Common use of Management by the Managing Member Clause in Contracts

Management by the Managing Member. The overall management and control of the business and affairs of the Company shall be overseen by the Managing Member, in the form and manner described below. Except as otherwise expressly provided in this Agreement, the Managing Member shall have the exclusive power and authority to take such action for and on behalf of the Company as the Managing Member shall from time to time deem necessary or appropriate to carry on the Company business and to carry out the purposes for which the Company was organized. The Managing Member shall in good faith use reasonable efforts to extend or renew the Existing Contracts (including leases) with the respective third party owners and shall cause the Existing Subsidiaries to use good faith efforts to extend or renew the Existing Subsidiary Contracts (including leases) with the respective third party owners, in each case upon the expiration thereof, shall in good faith use reasonable efforts to provide and promote the ancillary services provided by the Existing Subsidiaries that are not parties to hotel management contracts, and shall not allow or cause, directly or indirectly, Northridge Holdings or any other affiliate of Northridge Holdings (other than the Company) to become the Manager of the hotels currently managed under the Existing Contracts.

Management by the Managing Member. The overall management and control of the business and affairs of the Company shall be overseen by the Managing Member, in the form and manner described below. Except as otherwise expressly provided in this Agreement, the Managing Member shall have the exclusive power and authority to take such action for and on behalf of the Company as the Managing Member shall from time to time deem necessary or appropriate to carry on the Company business and to carry out the purposes for which the Company was organized. The Managing Member shall in good faith use reasonable efforts to extend or renew the Existing Contracts (including leases) with the respective third party owners and shall cause the Existing Subsidiaries to use good faith efforts to extend or renew the Existing Subsidiary Contracts (including leases) with the respective third party owners, in each case upon the expiration thereof, shall in good faith use reasonable efforts to provide and promote the ancillary services provided by the Existing Subsidiaries that which are not parties to hotel management contracts, and shall not allow or cause, directly or indirectly, Northridge Holdings IHC or any other affiliate of Northridge Holdings IHC (other than the Company) to become the Manager of the hotels currently managed under the Existing Contracts.