Common use of Responsibilities of the Manager Clause in Contracts

Responsibilities of the Manager. The Manager shall: 7.5.1 Have the responsibility for the safekeeping and use of all the funds and assets of the Company; 7.5.2 Devote such of its time and business efforts to the business of the Company as it shall in its discretion, exercised in good faith, determine to be necessary to conduct the business of the Company; 7.5.3 File and publish all certificates, statements, or other instruments required by law for formation, qualification and operation of the Company and for the conduct of its business in all appropriate jurisdictions; 7.5.4 Cause the Company to be protected by public liability, property damage and other insurance determined by the Manager in its discretion to be appropriate to the business of the Company; 7.5.5 At all times use its best efforts to meet applicable requirements for the Company to be taxed as a partnership and not as an association taxable as a corporation; and 7.5.6 Amend this Agreement to reflect the admission of the Members not later than 90 days after the date of admission or substitution.

Responsibilities of the Manager. The Manager shall: 7.5.1 Have the 6.5.1 have a fiduciary responsibility for the safekeeping and use of all the funds and assets of the Company; 7.5.2 Devote 6.5.2 devote such of its time and business efforts to the business of the Company as it shall in its discretion, exercised in good faith, determine to be necessary to conduct the business of the Company; 7.5.3 File 6.5.3 file and publish all certificates, statements, or other instruments required by law for formation, qualification and operation of the Company and for the conduct of its business in all appropriate jurisdictions; 7.5.4 Cause 6.5.4 cause the Company to be protected by public liability, property damage and other insurance determined by the Manager in its discretion to be appropriate to the business of the Company; 7.5.5 At 6.5.5 at all times use its best efforts to meet applicable requirements for the Company to be taxed as a partnership and not as an association taxable as a corporation; and 7.5.6 Amend 6.5.6 amend this Agreement to reflect the admission of the Members not later than 90 days after the date of admission or substitution.

Responsibilities of the Manager. The Manager shall: 7.5.1 (a) Have the a fiduciary responsibility for the safekeeping and use of all the funds and assets of the Company; 7.5.2 (b) Devote such of its time and business efforts to the business of the Company as it the Manager shall in its discretion, exercised in good faith, determine to be necessary to conduct the business of the Company; 7.5.3 (c) File and publish all certificates, statements, or other instruments required by law for formation, qualification and operation of the Company and for the conduct of its business in all appropriate jurisdictions; 7.5.4 (d) Cause the Company to be protected by public liability, property damage and other insurance determined by the Manager in its discretion to be appropriate to the business of the Company; 7.5.5 (e) At all times use its best efforts to meet applicable requirements for the Company to be taxed as a partnership and not as an association taxable as a corporation; and 7.5.6 (f) Amend this Agreement to reflect the admission of the Members not later than 90 days after the date of admission or substitution.

Responsibilities of the Manager. The Manager shall: 7.5.1 (a) Have the a fiduciary responsibility for the safekeeping and use of all the funds and assets of the Company; 7.5.2 (b) Devote such of its time and business efforts to the business of the Company as it the Manager shall in its discretion, exercised in good faith, determine to be necessary to conduct the business of the Company; 7.5.3 (c) File and publish all certificates, statements, or other instruments required by law for formation, qualification and operation of the Company and for the conduct of its business in all appropriate jurisdictions; 7.5.4 (d) Cause the Company to be protected by public liability, property damage damage, and other insurance determined by the Manager in its discretion to be appropriate to the business of the Company; 7.5.5 (e) At all times use its best efforts to meet applicable requirements for the Company to be taxed as a partnership and not as an association taxable as a corporation; and 7.5.6 (f) Amend this Agreement to reflect the admission of the Members not later than 90 days after the date of admission or substitution.