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.
Appears in 5 contracts
Samples: Limited Liability Company Operating Agreement (Budget Rent a Car Licensor, LLC), Limited Liability Company Operating Agreement (Wizard Services, Inc.), Limited Liability Company Agreement (Fresenius Kabi Pharmaceuticals Holding, LLC)
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.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Barton Protective Services LLC), Limited Liability Company Agreement (Barton Protective Services LLC), Limited Liability Company Agreement (Ainsworth Lumber Co LTD)
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.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (Dell Inc), Limited Liability Company Agreement (Dell Inc), Limited Liability Company Agreement (Dell Inc)
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 actions by the Company and shall be binding on the Company.
Appears in 4 contracts
Samples: Limited Liability Company Agreement (TRW Automotive Inc), Limited Liability Company Agreement (TRW Automotive Inc), Limited Liability Company Agreement (TRW Automotive Inc)
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.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Biltmore Surgery Center Holdings Inc), Limited Liability Company Agreement (Biltmore Surgery Center Holdings Inc)
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 who, through its officers and employees, 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. Only the Member shall have the authority to represent and bind the Company, which authority can be delegated in accordance with Section 3.2.
Appears in 1 contract
Samples: Limited Liability Company Agreement (HTS-Sunset Harbor Partner, L.L.C.)
