Management by the Member Sample Clauses
Management by the Member. 3.1 The management of the Company is fully reserved to the Member, 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 Member, who shall make all decisions and take all actions for the Company. In managing the business and affairs of the Company and exercising its powers, the Member shall act through resolutions adopted in written consents. Decisions or actions taken by the Member in accordance with this Agreement shall constitute decisions or action by the Company and shall be binding on the Company.
Management by the Member. As provided in the Articles, management of the business and affairs of the Company is vested in the Member.
Management by the Member. The management of the Company is vested to the Member. Except as otherwise provided in this Agreement, the Member shall have the power to do any and all acts necessary, convenient, or incidental to or for the furtherance of the purposes described herein, including all powers, statutory or otherwise, possessed by members of a limited liability company under the laws of the State of Delaware. The Member has the authority to bind the Company. Under its sole discretion the Member shall have full power and authority to delegate any of its powers and authorities under this Agreement.
Management by the Member. As provided in the Certificate, management of the business and affairs of the Company is vested in the Member.
Management by the Member. The business, property and affairs of the Company shall be managed and all powers of the Company shall be exercised exclusively by or under the direction of the Member, which shall act as the Manager of the Company. Without limiting the generality of the foregoing, the Member shall have all powers necessary or appropriate to manage and carry out the purpose, business, property and affairs of the Company. Unless otherwise provided in the Certificate, the Member shall have the authority to take any action on behalf of the Company, by a consent in writing, stating the action so taken and signed by an authorized officer of the Member.
Management by the Member. The Member, ------------------------ exclusively in its capacity as such, shall manage the business of the Company.
Management by the Member. 7 6.1 Management by the Members....................................7 6.2 Admission of New Members.....................................7 6.3
Management by the Member. Except as otherwise provided by applicable law, the power and authority to manage, direct, and control the Company will be vested exclusively in the Member, except with respect to such matters expressly requiring the approval of the Company’s board of directors (the “Board”, each member of the Board, a “Director” and such members collectively, the “Directors”), as set forth in this Agreement, and, except with respect to such matters, the Member will have full, complete, and exclusive authority to manage, direct, and control the business, affairs, and properties of the Company (including in the Company’s capacity as the general partner of the Partnership) and the Partnership, to perform any and all acts or activities customary or incident to the management of the Company’s and the Partnership’s activities, and to delegate certain responsibilities and authority with respect to the operations of the Partnership to the Partnership Officers pursuant to Section 5.6(b). It is the express intention of the Member to delegate responsibility for the day-to-day management of the business of the Partnership and its Affiliates to the Partnership Officers. Notwithstanding the foregoing, the Member shall not take any action or propose any action for approval by the Board, or cause the Company to take any action (including in its capacity as general partner of the Partnership), that would be in violation of any of the compliance policies of the Partnership described in Section 4.15(e) of the Partnership Agreement.
Management by the Member. The Company shall be managed by the ------------------------ Member. All decisions with respect to the management of the business and affairs of the Company shall be made by the Member. The Member shall have full and complete power, authority and discretion to manage and control the business of the Company, including, without limitation, incurring debt, investing Company funds, entering into contracts and acquiring and transferring real and personal property, and to make all decisions regarding those matters and to perform any and all acts customary or incident to the management of the Company's business. Any Person dealing with the Company or its Member may rely upon a certificate executed by its Member as to (i) the identity of the Member(s); (ii) acts by the Member(s), (iii) any act or failure to act by the Company; or (iv) any other matter whatsoever involving the Company or any Member. The Member may delegate any functions and responsibilities with respect to the Company to any employee, agent or officer of the Company.
Management by the Member. Except as otherwise provided in this Agreement, all decisions regarding the Company shall be made by the Member and the Member shall have the authority to delegate any decision making authority to the Board (as defined below).