Rights and Duties of Manager. 5.1 Management.............................................................................................. 15 5.2 Number, Tenure and Appointment.......................................................................... 15 5.3
Rights and Duties of Manager. (a) Subject to the provisions of this Agreement, the business of the Company shall be managed under the direction of the Manager. L.A. Management, LLC, an Arizona limited liability company, shall be the Manager unless and until it withdraws or is removed as the Manager as provided in Section 6.11. Any successor Manager must be appointed as provided in Section 6.11.
(b) The conduct of the business of the Company shall be controlled solely by the Manager in accordance with this Agreement. The Manager shall have responsibility for the day-to-day operations of the Company and shall have all authority, rights and powers conferred by law and those required or appropriate to the management of the business of the Company. The general right, power and authority to operate the day-today business of the Company shall include, but are not limited to, the power to hire and fire employees, to open, maintain and close bank accounts, to enter into such contracts, documents and agreements as may be advisable to carry out the purposes of the Company and to commence suit and/or collect or compromise any and all claims in favor of or against the Company. Without limiting the generality of the foregoing, the Manager may, in the reasonable exercise of its discretion and without the consent of any Member, take the following actions in the name and on behalf of the Company:
(i) to do all things necessary or desirable in connection with qualifying or registering the Units for sale pursuant to the Offering, including but not limited to qualifying the Units for sale with state or federal securities regulatory agencies or perfecting exemptions from such qualification or registration, entering into any agreements in connection with the Offering and preparing and distributing any Memorandum, in each case on such terms or conditions as the Manager may deem advisable.
(ii) to option, acquire, hold, encumber, improve, lease, sell, exchange, dispose of and otherwise manage any real or personal property, including any Property and any partnership or membership interest in a Special Purpose Entity or other Person in which the Company has an interest, at such prices and upon such terms as the Manager may deem advisable;
(iii) to invest the assets of the Company pursuant to arrangements, including the use of parallel partnerships or other entities, which are reasonably expected to preserve in all material respects the economic and decision-making relationships among the Unit Holders;
(iv) to g...
Rights and Duties of Manager. During the Term of this Agreement, and in the course of its management and operation of each Facility:
Rights and Duties of Manager. Section 3.01. Manager. Alamo shall be the Manager of the Company.
Rights and Duties of Manager. 7.1 Management
Rights and Duties of Manager. 7.1 Management by Manager. Prior to July 15, 2006, all decisions concerning the business affairs of the Company shall be made jointly by Glimcher and WC Kierland Crossing, LLC ("WC") with each party acting as a Managxx xxx having one vote. From and after July 15, 2006, the Company shall have one (1) Manager that makes all decisions concerning the business affairs of the Company, and the Members hereby elect Glimcher as initial Manager of the Company.
Rights and Duties of Manager. During the Term of this Agreement, and in the course of its management of each Facility and the Business, Manager shall (either directly or through the supervision, direction and management of the Facilities), as agent and on behalf of Owner, perform or cause to be performed the following services:
Rights and Duties of Manager. During the Term of this Agreement, the Manager will undertake the general day-to-day supervision and management of the Facilities and provide the following services regarding the operation of the Facilities:
Rights and Duties of Manager. In addition to the rights and duties set forth herein, the Manager shall have the rights and perform the duties set forth in the Management Agreement.
Rights and Duties of Manager
