Common use of Specific Powers and Duties of the Manager Clause in Contracts

Specific Powers and Duties of the Manager. In addition to the general powers given to the Manager by law and by this Agreement, except as expressly limited by the provisions of this Agreement, the Manager shall have the power to enter into, make, sign, seal, deliver and perform all agreements, contracts, documents, instruments and other undertakings and to engage in all activities and transactions as may be necessary or desirable, in the sole discretion of the Manager, in order to carry out the business of the Company, all on behalf of the Company, including, without limitation, the following: (i) to admit Additional Members; (ii) to acquire, hold, sell, transfer, exchange, pledge and dispose of Wornick Shares, directly or indirectly, and exercise all rights, powers, privileges, and other incidents of ownership or possession with respect thereto (including voting such stock); (iii) to open, maintain and close bank accounts and draw checks or other orders for the payment of money; (iv) to borrow or raise monies and to secure the payment or performance of obligations of the Company and/or the Wornick Group by mortgage, hypothecation, pledge or other security assignment of all or any part of the assets of the Company and/or the Wornick Group; and (v) to otherwise hold, sell or deal in any manner with the assets of the Company and/or the Wornick Group.

Specific Powers and Duties of the Manager. In addition to the general powers given to the Manager by law and by this Agreement, except as expressly limited by the provisions of this Agreement, the Manager shall have the power to enter into, make, sign, seal, deliver and perform all agreements, contracts, documents, instruments and other undertakings and to engage in all activities and transactions as may be necessary or desirable, in the sole discretion of the Manager, in order to carry out the business purpose of the Company, all on behalf of the Company, including, without limitation, the following: (i) to admit Additional Members, in accordance with Section 3.3; (ii) to acquire, hold, sell, transfer, exchange, pledge and dispose of Wornick DI Shares, directly or indirectly, and exercise all rights, powers, privileges, and other incidents of ownership or possession with respect thereto (including voting such stock); (iii) to open, maintain and close bank accounts and draw checks or other orders for the payment of money; (iv) to borrow or raise monies on behalf of the Company and/or the DI Group and to secure the payment or performance of obligations of the Company and/or the Wornick DI Group by mortgage, hypothecation, pledge or other security assignment of all or any part of the assets of the Company and/or the Wornick DI Group; and (v) subject to Section 2.6, to otherwise hold, sell or deal in any manner with the assets of the Company and/or the Wornick GroupDI Group for the benefit of the Company.

Specific Powers and Duties of the Manager. In addition to the general powers given to the Manager by law and by this Agreement, except as expressly limited by the provisions of this Agreement, the Manager shall have the power to enter into, make, sign, seal, deliver and perform all agreements, contracts, documents, instruments and other undertakings and to engage in all activities and transactions as may be necessary or desirable, in the sole discretion of the Manager, in order to carry out the business of the Company, all on behalf of the Company, including, without limitation, the following: (i) to admit Additional Members; (ii) to acquire, hold, sell, transfer, exchange, pledge and dispose of Wornick Shares, directly or indirectly, Integrated Defense Technologies Shares and exercise all rights, powers, privileges, and other incidents of ownership or possession with respect thereto (including voting such stock); (iii) to open, maintain and close bank accounts and draw checks or other orders for the payment of money; (iv) to borrow or raise monies and to secure the payment or performance of obligations of the Company and/or the Wornick Group by mortgage, hypothecation, pledge or other security assignment of all or any part of the assets of the Company and/or the Wornick GroupCompany; and (v) to otherwise hold, sell or deal in any manner with the assets of the Company and/or the Wornick Group.