Common use of Powers of Management Committee Clause in Contracts

Powers of Management Committee. The Management Committee is authorized on the Company’s behalf to make all decisions as to: (a) the sale, development, lease or other disposition of the Company’s assets; (b) the purchase or other acquisition of other assets of all kinds; (c) the management of all or any part of the Company’s assets; (d) the borrowing of money and the granting of security interests in the Company’s assets; (e) the prepayment, refinancing or extension of any loan affecting the Company’s assets; (f) the compromise or release of any of the Company’s claims or debts; (g) the employment of persons, firms or corporations for the operation and management of the company’s business; and (h) The appointment, from time to time, of such officers and agents of the Company, as the Management Committee deems necessary or advisable, and define and modify, from time to time, such officers’ and agents’ duties; provided, however, that the Company shall at all times have at least one officer, employee or representative designated as its President to oversee the operation of the Company, subject in turn to the oversight of the Management Committee. In the exercise of their management powers, the members of the Management Committee are authorized to execute and deliver: (a) all contracts, conveyances, assignments leases, subleases, franchise agreements, licensing Contracts, management contracts and maintenance contracts and maintenance contracts covering or affecting the Company’s assets; (b) all checks, drafts and other orders for the payment of the company’s funds; (c) all promissory notes, loans, security agreements and other similar documents; and (d) all other instruments of any other kind relating to the Company’s affairs, whether like or unlike the foregoing.

Powers of Management Committee. The Management Committee is authorized on the Company’s behalf to make all decisions as to: (a) the sale, development, lease or other disposition of the Company’s assets; (b) the purchase or other acquisition of other assets of all kinds; (c) the management of all or any part of the Company’s assets; (d) the borrowing of money and the granting of security interests in the Company’s assets; (e) the prepayment, refinancing or extension of any loan affecting the Company’s assets; (f) the compromise or release of any of the Company’s claims or debts; (g) the employment of persons, firms or corporations for the operation and management of the company’s business; and (h) The the appointment, from time to time, of such officers and agents of the Company, as the Management Committee deems necessary or advisable, and define and modify, from time to time, such officers’ and agents’ duties; provided, however, that the Company shall at all times have at least one officer, employee or representative designated as its President to oversee the operation of the Company, subject in turn to the oversight of the Management Committee. In the exercise of their management powers, the members of the Management Committee are authorized to execute and deliver: (a) all contracts, conveyances, assignments leases, subleases, franchise agreements, licensing Contractsagreements, management contracts and maintenance contracts and maintenance contracts covering or affecting the Company’s assets; (b) all checks, drafts and other orders for the payment of the company’s funds; (c) all promissory notes, loans, security agreements and other similar documents; and (d) all other instruments of any other kind relating to the Company’s affairs, whether like or unlike the foregoing.

Powers of Management Committee. The Management Committee is authorized on the Company’s behalf to make all decisions as to: (a) the sale, development, lease or other disposition of the Company’s assets; (b) the purchase or other acquisition of other assets of all kinds; (c) the management of all or any part of the Company’s assets; (d) the borrowing of money and the granting of security interests in the Company’s assets; (e) the prepayment, refinancing or extension of any loan affecting the Company’s assets; (f) the compromise or release of any of the Company’s claims or debts; (g) the employment of persons, firms or corporations for the operation and management of the company’s business; and (h) The appointment, from time to time, of such officers and agents of the Company, as the Management Committee deems necessary or advisable, and define and modify, from time to time, such officers’ and agents’ duties; provided, however, that the Company shall at all times have at least one officer, employee or representative designated as its President to oversee the operation of the Company, subject in turn to the oversight of the Management Committee. In the exercise of their management powers, the members of the Management Committee are authorized to execute and deliver: (a) all contracts, conveyances, assignments leases, subleases, franchise agreements, licensing Contractsagreements, management contracts and maintenance contracts and maintenance contracts covering or affecting the Company’s assets; (b) all checks, drafts and other orders for the payment of the company’s funds; (c) all promissory notes, loans, security agreements and other similar documents; and (d) all other instruments of any other kind relating to the Company’s affairs, whether like or unlike the foregoing.

Powers of Management Committee. The Management Committee is authorized on the Company’s behalf to make all decisions as to: (a) the sale, development, lease or other disposition of the Company’s assets; (b) the purchase or other acquisition of other assets of all kinds;: (c) the management of all or any part of the Company’s assets; (d) the borrowing of money and the granting of security interests in the Company’s assets; (e) the prepayment, refinancing or extension of any loan affecting the Company’s assets; (f) the compromise or release of any of the Company’s claims or debts; (g) the employment of persons, firms or corporations for the operation and management of the company’s business; and (h) The appointment, from time to time, of such officers and agents of the Company, as the Management Committee deems necessary or advisable, advisable and define and modify, from time to time, such officers’ officers 1 and agents’ agents ‘ duties; provided, ; however, that the Company shall at all times have at least one officer, employee or representative designated as its President to oversee the operation of the Company, subject in turn to the oversight of the Management Committee. In the exercise of their management powers, the members of the Management Committee are authorized to execute and deliver: (a) all contracts, conveyances, assignments assignments, leases, subleases, franchise agreements, licensing Contractsagreements, management contracts and maintenance contracts and maintenance contracts covering or affecting the Company’s assetsassets ; (b) all checks, drafts and other orders for the payment of the company’s funds;funds , (c) all promissory notes, loans, security agreements and other similar documents; and (d) all other instruments of any other kind relating to the Company’s affairs, whether like or unlike the foregoing.

Powers of Management Committee. The Management Committee is authorized on the Company’s behalf to make all decisions as to: (a) the sale, development, lease or other disposition of the Company’s assets; (b) the purchase or other acquisition of other assets of all kinds; (c) the management of all or any part of the Company’s assets; (d) the borrowing of money and the granting of security interests in the Company’s assets; (e) the prepayment, refinancing or extension of any loan affecting the Company’s assets; (f) the compromise or release of any of the Company’s claims or debts; (g) the employment of persons, firms or corporations for the operation and management of the company’s business; and (h) The appointment, from time to time, of such officers and agents of the Company, as the Management Committee deems necessary or advisable, and define and modify, from time to time, such officers’ and agents’ duties; provided, however, that the Company shall at all times have at least one officer, employee or representative designated as its President to oversee the operation of the Company, subject in turn to the oversight of the Management Committee. In the exercise of their management powers, the members of the Management Committee are authorized to execute and deliver: (ai) all contracts, conveyances, assignments leases, subleases, franchise agreements, licensing Contractsagreements, management contracts and maintenance contracts and maintenance contracts covering or affecting the Company’s assets; (bii) all checks, drafts and other orders for the payment of the company’s funds; (ciii) all promissory notes, loans, security agreements and other similar documents; and (div) all other instruments of any other kind relating to the Company’s affairs, whether like or unlike the foregoing.