Common use of OBLIGATIONS OF THE BOARD OF DIRECTORS Clause in Contracts

OBLIGATIONS OF THE BOARD OF DIRECTORS. The Board of Directors shall: (a) devote to the Company and apply to the accomplishment of Company purposes so much of the Board of Directors' time and attention as they determine to be necessary or advisable to manage properly the affairs of the Company; (b) maintain accounting records from which a Company Capital Account Balance can be determined for each Member; (c) execute, file, record or publish all certificates, statements and other documents and do all things appropriate for the formation, qualification and operation of the Company and for the conduct of its business in all appropriate jurisdictions; (d) employ attorneys to represent the Company when necessary or appropriate; (e) use their best efforts to maintain the status of the Company as a "limited liability company" for state law purposes, and as a "partnership" for federal income tax purposes; (f) have fiduciary responsibility for the safekeeping and use of all funds and assets of the Company, and not employ or permit others to employ such funds or assets (including any interest earned thereon) in any manner except for the benefit of the Company; and (g) maintain a current list of the names, last known addresses and Percentage Interest of each Member at the Company's principal office.

OBLIGATIONS OF THE BOARD OF DIRECTORS. The Board of Directors shall: (a) devote to the Company and apply to the accomplishment of Company purposes so much of the Board of Directors' ’ time and attention as they determine to be necessary or advisable to manage properly the affairs of the Company; (b) maintain accounting records from which a Company Capital Account Balance can be determined for each Member; (c) execute, file, record or publish all certificates, statements and other documents and do all things appropriate for the formation, qualification and operation of the Company and for the conduct of its business in all appropriate jurisdictions; (d) employ attorneys to represent the Company when necessary or appropriate; (e) use their best efforts to maintain the status of the Company as a "“limited liability company" ” for state law purposes, and as a "“partnership" ” for federal income tax purposes; (f) have fiduciary responsibility for the safekeeping and use of all funds and assets of the Company, and not employ or permit others to employ such funds or assets (including any interest earned thereon) in any manner except for the benefit of the Company; and (g) maintain a current list of the names, last known addresses and Percentage Interest of each Member at the Company's ’s principal office.

OBLIGATIONS OF THE BOARD OF DIRECTORS. The Board of Directors shall: (a) devote to the Company and apply to the accomplishment of Company purposes so much of the Board of Directors' ’ time and attention as they determine to be necessary or advisable to manage properly the affairs of the Company; (b) maintain accounting records from which a Company Capital Account Balance can be determined for each Member; (c) execute, file, record or publish all certificates, statements and other documents and do all things appropriate for the formation, qualification and operation of the Company and for the conduct of its business in all appropriate jurisdictions; (d) employ attorneys to represent the Company when necessary or appropriate; (e) use their best efforts to maintain the status of the Company as a "limited liability company" for state law purposes, and as a "partnership" for federal income tax purposes; (f) have fiduciary responsibility for the safekeeping and use of all funds and assets of the Company, and not employ or permit others to employ such funds or assets (including any interest earned thereon) in any manner except for the benefit of the Company; and (g) maintain a current list of the names, last known addresses and Percentage Interest of each Member at the Company's principal office.