Common use of Powers of Board of Managers Clause in Contracts

Powers of Board of Managers. Without limiting the generality of Section 6.1, the Managers shall have the power and authority, as a group, on behalf of the Company, to do and perform all acts as may be necessary or appropriate to the conduct of the Company’s business that are not inconsistent with applicable law, the Certificate, this Agreement, or its reservation of certain powers and authority to the Members as set out at Section 4.1.

Powers of Board of Managers. Without limiting the generality of Section 6.1SECTION 5.1, but subject to SECTION 5.3(b) and to the express limitations set forth elsewhere in this Agreement, the Board of Managers shall have all necessary powers to manage and carry out the power purposes, business, property, and authority, as a group, on behalf affairs of the Company, including, without limitation, the power to do exercise on behalf and perform all acts as may be necessary or appropriate to in the conduct name of the Company’s business that are not inconsistent with applicable law, Company all of the Certificate, this Agreement, or its reservation of certain powers and authority to the Members as set out at described in Corporations Code Section 4.117003.