Member Managed. The business and affairs of the Company shall be managed by or under the direction of the Member.
Member Managed. The management of the Company shall be vested solely in the Member, who shall have all powers to control and manage the business and affairs of the Company and may exercise all powers of the Company. All instruments, contracts, agreements and documents shall be valid and binding on the Company if executed by the Member.
Member Managed. The Company shall be a "member-managed" limited liability company as such term is defined in the Act. The management and control of the Company shall rest with the Members exclusively in their membership capacity. The Members shall have all the rights and powers that may be possessed by Members under the Act (as modified by this Agreement or the Articles).
Member Managed. The management of the business and affairs of the Company shall be reserved to the Member, which shall have the power to do any and all acts necessary or convenient for the furtherance of the purpose of the Company described in this Agreement, including all powers, statutory or otherwise, possessed by members of a limited liability company under the DLLCA.
Member Managed. Except as specifically provided herein, the management and control of the Company shall be vested exclusively in the Member. Without limiting the foregoing, the Member shall be responsible for the establishment of policy and operating procedures respecting the business affairs of the Company and may appoint one or more officers and delegate duties to such officers as herein contemplated.
Member Managed. The Company shall be managed by its members.
Member Managed. The business and affairs of the Company are to be managed by the Members; provided, however, that management of the business and affairs of the Company shall be vested in the Operating Member (as defined below) as described in Section 3.1.1 below, and certain major decisions described in Section 3.1.2 below shall require the approval of Members holding at least a specified percentage of the Membership Interests in the Company.
Member Managed. The Member shall be the sole manager of the LLC by virtue of its capacity as a member of the LLC.
Member Managed. The Cooperative is managed by its Members, listed in Appendix A, each of whom has one vote in decisions made by the Cooperative. Except as expressly provided elsewhere in this Agreement, all decisions respecting the management, operation and control of the business and affairs of the Cooperative and all determinations made in accordance with this Agreement shall be made by the affirmative vote or consent of the majority of the Members.
