Common use of Board of Managers Clause in Contracts

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his or her capacity as such, shall have the authority to act on behalf of or bind the Company.

Appears in 16 contracts

Sources: Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Board of Managers. The business and affairs management of the Company shall be managed and controlled by or under the direction of vested in a Board of Managers (the "Board of Managers"“Board”), which may exercise all such subject to the Managers’ authority to delegate powers and duties to Officers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, Company; provided that no Member and no individual Manager, acting solely in his or her capacity as sucha Manager, shall have the authority to act on behalf of or bind the Company, unless expressly authorized to do so by the Board.

Appears in 11 contracts

Sources: Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.), Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.), Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his or her capacity as such, shall have the authority to act on behalf of or bind the Company.

Appears in 5 contracts

Sources: Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC), Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction authority of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his except as otherwise required by the Act or her capacity as such, shall have the authority to act on behalf of or bind the Companythis Agreement.

Appears in 4 contracts

Sources: Limited Liability Company Agreement (Green Tree Lease Finance 1998-1 LLC), Limited Liability Company Agreement (Conseco Finance Lease 2000-1 LLC), Limited Liability Company Agreement (Green Tree Lease Finance Ii Inc)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction of a Board of Managers (the "Board of Managers")Board, which shall consist of such managers as may be designated by the Member. The Board may exercise all such powers of the Company and do all such lawful acts and things as are not by law statute, the Bylaws or by this Company Agreement directed or required to be exercised or and done by the MembersMember. Unless authorized by the The Board of Managers, no Member and no individual Manager, in his or her capacity as such, shall have the authority power to act on behalf of or bind adopt, amend and repeal the CompanyBylaws from time to time.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (Kaiser Aluminum Washington, LLC), Limited Liability Company Agreement (Kaiser Aluminum Washington, LLC), Limited Liability Company Agreement (Kaiser Aluminum Washington, LLC)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or and under the direction of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his or her capacity as such, shall have the authority to act on behalf of or bind the Company.

Appears in 2 contracts

Sources: Limited Liability Company Agreement, Limited Liability Company Agreement (U S Energy Systems Inc)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction of a Board of Managers (the "“Board” or “Board of Managers"), which may exercise all such powers . All actions of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, Managers must be taken at a duly authorized meeting of the Board of Managers as provided in his Section 3.03 or her capacity by written consent as such, shall have the authority to act on behalf of or bind the Companyprovided in Section 3.08.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (Northrop Grumman Corp /De/), Limited Liability Company Agreement (Northrop Grumman Corp /De/)

Board of Managers. The Except as reserved to the Members in this Agreement or delegated to an Officer, the business and affairs of the Company shall be managed and controlled by or under the direction of a the Board of Managers (the "Board of Managers"), which may exercise all such powers and the Board of Managers shall have power and authority to manage and direct the business and affairs of the Company and do all such lawful acts and things as are not Approval by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized actions taken by the Board of Managers, no Member and no individual Manager, Managers in his accordance with this Agreement shall constitute approval or her capacity as such, shall have the authority to act on behalf of or bind action by the Company.

Appears in 2 contracts

Sources: Limited Liability Company Agreement (CHS Inc), Limited Liability Company Agreement (CHS Inc)

Board of Managers. The business and affairs of the Company shall will be managed and controlled by or under the direction authority of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his except as otherwise required by the Act or her capacity as such, shall have the authority to act on behalf of or bind the Companythis Agreement.

Appears in 1 contract

Sources: Limited Liability Company Agreement (ASAlliances Biofuels, LLC)

Board of Managers. The business and affairs of the ----------------- Company shall be managed and controlled by or under the direction authority of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his except as otherwise required by the Act or her capacity as such, shall have the authority to act on behalf of or bind the Companythis Agreement.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Apogee Enterprises Inc)

Board of Managers. The business and affairs management of the Company shall be managed and controlled by or under the direction of vested in a Board of Managers (the "Board of Managers"“Board”), which may exercise all such subject to the Managers’ authority to delegate powers and duties to Officers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, Company; provided that no Member and no individual Manager, ) acting solely in his or her capacity as sucha Manager, shall have the authority to act on behalf of or bind the Company, unless expressly authorized to do so by the Board.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.)

Board of Managers. The Subject to the other provisions of this Agreement, the business and affairs of the Company shall be managed and controlled by or under the direction of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his or her capacity as such, shall have the authority to act on behalf of or bind the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Lind-Waldock Securities, LLC)

Board of Managers. The business and affairs of the Company shall be controlled, directed and managed and controlled by or under the direction a board of a Board of Managers managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his or her capacity as such, shall have the authority to act on behalf of or bind the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Medley Capital BDC LLC)

Board of Managers. The business and affairs management of the Company shall be managed and controlled by or under the direction of vested in a Board of Managers (the "Board of Managers"“Board”), which may exercise all such subject to the Managers’ authority to delegate powers and duties to Officers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, Company; provided that no Member and no individual Manager, acting solely in his or her capacity as such, a Manager. shall have the authority to act on behalf of or bind the Company, unless expressly authorized to do so by the Board.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Ruby Tuesday of Bryant, Inc.)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction authority of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member except as provided in Section 4.13 and no individual Manager, in his as otherwise required by the Act or her capacity as such, shall have the authority to act on behalf of or bind the Companythis Agreement.

Appears in 1 contract

Sources: Joint Venture Agreement (Global Gold Corp)

Board of Managers. The business and affairs management of the Company shall be managed and controlled by or under the direction of vested in a Board of Managers (the "Board of ManagersBoard"), which may exercise all such subject to the Managers' authority to delegate powers and duties to Officers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, Company; provided that no Member and no individual Manager, acting solely in his or her capacity as sucha Manager, shall have the authority to act on behalf of or bind the Company, unless expressly authorized to do so by the Board.

Appears in 1 contract

Sources: Limited Liability Company Operating Agreement (Hadco Corp)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction authority of a Board of Managers (the "Board of Managers"), which may exercise all such powers of the Company and do all such lawful acts and things as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual Manager, in his except as otherwise required by the Act or her capacity as such, shall have the authority to act on behalf of or bind the Company.this

Appears in 1 contract

Sources: Limited Liability Company Agreement (Mosaic Crop Nutrition, LLC)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction of a Board of Managers (the "Board of Managers")“Board”, which may exercise all such powers of the Company and do all such lawful acts and things each member thereof being referred to as are not by law or by this Agreement directed or required to be exercised or done by the Members. Unless authorized by the Board of Managers, no Member and no individual a “Manager, in his or her capacity as such, ”) who shall have the authority to act exclusive power and authority, on behalf of the Company, to take any action of any kind not inconsistent with the provisions of this Agreement or bind the Act, and to do anything and everything it deems necessary or appropriate to carry on the business and purposes of the Company.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Coca-Cola European Partners Us, LLC)

Board of Managers. The business and affairs of the Company shall be managed and controlled by or under the direction of a Board of Managers (the "“Board”) and the Board of Managers")shall be authorized to make all decisions and to take all actions it determines necessary, which may exercise all such powers advisable or desirable relating to the business, affairs, investments, and properties of the Company and do all including, without limitation, the formation of or investment in, such lawful acts and things subsidiary or affiliate companies of the Company as are not by law it determines advisable or by this Agreement directed or required to be exercised or done by the Membersdesirable. Unless authorized by the The Board of ManagersManagers shall be comprised of three (3) members. The Senior Preferred Members, no Member and no individual Manager, in his or her capacity as suchcollectively, shall have the authority right to act on behalf appoint the members of or bind the CompanyBoard.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Stripes Holdings LLC)