Members and Manager Clause Samples
The "Members and Manager" clause defines the roles, rights, and responsibilities of the members and the manager within a limited liability company (LLC). It typically outlines how members are admitted, their voting powers, and the authority granted to the manager to operate the business, such as making financial decisions or entering into contracts. This clause ensures clear governance structure and delineates decision-making authority, thereby preventing disputes and confusion regarding company management.
Members and Manager. Subject to the terms and conditions of this Agreement, the Manager, on behalf of the Members, shall have the sole and exclusive right and authority to manage and control the business and affairs of the Company and each Series, and shall possess all rights and powers of a “manager” of a limited liability company as provided in the Act and otherwise by law. Except as otherwise expressly provided for herein, the Members hereby agree to the exercise by the Manager of all such powers and rights conferred on them by the Act with respect to the management and control of the Company and each Series.
Members and Manager. The name, present mailing address and Percentage of the Members and the name and present mailing address of the Manager is set forth on Schedule A, attached hereto and made a part hereof.
Members and Manager. The name and address of the Manager and each Member are set forth on Exhibit A. In addition to being a Member of the Company, WIN is also the initial Manager of the Company.
Members and Manager. BR LANSBROOK JV MEMBER, LLC,