Powers of Manager. Except as otherwise expressly provided herein, all references herein to any action to be taken by the Company means action taken in the name of the Company and on its behalf by the Manager or its delegates. With respect to the Company business and property, but subject to the express provisions of this Agreement requiring the consent of the Members, the Manager will have all of the rights, powers, privileges, and authority of a manager as set forth in the Act, as in effect on the date of this Agreement, and this Agreement.
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Sources: Limited Liability Company Agreement (Commune Omni Fund, LLC), Limited Liability Company Agreement (Commune Omni Fund, LLC)
Powers of Manager. Except as otherwise expressly provided herein, all All references herein to any action to be taken by the Company means shall mean action taken in the name of the Company and on its behalf by the Manager or its delegatesany Manager. With respect to the Company business assets, affairs and property, but subject to the express provisions of this Agreement requiring the consent of the Membersoperations, the Manager will shall have all of the rights, powers, privileges, and authority to carry out all actions on behalf of a manager as set forth in the Act, as in effect on the date of this Agreement, and this AgreementCompany.
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