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 (i) admit new Members on such terms as the Manager may determine; (ii) engage the services of third parties to perform services; (iii) make all decisions regarding the Project; (iv) enter into leases and any other contracts of any kind; (v) incur indebtedness on behalf of the Company, whether to banks or other lenders; (vi) determine the timing and amount of distributions; (vii) determine the information to be provided to the Members; (viii) grant liens and other encumbrances on the Company’s assets; (ix) file and settle lawsuits on behalf of the Company; (x) file a petition in bankruptcy; (xi) sell or otherwise dispose of all or substantially all of the Company’s business or assets, including but not limited to the Project, in the ordinary course of business or otherwise; (xii) discontinue the business of the Company; and (xiii) dissolve the Company.

Examples of Manager’s Authority. Without limiting the grant of authority set forth in section 5.1.2this section, the Manager shall have the power to (i) admit new Members members on such terms as the Manager may determine; (ii) engage the services of third parties to perform services; (iii) make all decisions regarding the Project; (iv) enter into leases and any other contracts of any kind; (viii) sell securities and incur indebtedness on behalf of the Company, whether to banks investors or other lendersfinancial institutions; (viiv) determine the timing and amount of distributions; (viiv) determine the information to be provided to the Membersmembers; (viiivi) make loans and other liens on and “qualifying interests” in real estate; (vii) grant liens and other encumbrances on the Company’s assets; (ixviii) file and settle lawsuits on behalf of the Company; (xix) file a petition in bankruptcydevelop and change the Company’s business strategy; (xix) sell or otherwise dispose of all or substantially all of the Company’s business or assets, including but not limited to the Project, in the ordinary course of business or otherwise; (xiixi) discontinue the business of the Company; and (xiii) dissolve the Company.xii)