Common use of Duties and Obligations of the Manager Clause in Contracts

Duties and Obligations of the Manager. The Manager shall take all actions that may be necessary or appropriate for the (i) continuation of the Company’s valid existence as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Company to conduct the business in which it is engaged and (ii) accomplishment of the Company’s purposes, including the acquisition, development, maintenance, preservation and operation of the Company’s assets subject to and in accordance with the provisions of this Agreement and applicable laws and regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (BLG Securities Company, LLC)

Duties and Obligations of the Manager. The Manager shall take all actions that which may be necessary or appropriate for the (i) for the continuation of the Company’s 's valid existence as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Company to conduct the business in which it is engaged and (ii) for the accomplishment of the Company’s 's purposes, including the acquisition, development, maintenance, preservation preservation, and operation of the Company’s assets subject to and Property in accordance with the provisions of this Agreement and applicable laws and regulations.

Appears in 1 contract

Sources: Operating Agreement (Pepco Holdings Inc)

Duties and Obligations of the Manager. The Manager shall take all actions that which may be necessary or appropriate for the (i) continuation of the Company’s valid existence as a limited liability company under the laws of the State of Delaware and of each other jurisdiction in which such existence is necessary to protect the limited liability of the Members or to enable the Company to conduct the business in which it is engaged and (ii) accomplishment of the Company’s purposes, including the acquisition, development, maintenance, preservation preservation, and operation of the Company’s assets subject to and in accordance with the provisions of this Agreement and applicable laws and regulations.

Appears in 1 contract

Sources: Limited Liability Company Agreement (Freedom Depository LLC)