Rights and Duties of Managers. 6 7.1 Management........................................... 6 7.2
Rights and Duties of Managers. Section 4.1
Rights and Duties of Managers. MEETINGS; INDEMNIFICATION; CONFLICTING INTEREST PROVISIONS DO NOT APPLY
Rights and Duties of Managers. 2.1. Management of Company Vested in the Managers. The business and affairs of the Company shall be managed by the Managers. The consent of a majority in number of the Managers then-serving shall be the act of the Managers. The Managers shall direct, manage and control the business of the Company to the best of their ability. Except for situations in which the approval of the Members is expressly required herein and as specifically provided in Section 3.5, the Managers shall have full and complete authority, power and discretion to: (i) manage and control the business, affairs and property of the Company; (ii) make all decisions regarding the business, affairs and property of the Company; and (iii) perform any and all other acts incident to the management of the Company's business subject to the provisions of this Agreement. Subject to the limitations in the preceding sentence, the right, power, and authority of the Managers pursuant to this Agreement shall be liberally construed to encompass all acts and activities in which a Company may engage under the Texas Act.
Rights and Duties of Managers. MEETINGS; INDEMNIFICATION; CONFLICTING INTEREST PROVISIONS DO NOT APPLY.......................................................10 4.1
Rights and Duties of Managers. 2.1. Management of Company Vested in the Managers. The business and affairs of the Company shall be managed by the Managers. The consent of a majority in number of the Managers then-serving shall be the act of the Managers. The Managers shall direct, manage and control the business of the Company to the best of their ability. Except for situations in which the approval of the Members is expressly required herein and as specifically provided in Section 3.5, the Managers shall have full and complete authority, power and discretion to: (i) manage and control the business, affairs and property of the Company; (ii) make all decisions regarding the business, affairs and property of the Company; and (iii) perform any and all other acts incident to the management of Company Agreement Canyon Ferry Capital LLC 1 the Company's business subject to the provisions of this Agreement. Subject to the limitations in the preceding sentence, the right, power, and authority of the Managers pursuant to this Agreement shall be liberally construed to encompass all acts and activities in which a Company may engage under the Texas Act. Notwithstanding the foregoing or any other provision of this Agreement to the contrary, the Manager(s) of the Company who are designated by the Investor Group shall have the sole and exclusive right and duty to act on behalf of the Company in connection with any matter relating to the Servicing Contract, including, without limitation, exercising any right (including the right to terminate the Servicing Contract in accordance with its terms) or remedy accruing to the Company under the Servicing Contract.
Rights and Duties of Managers. 7 5.1 Management. . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 5.2 Number, Tenure and Qualifications. . . . . . . . . . . . . . . . 8 5.3
Rights and Duties of Managers. I. The rights and duties of Managing Directors arise out of the law, the Articles of Association, employment contracts and in some cases out of the standing rules to be passed by the shareholders' meeting.
Rights and Duties of Managers. 5.01 Management 5.02 Number, Tenure and Qualifications 5.03 Powers of Managers 5.04 Members Have No Authority to Bind 5.05 Liability for Certain Acts 5.06 Managers Have No Exclusive Duty to Company 5.07 Bank Accounts 5.08 Indemnity of the Managers, Employees and Other Agents 5.09 Resignation 5.10 Removal 5.11 Vacancies 5.12 Salaries 5.13 Meetings 5.14 Place of Meetings 5.15 Notice of Meetings 5.16 Meeting of All Managers 5.17 Action by Managers Without A Meeting 5.18 Waiver of Notice 5.19 Telephonic Meetings ARTICLE 5A. RIGHTS AND DUTIES OF MANAGEMENT TEAM
Rights and Duties of Managers. The initial Manager of the Company shall be Wxxxxxx X. Xxxxxx until such time as he resigns or is removed by the Members.
