Common use of Member Managed Clause in Contracts

Member Managed. The business and affairs of the Company shall be managed by or under the direction of the Member.

Appears in 26 contracts

Samples: Limited Liability Company Operating Agreement (Dynegy Power, LLC), Limited Liability Company Operating Agreement (Dynegy Power, LLC), Limited Liability Company Operating Agreement (Dynegy Power, LLC)

AutoNDA by SimpleDocs

Member Managed. The management and business and affairs of the Company shall be managed by or under the direction of vested in the Member.

Appears in 2 contracts

Samples: Operating Agreement (Indigent Care Services of Northeast Louisiana, Inc.), Operating Agreement (Indigent Care Services of Northeast Louisiana, Inc.)

AutoNDA by SimpleDocs

Member Managed. The business and affairs of the Company shall be managed by or under the direction of the Member.

Appears in 1 contract

Samples: Operating Agreement (Pacific Energy Partners Lp)

Time is Money Join Law Insider Premium to draft better contracts faster.