Common use of Establishment of Committees Clause in Contracts

Establishment of Committees. The Managers, by a resolution adopted by the affirmative vote of all of the Managers, may establish committees, consisting of one (1) or more persons appointed by the affirmative vote of a majority of the Managers, and having the authority of the Managers in the management of the business of the Company only to the extent provided in such resolution, and the Managers may delegate to any such committee or committees any and all authority that the Managers deems desirable and to the extent authorized under the Act. Committees other than any special litigation committee are subject at all times to the direction and control and serve at the pleasure of the Managers.