No Right to Manage. Each Member hereby acknowledges that the Manager shall have exclusive management and control of the business of the Company and each Series to make all decisions affecting the Company and each Series as described herein. Pursuant to its governing agreement, the Manager may appoint and authorize such person or persons to act on its behalf, and on the Company’s and each Series’ behalf. The Members shall have no right to: (a) participate in the management or control of the business or affairs of the Company or any Series, (b) act for or bind the Manager, the Company or any Series, or (c) remove the Manager.
Appears in 6 contracts
Samples: Operating Agreement, Operating Agreement, Operating Agreement
