Common use of Powers of the Manager Clause in Contracts

Powers of the Manager. The Manager shall have full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company's business, including, but not limited to the power: 5.2.1 To encumber all or less than all Company assets or rights; 5.2.2 To make all decisions concerning the operational aspects of the Company; 5.2.3 To execute and deliver all leases, contracts, deeds and other instrumentation and documentation in connection with the operations or business of the Company; 5.2.4 To borrow money on behalf of the Company and to execute and deliver in the name of the Company notes evidencing such borrowings and mortgages, deeds of trust and any other security instruments securing such borrowings; 5.2.5 To pay from Company assets all expenses of organizing and conducting the business of the Company, including without limitation, legal and accounting fees and costs; 5.2.6 To execute any and all other instruments and take any and all other action necessary or desirable to carry out the purposes and business of the Company; 5.2.7 To sell, transfer, convey and/or exchange all or any portion of the property or assets of the Company; and 5.2.8 To do any other lawful act or thing in furtherance of the Company's business.

Powers of the Manager. The Except as otherwise provided in this Agreement, the Manager shall have full and complete authority, power and discretion to manage and control the business, affairs and properties of the Company, to make all decisions regarding those matters and to perform any and all other acts or activities customary or incident to the management of the Company's business, including, but not limited to the power: 5.2.1 To encumber all or less than all Company assets or rights; 5.2.2 To make all decisions concerning the operational aspects of the Company; 5.2.3 To execute and deliver all leases, contracts, deeds and other instrumentation and documentation in connection with the operations or business of the Company; 5.2.4 To borrow money on behalf of the Company and to execute and deliver in the name of the Company notes evidencing such borrowings and mortgages, deeds of trust and any other security instruments securing such borrowings; 5.2.5 To pay from Company assets all expenses of organizing and conducting the business of the Company, including without limitation, legal and accounting fees and costs; 5.2.6 To execute any and all other instruments and take any and all other action necessary or desirable to carry out the purposes and business of the Company; 5.2.7 To sell, transfer, convey and/or exchange all or any portion of the property or assets of the Company; and 5.2.8 To do any other lawful act or thing in furtherance of the Company's business.