Common use of Management Powers of the Managers Clause in Contracts

Management Powers of the Managers. (Generally): The Company shall exist as a manager-managed limited liability company. The Managers shall collectively have full and exclusive control of the management and operation of the business of the Company and shall be responsible for making all creative and business judgments, determinations, and decisions affecting Company affairs except as otherwise specifically provided herein. The Managers may each render services or provide goods to the Company in a capacity other than as a manager for consideration in accordance with the customs and practices of the television and/or live stage theater industry (as applicable), each such Manager’s experience in the applicable industries and the Series and each Musical’s working budget(s) (as applicable).