Management by the Members. 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 Majority Members, and the Majority Members shall make all decisions and take all actions for the Company.
Management by the Members. (i) The management of the Company is fully reserved to the Members, 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 Members, who, through the Officers (as defined in Section 7(d)) and employees of the Company, shall make all decisions and take all actions for the Company. Decisions or actions taken by the Members in accordance with this Agreement shall constitute decisions or action by the Company and shall be binding on the Company. Only Members shall have the authority to represent and bind the Company, which authority can be delegated in accordance with Section 7(d).
Management by the Members. The Company shall be managed by the Member.
Management by the Members. Except to the extent (i) provided in Section 7.5(a) below or (ii) delegated to the Executive Committee by the Member in writing, the Company shall be managed exclusively by the Member.
Management by the Members. The Company shall be managed solely by the Managing Member. The Non-Managing Member shall have no voting or consent rights except to the extent required by law or provided for herein.
Management by the Members. Except as otherwise expressly provided herein, or as required by any non-waivable provision of applicable law, the business and affairs of the Company shall be managed by the consent of the Members.
Management by the Members. The business and affairs of the Company shall be managed by the Members, subject to the binding effect of the Management Agreement. The Members shall delegate authority to such officers, employees, agents and/or representatives of the Company as they may from time to time deem appropriate; provided, however, that for as long as the Investment Percentage of BecoCom is at least 33 1/3%, BecoCom shall be entitled to (i) appoint a qualified individual to serve as the Company's chief financial officer; and (ii) appoint one full-time staff member serving the Company in an operational capacity. Notwithstanding the immediately preceding sentence, in the event RCN-Sub or an Affiliate of RCN-Sub is not the manager under the Management Agreement, and for so long as the Sharing Ratio of RCN-Sub is at least 33 1/3%, RCN-Sub shall be entitled to (A) appoint a qualified individual to serve as a senior executive officer of the Company; and (B) appoint one full-time staff member serving the Company in an operational capacity. Any delegation of authority to take any action must be approved in the same manner as would be required for the Members to directly approve such action. No Member shall take any action in the name of or on behalf of the Company, including without limitation assuming any obligation or responsibility on behalf of the Company, unless such action, and the taking thereof by such Member, shall have been expressly authorized by the Members or shall be expressly and specifically authorized by this Agreement.
Management by the Members. The business and affairs of the Company shall be managed by and all Company decisions shall be made by the supermajority vote of the Members, except as otherwise provided herein. The Members may designate or elect officers to assist in the management of the day to day operations of the business and affairs of the Company, and such officers may take any actions as are necessary or appropriate, within the scope of their respective duties and responsibilities, to carry out the approved decisions of a supermajority of the Members. All Members shall have the title, rights, duties, obligations and compensation as set forth in the Employment Agreement, attached hereto as Exhibit “B”, and incorporated by reference herein, which shall be determined, for each Initial Member, not later than 90 days after the execution date of this Agreement. The Chief Executive Officer (“CEO”), to be determined at a future date, shall have the discretion and authority to make all Company decisions relating to financing and strategy, on behalf of the Company and the other Members, if necessary, subject to the applicable state or local law.
Management by the Members. Except as otherwise provided in this Agreement and subject to the restrictions and limitations set forth herein, the Members shall conduct, direct and exercise full control over all activities, the Business, or other affairs of DFS.
Management by the Members. The Company shall be managed by the Member. The Member hereby appoints through this Agreement, the following persons as officers of the Company but reserves the right to change such appointments in the future.
