The Board Delegation of Authority and Duties. (a) The Member and Board. Except as otherwise provided in this Agreement, the business and affairs of the Company shall be managed under the direction of the Board, which shall possess all rights and powers which are possessed by “managers” under the Act and otherwise by applicable law, pursuant to Section 18-402 of the Act, subject to the provisions of this Agreement. Except as otherwise provided for herein, the Member hereby consents to the exercise by the Board of all such powers and rights conferred on it by the Act or otherwise by applicable law with respect to the management and control of the Company.
The Board Delegation of Authority and Duties. (a) Sole Member and Board. Management and control of the business and affairs of the Company in the Company’s capacity as general partner of the Partnership shall be managed under the direction of the Board, which shall possess all rights and powers which are possessed by “managers” under the Act and otherwise by applicable law, pursuant to Section 18-402 of the Act, subject to the provisions of this Agreement. Except as otherwise provided for herein, the Sole Member hereby consents to the exercise by the Board of all such powers and rights conferred on it by the Act or otherwise by applicable law with respect to the management and control of the Company. Each member of the Board shall receive such compensation for his or her services as may be designated by the Sole Member (if at all) from time to time.
The Board Delegation of Authority and Duties. 13 Section 6.5 Term of Office; Removal and Replacement. 14 Section 6.6 Meetings of the Board and Committees. 15 Section 6.7 Compensation of Directors 15
The Board Delegation of Authority and Duties
