in, and managed by, a Board of Directors (the "BOARD"). In addition to the Memberspowers and authorities expressly conferred on the Board by this Agreement, and the Company shall not have “managers” as that term is used in the Act. The Board may exercise all such powers of the Company shall be exercised and do all such acts and things as are not restricted by the Act, this Agreement or under the authority of, and the business and affairs of the Company shall be managed under the direction of, the Members, who, except as expressly provided otherwise in this Agreement, shall make all decisions and take all actions for the Companyapplicable law.

Management by Board of Directors. The management of the Company is fully reserved to the Members, and the Company shall not have “managers” as that term is used in the Act. 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, a Board of Directors elected in accordance with Section 8(d) (the Members“Board of Directors”), who, except as expressly provided otherwise in this Agreement, who shall make all decisions and take all actions for the Company.