Management Structure. The management of the business and internal affairs of the Company shall be reserved to one or more Managers. Except as otherwise provided in this Agreement, only the Managers may bind the Company and decide matters relating to the Company's business and internal affairs, provided that the Members shall have voting rights, information rights and dispute resolution rights provided in this Agreement and by law. The Members may change the number of the Company's Managers at any time upon the affirmative vote of Members holding a majority of Member votes.
Appears in 2 contracts
Sources: Operating Agreement (Maverick Oil & Gas, Inc.), Operating Agreement (Touchstone Resources Usa, Inc.)
Management Structure. The management of the business and internal affairs of the Company shall be reserved to one or more Managers. Except as otherwise provided in this Agreement, only the Managers may bind the Company and decide matters relating to the Company's business and internal affairs, provided that the Members shall have voting rights, information rights and dispute resolution rights provided in this Agreement and by lawAgreement. The Members may change the number of the Company's Managers at any time upon the affirmative vote of Members holding a majority of Member votes.
Appears in 1 contract
Sources: Operating Agreement (Continental Southern Resources Inc)