Common use of Chief Manager Clause in Contracts

Chief Manager. The Chief Manager shall: (a) See that all orders and resolutions of the Members are carried into effect; (b) Sign and deliver in the name of the Company any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the Company, except in cases in which the authority to sign and deliver is required by law to be exercised by another person or is expressly delegated or limited (i) by the Articles of Organization, (ii) by this Agreement, or (iii) by the Members to some other Manager or agent of the Company; (c) Carry out the day to day operations of the Company; (d) Perform other duties prescribed by the Members, by this Agreement, or by the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (CBL & Associates Limited Partnership)

Chief Manager. The Chief Manager shall: (a) See that all orders and resolutions of the Members are carried into effect; (b) Sign and deliver in the name of the Company any deeds, mortgages, bonds, contracts or other instruments pertaining to the business of the Company, except in cases in which the authority to sign and deliver is required by law to be exercised by another person or is expressly delegated or limited (i) by the Articles Certificate of OrganizationFormation, (ii) by this Agreement, or (iii) by the Members to some other Manager or agent of the Company; (c) Carry out the day to day operations of the CompanyCompany in accordance with the directions of and subject to the review of the Member; (d) Perform other duties prescribed by the MembersMember, by this Agreement, or by the Act.

Appears in 1 contract

Sources: Limited Liability Company Agreement (CBL & Associates Limited Partnership)