Common use of Management by Managers Clause in Contracts

Management by Managers. (a) Except for situations in which the approval of the Members is required by this Agreement or by nonwaivable provisions of applicable law, and subject to the provisions of Section 6.2, (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 for in this Agreement.

Appears in 2 contracts

Samples: Limited Liability Company Agreement (Kaiser Texas Sierra Micromills LLC), Limited Liability Company Agreement (Kaiser Texas Sierra Micromills LLC)

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Management by Managers. (a) Except for situations those matters in which the approval of the Members is required by this Agreement or by nonwaivable provisions of applicable law, and subject to the provisions of Section 6.26.01(c), (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 for in this Agreement.

Appears in 1 contract

Samples: Operating Agreement (Nuclear Research Corp)

Management by Managers. (a) Except for situations in which the approval of the Members is required by this Agreement or by nonwaivable provisions of applicable law, and subject to the provisions of Section 6.2subsection (b) below, (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 for in this Agreement., including, without limitation, the following:

Appears in 1 contract

Samples: Operating Agreement (Navtrans International Freight Forwarding Inc)

Management by Managers. (a) Except for situations in which the approval of the Members or any portion of the Members is required by this Agreement or by nonwaivable non-waivable provisions of applicable lawLaw, and subject to the provisions of Section 6.27.2, (ia) 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 (iib) the Managers may make all decisions and take all actions for the Company not otherwise provided for in this Agreement., including, without limitation, the following:

Appears in 1 contract

Samples: Participation Agreement (Tejas Gas Corp)

Management by Managers. (a) Except for situations in which the approval of the Members Member is required by the Certificate, this Agreement Agreement, or by nonwaivable provisions of applicable law, and subject to the provisions of Section 6.25.1(b), (i1) 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 (ii2) the Managers may make all decisions and take all actions for the Company not otherwise provided for in this Agreement., including, without limitation, the following:

Appears in 1 contract

Samples: Company Agreement (Ruby Tuesday of Bryant, Inc.)

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Management by Managers. (a) Except for situations in which the approval of the Members is required by the Certificate, this Operating Agreement or by nonwaivable provisions of applicable law, and subject to the provisions of Section 6.2, (i1) 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 (ii2) the Managers may make all decisions and take all actions for the Company not otherwise provided for in this Operating Agreement., including, without limitation, the following:

Appears in 1 contract

Samples: Operating Agreement (Solo Texas, LLC)

Management by Managers. (a) Except for situations in which the approval of the Members is required by this Operating Agreement or by nonwaivable provisions of applicable law, and subject to the provisions of Section 6.26.02, (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 for in this Operating Agreement., including, without limitation, the following:

Appears in 1 contract

Samples: Operating Agreement (Ashton Houston Residential L.L.C.)

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