Common use of Examples of Manager’s Authority Clause in Contracts

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: 5.1.4.1 create series of Investor Shares with such terms and conditions as the Manager may determine in its sole discretion; 5.1.4.2 issue Shares to any person for such consideration as the Manager may be determine in its sole discretion, and admit such persons to the Company as Investor Members; 5.1.4.3 engage the services of third parties to perform services on behalf of the Company; 5.1.4.4 enter into one or more joint ventures; 5.1.4.5 purchase, lease, sell, or otherwise dispose of real estate and other assets, in the ordinary course of business or otherwise; 5.1.4.6 enter into leases and any other contracts of any kind; 5.1.4.7 incur indebtedness on behalf of the Company, whether to banks or other lenders; 5.1.4.8 determine the amount of the Company’s Available Cash and the timing and amount of distributions to Members; 5.1.4.9 determine the information to be provided to the Members; 5.1.4.10 grant mortgage, liens, and other encumbrances on the Company’s assets; 5.1.4.11 make all elections under the Code and the provisions of State and local tax laws; 5.1.4.12 file and settle lawsuits on behalf of the Company; 5.1.4.13 file a petition in bankruptcy; 5.1.4.14 discontinue the business of the Company; and 5.1.4.15 dissolve the Company.