Examples of Manager’s Authority. Without limiting the grant of authority set forth in section 5.1.2, the Manager shall have the power to: (a) Create series of Preferred Stock, as well as other interests in the Company. (b) Issue Shares and other interests to such persons and for such consideration as the Manager may determine from time to time. (c) Incur any indebtedness on behalf of the Company, whether to banks or other lenders. (d) Enter into any agreement or contract. (e) Determine the amount and timing of any distributions. (f) Determine the information to be provided to Members concerning the Company. (g) Enter into a merger or consolidation with another entity or acquire any stock or securities in any the Company or other entity, including a subsidiary the Company whose stock is wholly owned by the Company. (h) Change the Company’s business or enter into new businesses.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Magfast LLC), Limited Liability Company Agreement, Limited Liability Company Agreement