Common use of Managers Powers Clause in Contracts

Managers Powers. The Manager shall be the chief executive of the Company. The Manager shall have the following powers and addition to such other powers as may be required to engage in the purpose of the Company as set forth in Article II: 6.03.1 To select and remove all employees, agents and representatives of the Company, prescribe such powers and duties for them as may be consistent with law, with the Company's Articles of Organization or this Operating Agreement, fix their compensation, and require from them security for faithful service. 6.03.2 To conduct, manage and control the affairs and business of the Company, and to make such rules and regulations therefor consistent with the law, with the Company's Articles of Organization or this Operating Agreement. 6.03.3 To change the principal office of this Company from one location to another within Nevada; to fix and locate from time to time one or more subsidiary offices of the Company; and to designate any place within or without the State of Nevada for the holding of any Members' meeting or meetings. 6.03.4 To borrow money and incur indebtedness for the purpose of the Company, and to cause to be executed and delivered therefor, in the Company name, promissory notes, bonds, and debentures. 6.03.5 To appoint an executive committee and other committees, and to delegate to the executive committee any of the powers and authority of the Manager in the management of the business and affairs of the Company. The Manager, in their discretion, may or may not be a member of an executive committee.

Managers Powers. The Manager Board of Managers shall be have the chief executive following powers: 1. To elect Officers to serve on behalf of the Company. The Manager Officers need not be Managers or Members but shall have the following powers and addition to such other powers as may be required to engage in the purpose of the Company as set forth in Article II:employees. 6.03.1 2. To select and remove all employees, agents and representatives of the Company, prescribe such powers and duties for them as may be consistent with law, with this Operating Agreement, the Company's Articles of Organization or this Operating and the Master Agreement, fix their compensation, and require from them security for faithful service. 6.03.2 3. To conduct, manage and control the affairs and business of the Company, and to make such rules and regulations therefor consistent with the law, with this Operating Agreement, the Company's Articles of Organization or this Operating and the Master Agreement. 6.03.3 4. To change the principal office of this Company from one location to another within the State of Nevada; to fix and locate from time to time one or more subsidiary offices of the Company; and to designate any place within or without the State of Nevada for the holding of any Members' meeting or meetings. 6.03.4 5. To borrow money and incur indebtedness for the purpose of the Company, and to cause to be executed and delivered therefor, in the Company name, promissory notes, bonds, and debentures. 6.03.5 6. To appoint an executive committee and other committees, and to delegate to the executive committee any of the powers and authority of the Manager Board of Managers in the management of the business and affairs of the Company. The ManagerBoard of Managers, in their discretion, may or may not be a member members of an executive committee.