Management by Member. The management and control of the Company shall be vested entirely in the Member. The Member shall have all the rights and powers that are conferred by law or are otherwise necessary, advisable or convenient to the discharge of the Member’s duties and to the management of the business and affairs of the Company. No person or entity dealing with the Company shall have any obligation to inquire into the power or authority of the Member acting for such purposes on behalf of the Company.
Appears in 6 contracts
Samples: Limited Liability Company Agreement (Constellation Energy Partners LLC), Limited Liability Company Agreement (Alterra Finance LLC), Limited Liability Company Agreement (Bj Services Co LLC)
Management by Member. The overall management and control of the Company shall be is vested entirely in Member as the Member. The sole member, and Member shall have all has the rights right, authority and powers that are conferred by law or are otherwise necessary, advisable or convenient responsibility to the discharge of the Member’s duties and to the management of the business and affairs of the Company. No person or entity dealing with the Company shall have any obligation to inquire enter into the power or authority of the Member acting for such purposes transactions on behalf of the Company, to bind the Company and to conduct, and to make decisions relating to, the day-to-day operations of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Loews Citywalk Theatre CORP), Limited Liability Company Agreement (Loews Citywalk Theatre CORP)
Management by Member. (a) The management and control of the Company shall be vested entirely in the Member. The Member shall have all the rights and powers that are conferred by law or are otherwise necessary, advisable or convenient to the discharge of the Member’s duties and to the management of the business and affairs of the Company. No person or entity dealing with the Company shall have any obligation to inquire into the power or authority of the Member acting for such purposes on behalf of the Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Gulfport Energy Corp), Limited Liability Company Agreement (Gulfport Energy Corp)
Management by Member. The management and control of the Company shall be vested entirely in the Member. The Member shall have all the rights exclusive right and powers that are conferred by law or are otherwise necessaryfull power and authority to manage, advisable or convenient to the discharge of the Member’s duties control, conduct and to the management of operate the business and affairs of the Company. No person Member is authorized to take any and all actions relating to the Company. Member shall maintain all books and records required by the Act to be maintained at the address specified above or entity dealing at any other address designated by the Member, Member shall have the right to designate a different registered agent and/or registered office for the Company by complying with the Company shall have any obligation to inquire into the power or authority requirements of the Member acting for such purposes on behalf of the CompanyAct.
Appears in 1 contract
Samples: Operating Agreement (Shoreline Real Estate Partnership, LLP)
Management by Member. The management and control of the Company shall be vested entirely in managed by or under the direction of the Member. The Member shall have all the rights sole and powers that are conferred by law or are otherwise necessary, advisable or convenient exclusive right to the discharge of the Member’s duties and to the management of manage the business and affairs of the Company. No person or entity dealing with the Company The Member shall have any obligation all powers and rights necessary, appropriate or advisable to inquire into effectuate and carry out the purposes and business of the Company, including the power to execute any contract or authority of the Member acting for such purposes other agreement or document on behalf of the Company.
Appears in 1 contract
Samples: Limited Liability Company Agreement (Deltic Timber Corp)