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 6.1.2, the Manager shall have the power, on behalf of the Company, to: (a) Select, manage, and dispose of Portfolio Investments; (b) Issue Shares to such persons and on such terms as it may designate in its sole discretion; (c) Enter into contracts of any kind, including but not limited to leases, management agreements, and joint venture agreements; (d) Incur indebtedness, whether to banks or other lenders; (e) Hire consultants, advisors, custodians, attorneys, accountants, placement agents, and employees; (f) Make short-term investments in money markets, certificates of deposits, obligations guaranteed by the United States, and similar instruments; (g) Make any and all elections under the Code or any state or local tax law; (h) Maintain and release reserve accounts; (i) Determine the timing and amount of distributions; (j) Determine the information to be provided to the Members; (k) Grant liens and other encumbrances on the Company’s assets, including but not limited to Portfolio Investments; (l) File, prosecute, defend, and settle lawsuits and governmental investigations and actions; (m) Discontinue the business of the Company; and (n) Dissolve the Company.