Common use of Management of Business and Affairs Clause in Contracts

Management of Business and Affairs. A. The exclusive authority to manage, control and operate the Company shall be vested in the Sole Member or such other person(s) as may be designated by the Sole Member from time to time in writing (either singular or plural, the “Managing Member”). All powers of the Company may be exercised by or under the authority of the Managing Member. The Managing Member shall have full and exclusive right, power and authority to manage the affairs of the Company and make all decisions with respect thereto. No other Member shall have the authority to bind the Company in any way or to make any expenditures on behalf of the Company, unless such specific authority has been expressly granted to and not revoked from such other Member by the Managing Member. B. For purposes of carrying out the business of the Company, the Members may (but need not) adopt bylaws.

Management of Business and Affairs. A. The exclusive authority to manage, control and operate the Company shall be vested in the Sole Member or such other person(s) person as may be designated by the Sole Member from time to time in writing (either singular or plural, the “Managing Member”). All powers of the Company may be exercised by or under the authority of the Managing Member. The Managing Member shall have full and exclusive right, power and authority to manage the affairs of the Company and make all decisions with respect thereto. No other Member shall have the authority to bind the Company in any way or to make any expenditures on behalf of the Company, unless such specific authority has been expressly granted to and not revoked from such other Member by the Managing Member. B. For purposes of carrying out the business of the Company, the Members may (but need not) adopt bylaws.

Management of Business and Affairs. A. The exclusive authority to manage, control and operate the Company shall be vested in the Sole Member or such other person(s) person as may be designated by the Sole Member from time to time in writing (either singular or plural, the “‘Managing Member”). All powers of the Company may be exercised by or under the authority of the Managing Member. The Managing Member shall have full and exclusive right, power and authority to manage the affairs of the Company and make all decisions with respect thereto. No other Member shall have the authority to bind the Company in any way or to make any expenditures expenditure on behalf of the Company, unless such specific authority has been expressly granted to and not revoked from such other Member by the Managing Member. B. For purposes of carrying out the business of the Company, the Members may (but need not) adopt bylaws.