Common use of Duties of the Board of Directors Clause in Contracts

Duties of the Board of Directors. In addition to the rights and duties of the Board of Directors set forth elsewhere in this Agreement and subject to the other provisions of this Agreement, the Board of Directors shall be responsible for and are hereby authorized to: (a) control the day to day operations of the Company; (b) hire or appoint employees, agents, independent contractors or officers of the Company; (c) carry out and effect all directions of the Member; (d) select and engage the Company’s accountants, attorneys, engineers and other professional advisors; (e) apply for and obtain appropriate insurance coverage for the Company; (f) temporarily invest funds of the Company in short term investments where there is appropriate safety of principal; (g) acquire in the name of the Company by purchase, lease or otherwise, any real or personal property which may be necessary, convenient or incidental to the accomplishment of the purposes of the Company; (h) engage in any kind of activity and perform and carry out contracts of any kind necessary to, in connection with! or incidental to the accomplishment of the purposes of the Company, so long as said activities and contracts may be lawfully carried on or performed by a limited liability company under the Act and are in the ordinary course of the Company’s business; and (i) negotiate, execute and perform all agreements, contracts, leases, loan documents and other instruments and exercise all rights and remedies of the Company in connection with the foregoing.

Duties of the Board of Directors. In addition to the rights and duties of the Board of Directors set forth elsewhere in this Agreement and subject to the other provisions of this Agreement, the Board of Directors shall be responsible for and are hereby authorized to: (a) control the day to day operations of the Company; (b) hire or appoint employees, agents, independent contractors or officers of the Company; (c) carry out and effect all directions of the Member; (d) select and engage the Company’s accountants, attorneys, engineers and other professional advisors; (e) apply for and obtain appropriate insurance coverage for the Company; (f) temporarily invest funds of the Company in short term investments where there is appropriate safety of principal; (g) acquire in the name of the Company by purchase, lease or otherwise, any real or personal property which may be necessary, convenient or incidental to the accomplishment of the purposes of the Company; (h) engage in any kind of activity and perform and carry out contracts of any kind necessary to, in connection with! , or incidental to the accomplishment of the purposes of the Company, so long as said activities and contracts may be lawfully carried on or performed by a limited liability company under the Act and are in the ordinary course of the Company’s business; and (i) negotiate, execute and perform all agreements, contracts, leases, loan documents and other instruments and exercise all rights and remedies of the Company in connection with the foregoing.