Rights and Obligations of Managing Member. Section 12.1 Rights and Obligations of Managing Member. The Managing Member shall have full, exclusive, and complete discretion, power, and authority, subject in all cases to the other provisions of this Agreement and the requirements of applicable law, to manage, control, administer, and operate the business and affairs of the Company for the purposes herein stated, and shall have the power to perform, or cause to be performed, among others, all of the following:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sentio Healthcare Properties Inc), Limited Liability (Sentio Healthcare Properties Inc)
Rights and Obligations of Managing Member. Section 12.1 Rights and Obligations of Managing Member. The Managing Member shall have full, exclusive, and complete discretion, power, and authority, subject in all cases to the other provisions of this Agreement and the requirements of applicable law, to manage, control, administer, and operate the business and affairs of the Company for the purposes herein stated, and shall have the power to perform, or cause to be performed, among others, all of the following:
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Sentio Healthcare Properties Inc), Limited Liability Company Agreement (Sentio Healthcare Properties Inc)
