Common use of Powers of the Managers Clause in Contracts

Powers of the Managers. The business and affairs of the Company will be managed by the managers appointed by the Members, from time to time (the “Managers”). The Members may remove any or all the Managers at any time, with or without cause, and replace any Manager with any person including any Member. The Managers will direct, manage and control the business of the Company to the best of their abilities and will have full and complete authority, power and discretion to make any and all decisions and to do any and all things that the Managers deem to be reasonably required in light of the Company’s business and objectives. Each Manager, individually, will have full authority to bind the Company and to make any decision required to operate the Company. The Managers may hire consultants, general contractors, contractors, subcontractors, and analysts, including Members, or their Affiliates, as the Managers deem necessary.