Common use of Management by the Board of Directors Clause in Contracts

Management by the Board of Directors. Except for cases in which the approval of the Members is expressly required under this Agreement or by non-waivable provisions of applicable Law, the powers, business and affairs of the Company and its Subsidiaries, including managing the business and affairs of the Partnership as the general partner thereof and each of the Partnership’s Subsidiaries and making any determination required to be made pursuant to the Partnership Agreement, shall be exercised by or under the authority of, and the business and affairs of the Company shall be managed and controlled by, a board of directors of the Company (the “Board”).

Management by the Board of Directors. Except for cases in which the approval or determination of the Members Sole Member is expressly required under by this Agreement or by non-waivable provisions of applicable Lawlaw, including the Act, the powers, business and affairs of the Company that relate to management and its Subsidiaries, including managing the business and affairs control of the Partnership as the general partner thereof and each of the Partnership’s Subsidiaries and making any determination required to be made pursuant to the Partnership Agreement, Group Companies shall be exercised by or under the authority of, and the such business and affairs of the Company shall be managed and controlled byunder the direction of, a single board of directors of the Company (the “Board”).