Common use of Powers of the Board Clause in Contracts

Powers of the Board. a. The Board shall have full and complete charge of all affairs of the Company and the management and control of the Company’s business shall rest exclusively with the Board, subject to the terms and conditions of this Agreement. The Board shall be required to devote to the conduct of the business of the Company only such time and attention as it determines, in its sole and absolute discretion, to be necessary to accomplish the purposes, and to conduct properly the business, of the Company.

Appears in 15 contracts

Samples: Operating Agreement (Csac Acquisition Inc.), Operating Agreement (Csac Acquisition Inc.), Operating Agreement (Csac Acquisition Inc.)

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Powers of the Board. a. The Board shall have full and complete charge of all authority, power and discretion to manage and control the business, affairs and properties of the Company Company, to make all decisions regarding those matters, to execute any contracts or other instruments on behalf of the Company, and to perform any and all other acts or activities customary or incidental to the management and control of the Company’s business shall rest exclusively with the Board, subject to the terms and conditions of this Agreement. The Board shall be required to devote to the conduct of the business of the Company only such time and attention as it determines, in its sole and absolute discretion, to be necessary to accomplish the purposes, and to conduct properly the business, of the Company.

Appears in 6 contracts

Samples: Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (Skid Row AHP LLC), Limited Liability Company Agreement (preREO LLC)

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Powers of the Board. a. (a) The Board shall have full and complete charge of all affairs of the Company and the management and control of the Company’s business shall rest exclusively with the Board, subject to the terms and conditions of this Agreement. The Board shall be required to devote to the conduct of the business of the Company only such time and attention as it determines, in its sole and absolute discretion, to be necessary to accomplish the purposes, and to conduct properly the business, of the Company.

Appears in 1 contract

Samples: Operating Agreement (Csac Acquisition Inc.)

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